Aluminum Foil Industry Development Tendency

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2019-04-11

Nowadays, the aluminum foils are used widely in many industries. Like flexible packaging, kitchen use, thermal insulation and other use. During these industries, sometime bare foil is not enough to use, we will need laminated the foil with different material like paper, PE, PVC etc. And here we would like to introduce the aluminum foil industry development tendency, so that you will know this field more clear. We will leading you to this industry deeply.

The aluminum foil packaging market was valued at USD 18.912 billion in 2017 and is expected to reach a value of USD 23.166 billion by 2023 at a CAGR of 3.27%, over the forecast period (2018 – 2023).

Aluminum Foil Industry Development Tendency

Aluminium packaging provides complete protection against moisture, light, oxygen, and bacteria. The flexibility of the aluminum to form any shape has made it the most versatile packaging material in the world. A key benefit of using aluminum in the packaging industry is that aluminum packaging materials can be 100% recycled and reused an infinite number of times. More than 60% of the aluminum used in the packaging sector is processed to foil or thin strips. Food and beverage can account for more than 20% of this production. A significant part of foil and sheets are also used in the making of flexible tubes and aerosol cans. The lightweight of the aluminum foil helps the manufacturers to transport more cans or any other aluminum packed goods at a single go. This is an eco-friendly process and saves a lot of transportation costs to the company.

With the development of the world, the aluminum foil will be used in more industries. And laminated with other material will promote greatly the performance of the aluminum foil. Welcome to our company Huawei Aluminum Co., Ltd.