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Global Aluminium Bags and Pouches Market Estimated to Grow By its Immense Outsourcing Capability, Analyzed till 2022
Fact.MR
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The next section offers an overview of the global aluminum bags and pouches market. This comprises an introduction to the market, along with a standard definition of the product – aluminum bags and pouches. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the aluminum bags and pouches market, the report provides updates about market opportunities, which can benefit leading manufacturers of aluminum bags and pouches. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for aluminum bags and pouches manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
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Key Insights from the Report Include:
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
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.
Competition Tracking
Fact.MR in its report has profiled some of the leading companies operating the global aluminium bags and pouches market, which include Amcor Ltd., Pactiv LLC, Novelis, Inc., Bemis Co., Inc., Clifton Packaging Group Ltd., Ess Dee Aluminium Limited, Mondi Group plc, Berry Global Group, Inc., Protective Packaging Ltd., and Printpack Inc.
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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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