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The global production of aluminum foils is expected to grow moderately at 5–5.5 percent (CAGR) until 2021 and reach 6.1 MMT.
Increase in demand from rising consumption of flexible packaging have bolstered the growth for aluminum foils. The aluminum foil packaging market is expected to show moderate growth of 3.5-4 percent CAGR during 2016–2021

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