The global aluminum pouches market is expected to register a CAGR of 5.9% during the 2022 to 2032 forecast period. According to Future Market Insights, a valuation of US$ 6.9 Billion is projected for the market in 2032. As of 2022, sales of aluminum pouches are likely to total US$ 3.88 Billion.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value of Aluminum Pouches in 2022 | US$ 3.88 Billion |
| Projected Market Value of Aluminum Pouches in 2032 | US$ 6.9 Billion |
| Growth Rate (2022 to 2032) | 5.9% CAGR |
With the advent of modernization, urbanization is also taking over. Both the processes go hand in hand as people seek convenience in the complexity of modern life to make it easy. One such product offering convenience in this fast paced modern life is the Aluminum Pouch.
Aluminum Pouches fulfil various requirements such as providing barrier properties which protect from oxygen, light, and moisture. The aluminum pouches are commonly used in food packaging industries, pharmaceutical packaging, and personal care These factors have led to the increasing demand for Aluminum Pouches as they ensure anti-tampering and anti-counterfeiting through their numerous customization options.
Future Market Insights recent study suggests that the growth of the global Aluminum Pouches market is being driven by the rise in dual earning families and working professionals which has increased the consumption of processed and ready to eat and ready to consume meals.
In addition to this, the FMI report further indicated that chemical industries also use aluminum pouches for packaging of the chemicals which need to be protected from oxygen, UV light, and moisture etc.
Owing to the rising focus of countries to reduce the use of plastic bags and other products which are causing pollution and several health issues. Research shows great potential of Aluminum Pouches that provide all the features such as-
To reach potential outcomes, organizations are investing in intelligent and innovative packaging solutions such as Aluminum Pouches. Moreover, companies in the market are adopting new technology and launching new products. In February 2021, Novalis Inc. invested $300 Mn in China to expand its automotive aluminum capability of Zhenjiang plant to carter growing demand in Japan and Korea.
A pouch is a small flexible bag used for flexible packaging. The aluminum pouch is pouch made of the aluminum, and aluminum foil coating. The aluminum coating provides barrier properties which protect from oxygen, light, and moisture. The aluminum pouches are commonly used in food packaging industries, pharmaceutical packaging, and personal care.
Aluminum pouches are used for keeping food, eatables and other items to be safe and fresh. The barrier properties of aluminum pouches increase the shelf life of the product. The aluminum pouches are used for retort packaging. The retort process provides the food product to remain fresh and safe for a long time. The aluminum pouches are used for RTE (ready-to-eat) and RTC (ready-to-consume) food packaging.
Pouches are used as an alternative to bottles and cans in food and beverages packaging. Aluminum pouches are available in various types such as aluminum stand up pouches, aluminum zipper pouches. The aluminum pouches have various properties such as abrasive resistant, heat resistant, contamination free, light in weight, hygienic packaging, etc.
The aluminum pouch market is driven by food, beverages, computer equipment and pharmaceutical industries. The aluminum pouches are also used for the liquid or fluid packaging.
The market for aluminum pouches is expected to grow significantly over the forecast period 2017-2025. The aluminum pouches market is mostly driven by the food & beverages, healthcare, chemical industries. Food industries use the aluminum pouches for the purpose of the retort packaging.
The major factor contributing towards the growth of aluminum pouches market is the rise in dual earning families and working professionals which has increased the consumption of processed and ready to eat and ready to consume meals. This other factors that have increased the demand for convenient and high value added packaging solutions.
The aluminum pouches provide the barrier properties which protect the food products from contamination and germs. The aluminum pouches are also used in the pharmaceutical industries for the packaging of the medicines which require barrier packaging. Chemical industries also use aluminum pouches for packaging of the chemicals which need to be protected from oxygen, UV light, and moisture etc.
The aluminum pouch market is propelled by the retort pouch market as the retort pouches are mostly made up of an aluminum layer. The hindrance in the growth of aluminum pouches market is the alternate products which have some additional features such as transparent and may be cost effective.
Globally the aluminum pouch market may be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). Among these, the Asia-Pacific and Europe region are supposed to be the major players of the aluminum pouch market across the world.
Some of the Key players that operate in global aluminum pouches market are Beufy Group Ltd., Amcor Limited, Packman Industries, Paras Pack Ltd., Mondi Group, Rotek Industries, Premiere polymers, Avonflex Ltd., Akey Group, Cl synergy Pvt. Ltd., Vserve printing and packaging, Polypouch UK Ltd, Era Classic Printers, Platinum polymers, Swisspack Uk Ltd, and others.
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 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, macroeconomic 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 global aluminum pouches market is segmented on the basis of the product type, on the basis of size, on the basis of thickness and on the basis of end user base.
On the basis of product type, the aluminum pouches can be of various types such as
On the basis of size, the aluminum pouches can be of various sizes such as
On the basis of the thickness, the aluminum pouches can be made with the varying thickness such as
On the basis of the end-user base, the aluminum pouches can be used in
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Aluminum Pouches Market
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