Aluminum Foil Market Projected To Raise At USD 39.58 Billion By 2030
San Francisco, 18 April 2024: The Report Aluminum Foil Market Size, Share & Trends Analysis Report By Product (Wrapper Foils, Container Foils), By End-use (Packaging, Industrial), By Region, And Segment Forecasts, 2023 - 2030 The global aluminum foil market size is expected to reach USD 39.58 billion by 2030, registering a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The increasing investments in the Electric Vehicle (EV) industry and rising demand for packaging from the food & beverage, and pharmaceutical industries, along with favorable government policies regarding carbon footprint reduction, are driving the market growth. Governments around the world are encouraging the production of EVs. For instance, in 2021, the French government unveiled an industrial revival plan worth EUR 30.0 billion (~USD 32.1 billion) in sectors such as nuclear & renewable energy sources, electric cars, semiconductors, and robotics, and revi