- Increasing demand for beverages in developing countries is augmenting the demand for aluminum beverage bags.
- Aluminum beverage bags market is expected to get demand from different application areas including pharmaceutical, chemicals, healthcare, paint industries.
- Strict norms regarding the hazardous effects of aluminum from the government are hampering the growth for aluminum beverage bags.
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.
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.
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