The Sultanate of Oman’s imports of aluminum and its products are increasing by an average of 7.7% annually, and accordingly, Mashroo3kConsultants Company highlights the importance of the aluminum foil factory project in the Sultanate of Oman, relying on the latest indicators and official data.
What is an aluminum foil factory? …
The aluminum foil factory produces sheets in various sizes ranging from (0.0065 mm) to (200 micrometers); and because the demand for aluminum foil has recently increased, the “Mashroo3k ” company expects this project to generate significant profits for those who invest in it; these sheets are widely used today for packaging pharmaceuticals, cosmetics, and food products such as juices, beverages, dairy products, and others.
The value of the global aluminum foil market has reached. Approximately 28.4 billion dollars in 2020, and it is expected to reach a value of The global aluminum foil market is expected to reach 47.4 billion USD by 2027, achieving a compound annual growth rate of 4.5% during the period from 2021 to 2027.
Mashroo3’k Consulting Company confirms that the aluminum foil factory project will be largely successful in the Sultanate of Oman, especially when we know that the Sultanate imports aluminum and its products with an annual average reaching 242.9 million US dollars according to the results from the period (2014-2020).
It is worth noting that the average annual growth of the Sultanate’s imports of aluminum and its products reached 7.7% during the period from 2015 to 2020; this certainly confirms the success of the project at hand.
