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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 Trends
Aluminium pouches are gaining popularity in the market because they increase product shelf life and hygiene while maintaining chemical properties, shape, and melting resistance when exposed to sunlight. Vendors have also developed novel aluminium foil packaging solutions for the organised retail and packaged goods markets in response to consumer demand for convenient and lightweight packaging.
According to the aluminium foil market analysis, the product is also used in technical applications such as vapour barriers in house construction or insulation in pipe systems. In the construction industry, a major application of aluminium foil is insulation; it is used to create a heat-insulating layer for the insulation of pipes and ducts. Aluminium foil is also used as a top layer for insulating materials such as stone wool, foam insulation panels, and lamellar mats in the construction industry to insulate buildings. The film acts as a vapour barrier, ensuring that no water vapour penetrates the insulation material, preventing mould growth and moisture damage.
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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