Global Aluminum Bags and Pouches Market Trend, Opportunities & Competition Tracking till 2022

Posted on 2018-06-21 by Mark Hub in Industrial, Retail // 0 Comments

ROCKVILLE, US, 2018-Jun-21 — /EPR Network/ — A recent offering by Fact. MR focusing on the exclusive updates and opportunities in the Global Aluminium Bags and Pouches Market has been broadcasted to its mega-repository. This _ page study is titled as “Aluminum Bags and Pouches Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022”, which acts as an essential tool for various prime players involved in the manufacturing of Funeral Products & Services Market. Besides, the report can support readers to gain sharp insights into the market with which they can make informed decisions and also frame effective key strategies for the future. With an extensive forecast to 2022, the study aims to provide a holistic perspective on the market’s growth in terms of revenue in US$ Mn and CAGR.

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Rapid advancements in technology has continued to transform packaging techniques globally. As customers prefer placing orders for food products through online portals, retail outlets are looking for innovative packaging solutions. With the growing demand for hot and fresh food products through online portals, leading manufacturers are increasingly focusing on incorporating innovative solutions in the food packages. Capitalizing on this opportunity, the leading food companies are increasingly focusing on offering versatile features in the food packaging products to gain a competitive edge over the other market players.

In order to offer better customer experience, the leading manufacturers are increasingly focusing on integrating water resistant and chemical resistant features. In addition, growing need for long-term preservation of food products has led the manufacturers to utilize aluminium bags and pouches within the food packages. Besides freshness, packaging food products within aluminium bags and pouches also helps in preserving the flavor. Incorporation of lockable features to maintain the quality and flavor of the food products is also likely to fuel demand in the aluminium bags and pouches globally. With the growing demand for protective and convenient packaging solutions, demand for the aluminium bags and pouches is expected to remain high among the food and beverage retailers.

Over US$ 4,300 Mn Opportunity in Global Aluminium Bags and Pouches Market

According to Fact.MR, the global aluminium bags and pouches market is expected to reach more than US$ 4,300 Mn by the end of 2022. As the need to deliver fresh food products continue to persist in the food industry, retail outlets are focusing on opting for durable packages. In order to improve customer experience, the leading food packaging companies are offering lightweight and resilient packaging solutions. Besides food products, demand for the aluminium bags and pouches will also remain concentrated towards application in the pharmaceutical, cosmetics, and personal care industries. However, growing concerns regarding environmental degradation attributed to non-biodegradable packaging waste has led government in various countries to impose strict regulations.

As the need for deliver hot and fresh food products among retailers continues to persist, demand for aluminium bags and pouches for food packaging is expected to increase. In terms of revenues, food packaging is expected to witness highest growth in the global market by the end of 2022. In order to offer resilient packaging solutions, the manufacturers are opting for packaging materials with thickness of 0.09 mm-0.2 mm. Packaging materials with 0.09mm-0.2mm material thickness is expected to account for less than 50% of the revenue share in the global market through 2022.

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Growing preference for packages that preserve the freshness of the food products, demand for non-printable aluminium bags and pouches is expected to remain high. The non-printable aluminium bags & pouches is expected to record nearly two-thirds of the market share by the end of 2022.

Major market players operating in the global market include Amcor Ltd., Pactiv LLC, Ess Dee Aluminium Limited, Bemis Co., Inc., Printpack Inc., Berry Global Group, Inc., Clifton Packaging Group Ltd., Novelis, Inc., Protective Packaging Ltd. and Mondi Group plc. Leading market players are focusing on developing application-specific and innovative products to cater to the needs of end users and clients.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods Market Research Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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