What is aluminium foil used for?
The use of aluminium foil varies according to the sector to which it refers. In fact, it’s used in many markets such as the food&beverage to make trays, caps and packages of various kinds, both for liquids and food. The widespread use of aluminium in this sector is due to its properties: it protects food from sun exposure and from contaminants that can deteriorate it.
Aluminium foil prices
As for all products on the market, aluminium foil prices also vary based on the complex relationship between supply and demand. In a free market, in fact, the demand is inversely proportional to the price of the good: it increases when the price of the good decreases. The supply functions exactly the opposite: the quantity supplied of a good increases as its price increases. Having established this, it may be useful to hypothesize what the supply of aluminium foil will be in the coming years. According to the latest report published by Maximize Market Research, this market in particular will go from 25.66 billion dollars, had in 2021, to 42.47 billion dollars expected in 2029. This growth will be due to the increase in demand from the food and pharmaceutical sectors. The required aluminium foils will be both unprinted and printed and the thickness will be of three types:
- 007 mm – 0.09 mm
- 09 mm – 0.2 mm
- 2 mm – 0.4 mm
According to the published report, the demand for aluminium foil in food and pharmaceutical products is growing due to population increase and health awareness. Furthermore, environmental concerns and the use of sustainable materials are also expected to drive market growth.