Brazil's aluminum market to grow at CAGR of 4.4% by 2028
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Update time : 2021-06-25 18:45:29
Brazil’s aluminum market is currently driven by the developed transportation industry, progressive technology, as well as the rapid development of emerging economies, all of which raised the demand for packaging aluminum foil.
In 2019, the foil packaging business occupied a big proportion in the Brazilian aluminum market. According to Allied Market Research, a market research and advisory company, the size of the Brazilian aluminum market reached US$2.2 billion in 2019 and it was expected to expand to US$4.1 billion by 2028. The compound annual growth rate (CAGR) will be 4.4% from 2021 to 2028.
