Aluminum laminated film, also known as aluminum foil composite film, is a multi-layered film consisting of an aluminum foil between two substrate layers. The substrate layers are usually thermoplastic polymers like polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC) etc. Aluminum laminated films are widely used in flexible packaging applications due to their desirable moisture and oxygen barrier properties, oil resistance and flame resistance.
These films help extend shelf life of food and pharmaceutical products by preventing oxygen from reacting with contents inside the package. They are also increasingly being used for packaging consumer electronics like batteries, flexible OLED displays and printed circuit boards owing to their ability to provide electromagnetic shielding and protection against corrosion.
The Global Aluminum Laminated Film Market is estimated to be valued at US$ 60.06 Mn in 2024 and is expected to exhibit a CAGR of 16.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Aluminum Laminated Film are Showa Denko K.K., Avocet Steel Strip Ltd., TandT Enertechno Co., Ltd., Daoming Optics and Chemical Co., Ltd., Nanografi Co. Inc., AME Energy Company, Dai Nippon Printing Co., Ltd., Selen Science and Technology Co., Ltd., Targray Technology International, and Gelon LIB Group.
Aluminum Laminated Films Market Demand include growing flexography printing industry and increasing interest in printed battery technologies such as lithium-ion batteries.
Technological advancements like development of thinner aluminum layers and improved adhesive systems for enhancing moisture and gas barrier properties are expanding application scope of aluminum laminated films.
Market Drivers:
The primary market driver for aluminum laminated films is the rising demand for flexible packaging from food and pharmaceutical industries. The increasing market for electronic devices and wearable technologies is also propelling the Aluminium laminated film market used in flexible electronics packaging. The growing popularity of printed, flexible batteries further drives the aluminum laminated film market as they are widely used as electrode current collectors and package encapsulation layers in such batteries.
Current Challenges in Aluminum Laminated Film Market
The aluminum laminated films market is facing challenges due rising raw material prices and supply chain disruptions. Aluminum prices have witnessed substantial volatility over the past year pushing up production costs for manufacturers. In addition, disruptions caused by the
The primary market driver for aluminum laminated films is the rising demand for flexible packaging from food and pharmaceutical industries. The increasing market for electronic devices and wearable technologies is also propelling the demand for aluminum laminated films market demand used in flexible electronics packaging. The growing popularity of printed, flexible batteries further drives the aluminum laminated film market as they are widely used as electrode current collectors and package encapsulation layers in such batteries.
Covid-19 pandemic have impacted supply of key raw materials and disrupted logistics channels. This has hampered timely deliveries impacting projects of end-use industries. Fluctuations in foreign exchange rates is another factor adding to input costs pressures.
SWOT Analysis
Strength: Excellent barrier properties against moisture, oxygen etc. making films suitable for packaging of food & other products. Weakness: High capital requirement for setting up manufacturing facilities. Opportunity: Growing demand from food packaging and pharmaceutical industries due to excellent barrier attributes. Threats:Availability of substitute packaging materials like polymers film poses competition.
Geographical Regions
The aluminium laminated film market in terms of value is currently concentrated in Asia Pacific region attributed to large food packaging industry. Within Asia, China accounts for the biggest share due to presence of large domestic food brands and manufacturing base. North America is another major regional market led by USA.
Fastest Growing Geographical Region
The aluminium laminated film market is forecast to witness fastest growth in the Middle East & Africa region over the forecast period. This can be attributed to expanding food processing sector across African countries and growing pharmaceutical industry in the Middle East. Countries like UAE, Saudi Arabia, South Africa etc are driving new opportunities for aluminium laminated films market in the region.
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