The market for beverage bags made of aluminum is predicted to grow at a rate of 4.5% over the course of the forecast period, reaching a revenue of US$53 billion in 2022 and US$76 billion by 2032.
Due to rapid economic expansion, a growing urban population, and rising per capita income, there is an increased desire for various sorts of beverages, particularly in developing nations. These elements are anticipated to be the main propellants of aluminium beverage bag sales.
Aluminum pouches with gussets are a common packaging choice for some companies. They can be used to hold things like pure mineral water that has been given extra molecular hydrogen. This is due to the fact that aluminium is the only material that can successfully hold hydrogen; if one were to use plastic or glass, hydrogen
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Global Aluminum Beverage Bags – Market Dynamics
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.
Global Aluminum Beverage Bags – Regional Overview
The global aluminum beverage bags can be segmented on the basis of region such as:
- North America
- Latin America
- Eastern Europe
- Western Europe
- APEJ
- Middle East & Africa
- Japan
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
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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.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina)
- Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
- Eastern Europe (Russia, Poland)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
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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Global Aluminum Beverage Bags – Market Segmentation
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:
- 500ml
- 1 lit
- 1.5 lit
- 5 lit
On the basis of end use industry, the global Aluminum Beverage Bags is segmented into
- Food & Beverage
- Pharmaceuticals
- Chemical
- Personal care & Cosmetic
- Others
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