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Report Overview
The global aluminium foil market attained a value of nearly USD 24.1 billion in 2023. The market is further expected to grow at a CAGR of 4.3% during the forecast period of 2024-2032 to reach a value of USD 35.2 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in the Aluminium Foil Market
Market players are focused on developing sustainable packaging solutions and expanding their manufacturing capacities to meet growing demand from various industries.
Hindalco Industries Ltd. is one of India's largest aluminium manufacturing companies and the world's largest flat-rolled products player and recycler of aluminium. Founded in 1958 and headquartered in Mumbai, India, it offers aluminium downstream products, including extrusions, foils, wire rods, and billets.
Amcor plc is a packaging company in the aluminium foil industry that develops and produces rigid containers and flexible packaging products. Founded in 1860, its headquarters are in Melbourne, Australia. It offers various aluminium foils for packaging, insulation, and industrial uses.
Eurofoil is a Luxembourg-based company that specialises in the production of aluminium foil for packaging, insulation, and technical applications. Founded in 1961, its headquarters are in Luxembourg.
Henan Huawei Aluminium Co., Ltd. offers a range of aluminium foil products for various applications, including packaging, insulation, and technical uses. Founded in 1993, its headquarters are in Henan, China. The company is a significant player in the aluminium foil market.
Other key players in the global market include Zhejiang Junma Aluminium Industry Co. Ltd., among others.
Aluminium Foil Market Report Snapshots
Aluminium Foil Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is expected to grow at a CAGR of 4.3% between 2024 and 2032.
The major drivers of the market include thriving food industry, eco-friendly and sustainable properties of aluminium, and rising demand for oxygen resistant containers, wrappers, and pouches in the food packaging industry.
Key trends aiding market expansion include the demand for convenient and lightweight packaging options, increased use in food and beverage packaging, and growing use in EVs and air conditioning.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Wrapper foils, container foils, foil lids, pouches, blister packs, and collapsible tubes, among others are the different applications of the product considered within the market report.
Packaging and industrial are the major end-uses mentioned in the market report.
As per industry reports, the average aluminium content in an EV is expected to increase by 9.5% to 310 kg by 2026.
Key players in the market are Hindalco Industries Ltd, Amcor plcA, Henan Huawei Aluminium Co, Ltd., Eurofoil, and Zhejiang Junma Aluminium Industry Co. Ltd., among others.
In 2023, the market reached a value of approximately USD 24.1 billion.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 35.2 billion by 2032.
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