Global Aluminum Foil Packaging market is expected to display higher growth CAGR in the forthcoming years. Aluminum foil has extensive uses ranging from restaurant take-away foods to high-end computer peripherals and right from exquisite pens to spacecraft insulation aluminum foil packaging is leading in all business fronts to take cognizance of this booming and understandably large business opportunity.
An aluminum foil is produced by rolling aluminum slabs cast from molten aluminum in an aluminum mill to desired thickness. Aluminum foil is used extensively in applications ranging from food and pharmaceuticals to aseptic packaging that does not deem necessary storage of perishable goods by refrigerating that adds to growth of aluminum foil packaging market.
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Aluminum foil prevents dust or ingress from seeping into interior of product and is a strong barrier to rancid taste. It also ensures that product flavor does not harmonize with atmosphere while retaining fragrance and malleability is also assured. Food preservation and retention is much higher in aluminum foils and is one way of extending life of foodstuffs. Market growth for Aluminum foil packaging is enhanced in areas such as insulation, food preparation, electronics and geochemical sampling, art and decoration. Food preparation makes use of aluminum in packing softer sections of meat and poultry to pre-heat and prevent overcooking ads to the growth of aluminum food packaging market.
Going forward, aluminum foils is increasingly being associated with thin films for packaging coffee, tuna and soups to pack products that expand and contracts, a feature of aluminum foils that is very popular. Food-stuffs retain their innate properties until re-hydrated. These manifold characteristics put aluminum foils packaging to good use. Features adding to growth of aluminum foils include food grade materials, NC lacquer coating, multicolor printing options, sun dot line printed, gold and color foils. Aluminum foil essays complete growth due to laminates finding easy applications in pouches, tubes and sachets and tamper evident closures. Aluminum foil packaging market is segmented by foil type into printed and unprinted. Based on applications the segmentation for aluminum foil packaging industry comprises food packaging, beer bottle neck, butter and cheese, chocolate and kitchen foils.
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By thickness, aluminum foil packaging market is segmented into 7 mm to 0.09 mm, 9mm to 0.2mm, 2mm to 0.4 mm. By application, segmentation for aluminum foil packaging market includes food, dairy, bakery, confectionary, ready-to-eat, others, beverages, pharmaceuticals, personal care and cosmetics. By end-user, segmentation for aluminum foil packaging market includes bags and pouches, wraps and rolls, blisters, lids, laminated tubes and trays. The key industrial players include united Company Plc, Alcoa Corporation, Ess Dee Aluminum Ltd., Novels inc, Alufoil Products Pvt Ltd. and Nicholl Food Packaging ltd.
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