Report ID: SQMIG15I2007
Aluminum Foil Market Size, Share, Growth Analysis, By Product(Wrapper Foils, Containers Foils, Foil Lids, Pouches), By End-use(Packaging and Industrial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15I2007 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
64 |
Figures:
75
Aluminum Foil Market Regional Insights
Asia Pacific accounted for more than 53.0% of global revenue in 2022. Over the forecast period, it is anticipated that rising packaging demand will fuel product demand. For instance, the board of SRF Ltd in India authorized INR 425 crore (roughly USD 5.60 billion) in January 2022 to build an aluminum foil production facility in Jaitapur, Indore. The plant will supply the food & beverage industries with packaging for both home and foreign markets.
Europe is expected to show substantial growth during the forecast period. The government's initiatives to promote food exports and its decarbonization objectives have been significant market drivers for foils. The removal of trade restrictions on steel and aluminum by the U.S. government in 2021 is expected to have a significant positive impact on the export of aluminum foil throughout the projected period.
Aluminum Foil Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
