Aluminum Foil Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2025
The global aluminum foil market size is anticipated to reach USD 33.1 billion by 2025, accelerating at a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. The superior barrier properties of the product coupled with rising demand for flexible packaging is expected to drive the market. Aluminum foil is used in various packaging and industrial applications. Packaging involves protecting food & beverage products, medicines, cosmetics, and tobacco from chemical, climatic, and physical parameters. Industrial applications of the product involve transportation, building & construction, and electrical & electronics along with it being used to manufacture heat exchanger tube fins for air conditioners, thermal insulation wrappers for pipes & ducts, and coil & capacitors. Packaging industry is projected to generate a considerable product demand over the forecast period. Aluminum foil is an excellent material for preserving food products stored on shelves or in freezer/cooler. Containers made of this material are popular for use in food packaging. Moreover, aluminum foil containers are highly suitable for use in all types of ovens including conventional, convection, microwave, and boiler ovens. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/aluminumfoil-market