Development Prospects of China's Packaging Aluminum Foil Market: Consumption may exceed 1.3 million tons in 5 years

The largest production scale of aluminum foil products in China is packaging aluminum foil products, accounting for almost 50% of the total production. Today, packaging aluminum foil is gradually receiving attention from businesses and consumers due to its many advantages and characteristics. Aluminum foil consumption accounts for 37% of the total consumption of aluminum foil. It is expected that in the future, with the expansion of application scenarios, packaging aluminum foil still has huge development space.

1. Basic Overview of the Packaging Aluminum Foil Industry: Definition, Advantages, and Applications
Packaging aluminum foil refers to aluminum foil products used for item packaging, commonly used for food packaging, pharmaceutical packaging, and cigarette packaging. Aluminum foil packaging has the characteristics of good sealing, moisture-proof, odorless, good vacuum pumping effect, low air permeability, and low aging resistance, and is increasingly being applied in the packaging field.

2. China's packaging aluminum foil production has exceeded 2 million tons
In recent years, people's requirements for product packaging have become increasingly high, and the packaging industry has rapidly risen, with various new packaging materials emerging one after another. Among them, aluminum foil materials have gradually shown their advantages and become the preferred material for major packaging manufacturers. According to data released by the China Nonferrous Metals Processing Industry Association, the total production of aluminum foil in China was 4 million tons in 2019, with packaging aluminum foil accounting for the largest proportion, accounting for up to 50%, reaching 2 million tons.

With the rapid development of the packaging industry, it has become the largest consumer market for aluminum foil, and global aluminum foil consumption continues to reach new highs. According to the consumption structure of aluminum foil summarized by the China Nonferrous Metals Processing Industry Association, the consumption of packaging aluminum foil in China was about 1.03 million tons in 2019, accounting for about 37% of the total consumption of aluminum foil.

3. Analysis of the Development Prospects of China's Packaging Aluminum Foil Industry
With the stricter requirements of the country and society for food safety and hygiene, and the increasing awareness of environmental protection and resource conservation among people, aluminum foil meal boxes, as green packaging materials, are becoming a new choice for the catering industry and food packaging. Meanwhile, despite the significant downward pressure on the current economy, the catering market still maintains high growth driven by mass catering.

Especially in the context of high population mobility, popular online shopping, accelerated pace of life, and young people gradually becoming the main consumers in the market, the fast food and fast-moving consumer food markets are showing rapid growth.

According to the prospect forecast of the China Nonferrous Metals Processing Industry Association, due to the significant gap between the proportion of packaging aluminum foil consumption in China and the 60-70% of packaging aluminum foil consumption in developed countries, the market size of packaging aluminum foil will further expand in the future. It is expected that the sales volume of packaging aluminum foil in China will reach 1.32 million tons by 2026.



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Source: Xianji.com