Rising global demand for aluminium foil during festive seasons: a peek into production, revenue and more…
Views : 32
Update time : 2024-12-10 17:46:20
The festive season, especially around Christmas, brings with it a surge in demand for aluminium foil, a versatile product indispensable in many households and industries. With its primary application in the food and beverage sector, aluminium foil has become a staple for packaging, storage, and cooking, showcasing its multi-dimensional utility.
The aluminium foil manufacturing industry has grown into a vast global enterprise. According to a report by Verified Market Research, the Aluminium Foil Used in Food Packaging Market was valued at USD 14.49 billion in 2024 and is projected to reach USD 19.82 billion by 2031, growing at a compound annual growth rate (CAGR) of 4 per cent over the forecast period. Another report by AL Circle, titled ‘Aluminium Foil and its End Uses: Current Trends and Forecast till 2028’, highlights the widespread usage of aluminium foil across sectors, from packaging for food, beverages, pharmaceuticals, and cosmetics to industrial applications like electrical insulation, aerospace components, and automotive parts.
