Fact.MR has projected over 6% CAGR for aluminium bag and pouch sales during 2021-2031. In terms of volume, demand is expected to increase at around 5.7% CAGR over the same period.
As per Fact.MR’s projections, together, APEJ and Europe are projected to hold around more than 55% market share through 2031. China, Japan, India, Germany, Russia, and Thailand are markets expanding at high CAGRs
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections for Sales & Demand of Aluminium Bags and Pouches, its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies.
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Key Segments Covered of Aluminium Foil Packaging Market
- 0.007 – 0.09 Aluminium Bags and Pouches
- 0.09 – 0.2 Aluminium Bags and Pouches
- 0.2 – 0.4 Aluminium Bags and Pouches
- Printed Aluminium Bags and Pouches
- Non-printed Aluminium Bags and Pouches
- Aluminium Bags and Pouches for Food Packaging
- Aluminium Bags and Pouches for Beverage Packaging
- Aluminium Bags and Pouches for Pharmaceutical Packaging
- Aluminium Bags and Pouches for Personal Care & Cosmetics Packaging
- North America
- Latin America
We leverage space-age industrial and digitalization tools to provide avant-garde actionable Aluminium Bags and Pouches Market insights to our clients.
SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player, both at global and regional levels.
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This report gives you access to decisive data such as:
- Demand of Aluminium Bags and Pouches Market & Growth drivers
- Factors limiting Aluminium Bags and Pouches market growth
- Current key trends of Aluminium Bags and Pouches Market
- Market Size of Aluminium Bags and Pouches and Aluminium Bags and Pouches Sales projections for the coming years
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Aluminium Bags and Pouches Market that are developing the current market scenario and which will be lucrative for the future demand of Aluminium Bags and Pouches Market.
Crucial insights in Aluminium Bags and Pouches market research report:
- Underlying macro- and microeconomic factors impacting the Sales of Aluminium Bags and Pouches market.
- Basic overview of the Aluminium Bags and Pouches, including market definition, classification, and applications.
- Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend and supply side analysis of Aluminium Bags and Pouches across various industries.
- Important regions and countries offering lucrative opportunities to market stakeholders.
The aluminium bags and pouches market is dependent on aluminium, which is regulated by local bodies who fluctuate and try to manipulate the prices of raw aluminium according to their needs, owing to which, production costs vary, consequently hampering the margins of manufacturers.
In May 2021, global aluminium prices struck a three year high landing at US$ 2,535 per ton. Besides, increasing aluminium imports by key countries has further led to a swing in prices. In April 2021, China’s aluminium imports increased 36.1% as compared to March 2021. Surge in raw material prices are imparting a moderate degree roadblock for demand.
APEJ is the largest producer and consumer of aluminium bags and pouches. The market in APEJ is expected to whiteness double-digit growth. With its fast-growing urban population, China currently holds nearly one-third of regional demand. Fast food sector, especially takeaway meals, has been on a significant surge in China, consequently leading to swelled demand for aluminium bags and pouches.
Apart from the U.S., China, and South Korea have started to become epicenter for pharmaceutical products, which have been vacuuming in aluminium bags and pouches. By 2023, China’s pharmaceutical industry is expected to cross US$ 160 Bn, creating significant opportunity for pharmaceutical packaging products, including aluminium bags and pouches.
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The Demand of Aluminium Bags and Pouches Market study includes the current market scenario on the global platform and also Sales of Aluminium Bags and Pouches Market development during the forecast period.
The Market insights of Aluminium Bags and Pouches will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Aluminium Bags and Pouches Market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Aluminium Bags and Pouches market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Aluminium Bags and Pouches market .
While tier-1 companies account for over one-third of the share, the tier-2 and tier-3 players have strong regional hold in their domestic markets. Majority of companies have focused on product launches and expansion of manufacturing units in developing regions.
Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.
- On 9 February 2021, Novalis Inc. has invested $300 Mn in China to expand its automotive aluminium capability of Zhenjiang plant to carter growing demand in Japan and Korea.
- On 25 November 2019, Hulamin Ltd. Has acquired aluminium rolling slab business of Isizinda Aluminium. The acquisition will help company in expansion as well as it will become leader in the South Africa.
- In April 2019, Amcor Amlite Ultra recyclable made from high barrier polyolefin film. It can be used across an array of applications including food, home and personal care, and pharmaceuticals.
Similarly, recent developments related to companies manufacturing aluminium bags and pouches have been tracked by the team at Fact.MR, which are available in the full report.
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