Project report for Aluminium Foils

The total aluminium foil production in India is placed at around 35,000 tonne, of which Indal and India Foils account for a little over 50%. Indal is the biggest aluminum foil manufacturer in the country. Aluminum foil industry is growing annually at around 7%. It is used for packaging and non-packaging uses. The growth of this industry has been in the recent past, owing to the growing application of foil in a variety of products. Pharmaceuticals followed by beverages, personal care and a wide range of food and non-food products, semi rigid containers and house foil are the principal applications of aluminium foil in India in the packaging sector. India is the biggest aluminium foil manufacturer in the country.

Aluminium foil is a thin sheet of metal. As such it can be an absolute barrier to moisture, gases, odors, bacteria and molds. Thin foils are fragile and are sometimes laminated with other materials such as plastics or paper to make them stronger and more useful. Aluminium as a packaging material is unmatched owing to its light weight, hygienic and non-contamination which eventually results in longer shelf-life of end products. The high reflectivity of aluminium ensures good protection against radiant heat, whilst its opacity is important in preventing deterioration of a very large range of foods and drinks which are affected by light.

The global aluminum foil market size was valued at INR 1720.450 Crores in 2019 and is expected to advance at a CAGR of 5.3% from 2020 to 2025. Increasing demand from food and pharmaceutical packaging sectors is expected to significantly drive the market over the coming years. The versatility of aluminum foil makes it an ideal material for use in different forms of packaging. Benefits of the product including malleability, strength, dead fold characteristics, and formability are likely to boost the market growth over the forecast period. In addition, the product’s ability to withstand extreme temperature is likely to fuel its demand as a packaging material. The economic growth along with rising middle population with inclining personal disposable income is anticipated to intensify the growth of global aluminium foil packaging market during the forecast period. The change in life style which includes changed food habits has led to inclining demand for packaging. Besides this, robust demand for aluminium foil packaging in snacks and chocolate industry are also strengthening the growth of aluminium foil packaging market all across the globe. Some of the major opportunities in global aluminium foil packaging market includes technological development to enhance the product quality, reduction in plants lossess, inclination in the obtainability of foils in different forms for crucial mass consumption usages and progress in the exportability of aluminium foils.