![]() ![]() ![]() imposed anti-dumping duty for aluminum products like foils, on countries such as Oman and China, to safeguard the domestic manufacturing industry. The country is trying the boost the manufacturing of the various end-use industries, which is anticipated to propel the demand for aluminum foils in the said forecast period. The product is extensively used in the food & beverage, automotive, and FMCG industries. was the largest market in North America in 2022 and this trend is anticipated to continue over the forecast period. For instance, in November 2021 Polfarmex invested in a new packaging line of blister packs, which will increase its production capacity by 60%. Surging demand from the pharmaceutical industry has augmented the product’s manufacturing. ![]() Furthermore, the increasing demand for electric vehicles (EVs) and the growing requirement for air conditioning systems are expected to further augur growth for aluminum foils. Growth of the global packaging industry is anticipated to augment market growth as the product is widely used for the packaging of several products such as food, beverages, cosmetics, and pharmaceutical. The global aluminum foil market size was valued at USD 25.79 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. ![]()
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