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The global aluminium foil market is expected to grow at a CAGR of 4.3% during the period 2024-2032.
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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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.
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