The global aluminium beverage bags market leads to an estimated CAGR of 4.5% in the global market during the forecast period and registers a revenue valued at US$ 53 Bn in 2022 and is expected to cross US$ 76 Bn by 2032.
| Attributes | Details |
|---|---|
| Aluminum Beverage Bags Market Size (2022) | US$ 53 Billion |
| Aluminum Beverage Bags Market Size (2032) | US$ 76 Billion |
| Aluminum Beverage Bags Market CAGR | 4.5% |
The hankering for different types of beverages is increasing, especially in developing countries owing to high economic growth, expanding urban population and the increase in per capita income. These factors are expected to be major drivers that propel aluminum beverage bag sales.
Certain brands are using aluminum pouches with gussets to contain, for instance, all-natural mineral water infused with extra molecular hydrogen. This is because, hydrogen can only effectively be contained in aluminum, and if one were to use plastic or glass, hydrogen would collapse.
These pouches have thick layers of aluminum to keep hydrogen sealed inside and keep the water chilled longer. As a consequence of end-user demands, manufacturers are making aluminium beverage bags vibrant enough to catch the consumer’s attention and remember the brand. Manufacturers are offering either a Ziplock function for these pouches or an easy-pour spout.
These spouts either have a twist-off cap or a click-on cap. Moreover, manufacturers are providing a high barrier for fresher coffee owing to aluminum coffee pods which are recyclable and a premium option for the shelf life of coffee.
Additionally, the CapLid colour solution is being considered to increase consumer appeal and create product differentiation, especially for coffee products. In compliance with EU and FDA, these multi-colour printed aluminum lidding for coffee capsules are designed to offer the highest standards of safety.
Brands are now utilizing the power of technology to build relationships with their customers and enhance the at-home experience. Various digital packaging systems provide brands with a range of tools through two-way, personalized, and targeted conversations.
Recyclable aluminum rigid containers or aluminum pouches are now being considered to cater to the huge trend of durable, reusable dispensers or durable, reusable rigid containers that are meant to be kept in kitchens or even in the bathroom.
Apart from expanding its applications, manufacturers are further analyzing the environmental impact of aluminum beverage bags through all stages of production, from raw material extraction through distribution, to determine where changes could be made to reduce its carbon footprint.
Likewise, pouches with safe packaging solutions for manufacturers of children’s food products are being extensively focused on. These pouches feature easy-grip and choke-avoidance caps. The pouches are expected to offer convenience and reassurance for busy parents and allow children to easily access and consume food products more safely under parental supervision.
These pouches are made of high-barrier laminate materials for optimal production, and manufacturers ensure that the pouches undergo 100% in-line inspection of the spout sealing area during production, offering high assurance of leak-proof reliability.
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Packaging market has presented a wide assortment of single-serve packaging frameworks into the market. Aluminum beverage bags are now gaining attention in the packaging industry with simpler, more secure, speedier, powerful and efficient methods for storage of different beverages.
Light weight feature of aluminum beverage bags gives it an upper edge over other beverage packaging formats ultimately leading to higher adoption by most of the beverage companies.
Aluminum beverage bags are leak proof, have unique appearance and comes in different sizes for the storage of beverages. Aluminum beverage bags market is expected to get demand from different application areas including pharmaceutical, chemicals, healthcare, paint industries amongst others.
The presence of recognized retailers requires FMCG companies to improve the packaging solutions for beverages. Most of the brand retailers now look out to optimize their shelf space available for storage and this is expected to positively impact the demand for global aluminum beverage bags.
Increasing demand for beverages owing to changing lifestyle for the developing countries across the globe is also augmenting the demand for aluminum beverage bags. High economic growth for the emerging economies such as China, India, and Brazil with the growing urban population and increase in per capita disposable income will propel the growth for aluminum beverage bags on a global level over the next five to six years.
In addition to this, strict norms regarding the hazardous effect by the usage of aluminum from the government are hampering the growth for aluminum beverage bags. Aluminum beverage bags market is also hampered by the volatility in the raw material prices for manufacturing.
Principal Consultant
The global aluminum beverage bags can be segmented on the basis of region such as:
The market in North America for aluminum beverage bags is to remain an influence for the highest growth in value as compared to other regions over the forecasted period, 2017-2025. Latin America aluminum beverage bags market is expected to witness above average growth for the next few years.
The economic development of Brazil is projected to have a positive impact on the market for aluminum beverage bags. In Western Europe, Germany, France, and the UK are expected to be the most attractive market and would be having a substantial growth of aluminum beverage bags over the forecast period. Eastern Europe is also expected to have considerable growth in Russia and Poland for aluminum beverage bags.
The market in China and India for aluminum beverage bags are expected to have significant growth regarding revenue owing to technological advancements in the aluminum industries for these emerging economies. Furthermore, markets for aluminum beverage bags in other regions of Asia-Pacific are also expected to have growth due to increase in disposable income and spending power among the consumers of these countries.
The aluminum beverage bags in the MEA region is expected to witness a noticeable increase in the revenue contribution of the sales with higher demand expected from GGC and South Africa region
Global Aluminum Beverage Bags - Key Players:
Some of the key players for aluminum beverage bags are Amcor Limited, EXAL Corporation, Wapo Corporation, Co-Pack Inc., Jensen Inert Products, Huangshan Sinoflex Packaging Co., Ltd, Fangjie Printing & Packaging Co., Ltd., Lequn Plastic Co., Ltd., etc.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The aluminum beverage bags can be segmented by the capacity, and by end use.
On the basis of capacity, the global Aluminum Beverage Bags is segmented into:
On the basis of end use industry, the global Aluminum Beverage Bags is segmented into
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Aluminum Beverage Bags Market
