Global demand for aluminum foil has risen steadily. According to Technavio latest report shows that 2016-2020 years, the global aluminum foil packaging market compound annual growth rate of 3.69%.
Aluminum foil is produced by continuous casting and cold rolling of aluminum sheets and can be used to wrap any product. Aluminum foil has become a major barrier to external media (bacteria, oxygen, moisture and UV) and is widely used in the pharmaceutical, food and beverage industries.
Amcor, Alcoa and Novelis are among the leading suppliers of aluminum foil products. Other aluminum foil brands include ACM Carcano, Assan Aluminum, Alibrico Packaging, Brasilia Aluminum, Jasch Foils and Nicholl.
The report pointed out that the food packaging industry demand growth is the main factor to stimulate the growth of aluminum foil market. Other potential factors supporting this growth include changes in modern consumption habits that people seek healthy, convenient, aesthetically pleasing and sustainable materials in their daily lives.
Lightweight aluminum foil industry is still the main trend. The aluminum foil manufacturers are constantly in their own technical level to meet global standards. But the aluminum foil industry and other industries, like also faces a variety of challenges, mainly raw materials and demand in two ways.