Aluminum bags provide excellent barrier protection against moisture, oxygen and light, thereby extending the shelf life of packaged products. They are increasingly being used for packaging of dried foods, pet foods, nutritional supplements and medical products due to their superior barrier properties. Aluminum bags have high tensile strength and are easy to print and label on. They maintain product freshness and quality while also providing tamper evidence. Their barrier protection allows food manufacturers to reduce preservatives in packaged products.
The global aluminum bag market is estimated to be valued at US$ 3.5 billion in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Aluminum Bag Market is Expected to be Flourished by Increased Adoption for Packaging of various Products
Increased adoption for packaging of various products: Aluminum bags offer excellent barrier protection against oxygen, moisture, and light. This extends the shelf life of packaged products without requiring additional preservatives. They are increasingly being used by food manufacturers and retailers for packaging of dried foods, snacks, nuts, pet foods and other products to maintain freshness. The superior barrier properties of aluminum bags allow wider applications in packaging which is expected to drive their demand over the forecast period.
Extended shelf life enhances transportability: Aluminum bags ensure packaged products remain fresh for longer durations. This eases storage and transportation of products across long distances. It reduces spoilage loss for manufacturers and enhances supply chain efficiency. The extended shelf life provided by aluminum bags boosts their utility for logistics and transport of various packaged goods.
The global aluminum bag market is dominated by flexible aluminum bags. Flexible aluminum bags hold around 70% of market share owing to their wide use in food, pet food and other industrial applications that require barrier properties. Flexible aluminum bags provide moisture protection and flexibility for packaging various products. Rigid aluminum bags account for the remaining 30% share and are majorly used for packaging cement, construction materials and other bulk commodities.
Political: There are no significant political risks affecting the aluminum bag market globally. Countries support packaging industries for economic growth and job creation.
Economic: The market is expected to grow moderately during the forecast period backed by increasing disposable incomes, rising demand from food packaging applications and infrastructure development activities worldwide. Volatility in raw material prices may impact production costs.
Social: Rising health awareness is fueling the demand for barrier packaging like aluminum bags for food items to prevent spoilage. Aluminum provides long shelf-life for products. Growing e-commerce is boosting packaging consumption.
Technological: Advances in bag making machinery allow high output with reduced wastage. Development of aluminum laminates with polymers provides strength as well as barrier protection. New coating techniques prolong product life inside aluminum packaging.
The Global Aluminum Bag Market Size is expected to witness high growth.
Regional analysis comprises- The Asia Pacific region dominates the market with over 40% share led by China, India and other developing nations. Rapid industrialization and rising food packaging consumption drive the Asia Pacific aluminum bag market.
Key players operating in the aluminum bag market are Amcor, Bemis Company, Berry Global, Mondi, Sealed Air, Sonoco Products and Wipak Group. Key players analysis- Amcor offers various flexible and rigid aluminum packaging for food and building industries. Berry Global provides complete barrier solution utilizing aluminum for polyethylene and OPP packaging films.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it