Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. “Aluminium Bags and Pouches Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022” Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global aluminium bags and pouches market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the forecast period.
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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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