During the projected period, the kraft block bottom pouch market is anticipated to experience an average CAGR of 4%. The market for kraft block bottom pouches is presently worth US$ 18 billion and is anticipated to grow to US$ 27.7 billion by 2032.
The compact design of the kraft block bottom pouch has increased sales since it makes it possible to be positioned on the shelf effectively. The market share of kraft block bottom pouches is expected to increase as people become more accepting of plastic use in packaging.
What are the Key Dynamics to the Kraft Block Bottom Pouch Market Share?
The rising awareness among people against the use of plastic-based packaging and inclining more towards the use of sustainable and eco-friendly packaging products is expected to drive the sales of kraft block bottom pouch.
Nowadays, the kraft block bottom pouch is highly used in groceries to fill cereals, pulses, and other products, bakeries, confectionery, and at various shops due to their flexibility in sizes.
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The kraft block bottom pouch is available in multiple sizes and capacity ranging from 4 ounces to 16 ounces and can be custom made as per the requirement of the user.
These factors are expected to drive the global kraft block bottom pouch market during the forecast period.
Also, the kraft block bottom pouch can be placed on the shelf and offers excellent printability. It helps vendors in branding and promotion at the point of sale.
Kraft Block Bottom Pouch Market: Dynamics
The rising awareness among people against the use of plastic-based packaging and inclining more towards the use of sustainable and eco-friendly packaging products is expected to drive the global kraft block bottom pouch market. Nowadays, the kraft block bottom pouch is highly used in groceries to fill cereals, pulses, and other products, bakeries, confectionery, and at various shops due to their flexibility in sizes. The kraft block bottom pouch is available in multiple sizes and capacity ranging from 4 ounces to 16 ounces and can be custom made as per the requirement of the user.
These factors are expected to drive the global kraft block bottom pouch market during the forecast period. Also, the kraft block bottom pouch can be placed on the shelf and offers excellent printability. It helps vendors in branding and promotion at the point of sale. Also, the major advantage of these kraft block bottom pouches is that they can be square up in the form of boxes for secure handling. These factors are expected to fuel the demand for the global kraft block bottom pouch market during the next ten years.
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Global Kraft Block Bottom Pouch Market: Regional Outlook
The European region is expected to fuel the demand for the kraft block bottom pouch market during the forecast period. It is owing to the stringent regulations against the use of plastic pouches and bags. In various countries of Europe such as Germany, Italy, Spain, the U.K., France, and among others, the use of plastic based packaging is taxable, i.e., consumers must have to pay if they demand bags.
These factors are anticipated to push the demand for the kraft block bottom pouch in the region. In China, India, Thailand, and Malaysia, the government has imposed a tax on the use of plastic as well as paper bags, and in some parts of India and Thailand, the use of plastic bags is strictly prohibited. These factors are probably fueling the demand for the global kraft block bottom pouch market during the next decade.
How is the Competitive Landscape in the Kraft Block Bottom Pouch Market?
The key players of the kraft block bottom pouch market is focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use as packaging solutions to thrive business. This is driving the sales of kraft block bottom pouch.
Some of the key participating players indulged in the sales of kraft block bottom pouch are:
- Mondi USA, Inc.
- PBFY Flexible Packaging
- Paper Bag Co.
- Swiss Pac USA
- TricorBraun Inc.
- International Plastics, Inc.
- BagInCo International
- BillerudKorsnäs AB
- H-PACK Packaging UK Ltd.
- Mohit Paper Packaging Industry
These markets players are anticipated to drive the kraft block bottom pouch market by introducing new products and expanding geographically.
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Key Segments
By Kraft Paper:
- White Kraft Paper
- Brown Kraft Paper
- Black Kraft Paper
By Capacity:
- Up to 2 Oz
- 2-4 Oz
- 5-10 Oz
- Above 10 Oz
By End Use:
- Retail
- Pharmaceuticals
- Agriculture & Allied Industries
- Building & Construction
- Beverages
- Foodservice
- Chemicals and Fertilizers
- Others
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