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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
Aluminium Foil Market Growth
Aluminium is an eco-friendly and sustainable metal due to its high recycling rate and lightweight. Aluminium foil saves more resources than it consumes during production, which is why it is considered an ideal material for several applications. Due to its many qualities, aluminium foil is important for the effective functioning of many crucial components in food and beverage packaging, transportation, construction, and interior design.
Rising demand for wrapper, container, and pouch aluminium foils in the food and pharmaceutical industries, owing to aluminium foil’s capability to offer improved shelf life and greater flexibility for stored products, is likely to stimulate the growth of the aluminium foil market. Aluminium packaging solutions are widely employed for product protection and rapid serve purposes in supermarket and convenience stores, catering services, bakeries, and quick service restaurants. The market is also influenced by the rise in the use of aluminium cans in beverage packaging, which is contributing to the growth of the market.
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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United States (Head Office)
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124