As the recent report published by Fact.MR, the global aluminium bags and pouches market is expected to register a sound CAGR of 5.5% during the forecast period (2017-2022).
[EUPRwire, Thu Nov 22 2018] Growing demand for convenience packaging and importance of extended shelf-life of miscellaneous packaged goods is driving the need for more efficient packaging materials. This is likely to create lucrative growth opportunities for the global aluminium bags and pouches market. Uses of aluminium bags and pouches have grown to a significant extent in recent years. From medicine to beverage to cosmetic – aluminium packaging, in many ways, increase a product’s lasting capacity. Moreover, advancements in packaging technology is further boosting the potentials of aluminium bags and pouches. These packaging materials are being infused with flexible films in order to make them lighter as well as more durable. Aluminium pouches are one of the lightest packaging material in a packaging composite. Lightweight aluminium bags and pouches can help in reducing overall cost of storage and transportation of the product and the packaging itself.
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Fact.MR’s latest report reveals that the global aluminium bag and pouches market is set to stand at over US$ 4,300 Mn by 2022-end, expanding at an above-average CAGR between 2017 and 2022. Increasing importance of longer shelf-life of consumer goods couple with rising popularity of convenience packaging is expected reflect favourably on the global sale of various aluminium packaging items including pouches and bags. Over the years, application of aluminium packaging has significantly increased across domains (pharmaceutical, F&B, and personal care & cosmetics). This is primarily due to the product’s exceptional efficiency. Factors as such are expected to support the growth of the market in the forthcoming years.
Europe to Remain at the Forefront of Global Aluminum Bags and Pouches Market
Europe is expected to lead the global aluminium bags & pouches market in 2017 and the trend is likely to continue throughout the forecast period. The region’s market is projected to grow at a significant rate over the next couple of years. Meanwhile, the market in Asia-Pacific Excluding Japan (APEJ) is set to witness the fastest CAGR between 2017 and 2022.
Strong Demand in Food Packaging
On the basis of application, the food packaging segment is expected to hold the top position in 2017 and beyond. By 2022, the segment is anticipated to surpass a market valuation of US$ 1,600 Mn, reflecting a CAGR of 6.9%.
Aluminum Bags and Pouches with Thickness of 0.09 mm – 0.2 mm will remain Sought-After
Based on material thickness, the 0.09 mm – 0.2 mm segment is expected to remain highly attractive over 2022. Currently, this segment commands for a little less than 50% revenue share of the market and is projected to exhibit an impressive CAGR during the assessment period.
Non-Printed Aluminium Bags & Pouches to Represent a Leading Segment
By printing, the non-printed aluminium bags & pouches segment is expected retain is leading position over 2022. In terms of, this segment currently represent for nearly two-third share of the market and is likely to reach a valuation in excess of US$ 3,200 Mn by 2022-end.
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Key Insights from the Report Include:
- Europe will continue to spearhead the global market for aluminium bags and pouches during the projection period (2017-2022). The market in Europe is anticipated to reflect a steady growth in 2017 and beyond.
- Asia-Pacific Excluding Japan (APEJ)’s market is likely to exhibit a robust CAGR of 6.3% during 2017 to 2022, which is higher than any other region.
- Based on application, demand for aluminium pouches and bags from the food packaging sector will remain relatively high during the assessment period. More than US$ 1,600 Mn worth aluminium pouches and bags are estimated to be used for food packaging over 2022.
- On the basis of material thickness, preference for aluminium pouches and bags with thickness of 0.09 mm – 0.2 mm is expected to remain relatively high during the forecast period. Global sales of aluminium pouches and bags with 0.09 mm – 0.2 mm thickness currently account for nearly 50% share of the market in terms of revenue.
- By printing, demand for non-printed aluminium bags and pouches is expected to gain further traction in the coming years. Global sales of non-printed aluminium pouches and bags presently command over 70% revenue share of the market.
In recent years, there has been relentless transformation in packaging technology, with arrival of new packaging composites. Manufacturers are infusing different materials with aluminium pouches and bags in order to make them tougher and lightweight. Aluminium pouches are among the top lightweight packaging materials that are currently used. Most companies opt for lightweight packaging materials owing to their cost benefits. Therefore, demand for lightweight aluminium bags and pouches
is expected to remain high in the coming years. Feature such as highly flexibility, compactness and durability of aluminium pouches and bags make them suitable for various packaging requirements.
Also, aluminium packaging offer comprehensive protection and preservation of various product characteristics such as flavour and fragrance. Companies are utilizing cutting-edge technologies to increase profit and reduce wastage. Nonetheless, unavailability of these technologies in developing regions remains major market restraint. At the same time, the market is also facing challenges owing stringent environmental regulations on the use of non-biodegradable packaging materials. Aluminium based packaging products may take longer during to degrade as compared to paper based packaging materials.
Pactiv LLC, Amcor Ltd., Bemis Co., Inc., Ess Dee Aluminium Limited, Berry Global Group, Inc., Printpack Inc., Novelis, Inc., Clifton Packaging Group Ltd., Mondi Group plc, and Protective Packaging Ltd. are leading market players mentioned in Fact.MR report. A majority of these companies are actively focusing on introducing innovation and application-specific products in order to meet the requirements of both clients and end-users.
Table of Content:
Chapter 1 Global Outlook
Chapter 2 Global Aluminum Bags & Pouches Market - Executive Summary
Chapter 3 Global Aluminum Bags & Pouches Market Overview
3.1.1 Global Aluminum Bags & Pouches Market Taxonomy
3.1.2 Global Aluminum Bags & Pouches Market Definition
3.2 Global Aluminum Bags & Pouches Market Size (US$ Mn) and Forecast, 2012-2022
3.2.1 Global Aluminum Bags & Pouches Market Y-o-Y Growth
3.3 Global Aluminum Bags & Pouches Market Dynamics
3.4 Supply Chain
3.5 Cost Structure
3.6 Pricing Analysis
3.7 Raw Material Sourcing Strategy and Analysis
3.8 List of Distributors
3.9 Key Participants Market Presence (Intensity Map) By Region
Chapter 4 Global Aluminum Bags & Pouches Market Analysis and Forecast-2012-2022
4.1 Global Aluminum Bags & Pouches Market Size and Forecast, By Material Thickness, 2012-2022
4.1.1 0.007 mm – 0.09 mm Market Size and Forecast, 2012-2022
18.104.22.168 Revenue (US$ Mn) Comparison, By Region
22.214.171.124 Market Share Comparison, By Region
126.96.36.199 Y-o-Y growth Comparison, By Region
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