Aluminium Bags and Pouches Market Record a Growth of US$ 4,300 Mn by 2022Posted by Deeksha on October 22nd, 2019 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. 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. Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=331 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. Key Insights from the Report Include:
A Methodology of this Report is Available upon Request @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=331 Competition Tracking 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. Like it? Share it!More by this author |