The global aluminum foil market size accounted for USD 27,640 million in 2024 and is expected to exceed around USD 45,023 million by 2034, growing at a CAGR of 5% from 2024 to 2034.
The aluminum foil market refers to the industry, which includes the manufacturing distribution and use of aluminum foil, which is a thin rolled sheet of alloyed aluminum with a thickness of 4 to 150 micrometers. Aluminum foiled was first commercially used in the US in 1913 for wrapping life savers. Aluminum foil is basically the larger number of aluminum atoms that are connected through metallic bonding. The aluminum foil market growth is driven by sustainability concerns for eco-friendly packaging options, the boom in the e-commerce business, expansion of the packaging industry, renewable energy sector expansion, and electric and electronic sector demand.
The key restraints that the market will face in the future are the competition for the alternative packaging option recycling and waste management challenge and changing raw material pricing. The aluminum foil market will grow in the future due to technological advancements in the material, the increasing demand for aluminum foil in the various sectors manufacturing lithium-ion batteries, which are used in electric vehicles, and the increasing demand for environmentally friendly packaging options.
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| Stats ID: | 7539 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7539 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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