Aluminum Flat-Rolled Products Industry: Industry Analysis, Size, Share, Growth, Trends and Forecast
Market Highlights The Aluminum Flat-Rolled Products Market is projected to be valued at USD 80,589.5 Million by the end of 2024 and expected to exhibit a CAGR of 7.26%. The prominent factor driving the growth of the global market is the growing demand for aluminum foils and aluminum cans in the packaging industry. More than 7 billion aluminum foil containers are produced annually, and this number is expected to grow rapidly in the coming years. Aluminum foil can be merged with flexible films to create lightweight packages and is used in the packaging of tuna, pet food, coffee, and soups. Aluminum packaging is lightweight, flexible, and easily recyclable as well as hygienic and keeps the food fresh for a long time. Moreover, medicinal packaging is another important application segment for aluminum foils, wherein it is used for packaging all types of medications such as capsules, creams, pills, lotions, liquid and powder medications. Aluminum foil offers complete protectio