The global box pouch market share is anticipated to be valued at US$ 488.6 Mn in 2022 and is projected to reach US$ 695.9 Mn by 2032. The demand for box pouches is projected to rise at an average CAGR of 3.6% during the forecast period.
Manufacturers are putting greater focus on unique packaging concepts to promote product awareness and widen their marketing horizons in order to boost the sales of box pouches. One of the box pouch market trends that are gaining popularity among producers of both sturdy and liquid packaging is flexible packaging. A flexible free-standing pouch with a flat bottom and additional product storage space is known as a box pouch.
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Box Pouch Market: Key players
Key players of the global box pouch market are
- Accredo Packaging, Inc.,
- Totani Corporation,
- Ampac Holdings LLC,
- Flex Pack Ltd.,
- Mondi Group, and
- Swiss Pac Pvt. Ltd.
Recent Developments in the Box Pouch Market:
- Amcor and Nestlé introduced the recyclable flexible retort pouches in September 2021. Starting with wet cat food, the product is supposed to reduce the environmental impact of consumer packaging by up to 60%.
- Mondi and Henkel teamed up in August 2022 to create a brand-new reusable packaging concept. Their main objective is to assist customers in dishwashing more sustainably. The two businesses collaborated on a packaging option that enables refilling plastic bottles using flexible pouches for Henkel’s hand dishwashing solutions.
- This helps Henkel achieve its sustainability goals of lowering virgin plastic made from fossil fuels by 50% by 2025 and making all of its packaging recyclable or reused.
- For a brand-new premium food company, Clondalkin Flexible Packaging Grootegast created a cutting-edge stand-up pouch in February 2020. Bayer’s Minigustos brand is marketed as the first premium name in tastier, crunchier, and more visually appealing snack vegetables with a longer shelf life. A snack cucumber is the first vegetable to be made available under the Minigustos brand.
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Box Pouch: Market Dynamics
Rising demand from consumers for convenient food packaging is a key factor driving the demand for the global box pouch market. Box pouches offer an aesthetic appeal and portability convenience to the consumers. Box pouches require less raw material and can be shipped at lower costs in comparison to rigid packaging types which works in favor of the manufacturers.
This is a key factor driving the growth of the global box pouch market. Box pouches can be decorated with varnish, embossing which makes them suitable for gifting purposes. Box pouches are comparatively priced higher than its flexible counterparts which is one key factor restraining the growth of the global box pouch market.
In order to face the stiff competition from the stand up pouches market, box pouch manufacturers should focus on innovations of the box pouch which is expected to create an opportunity for the global box pouch market. Innovative pouch packaging to make dispensing easier is a key trend prevailing in the global box pouch market.
Box Pouch: Market Segmentation
The global box pouch market is segmented on the basis of product type, end use, closing type, and geography. On the basis of product type, the global box pouch market is segmented into flat bottom full gusset, flat bottom terminated gusset, pinch bottom, and flat top & bottom. On the basis of end use, the global box pouch market is segmented into pet food & treats, confectionery, tea & coffee, and dried fruits & nuts.
On the basis of closing type, the global box pouch market is segmented into press to close zipper, hooded sliders, and slide closure with end clip. On the basis of geography, the global box pouch market is segmented into Latin America, North America, Middle East & Africa, Asia Pacific, and Europe.
Box Pouch Market: Regional Outlook
Geographically, North America is leading the global box pouch market owing to improving economic outlook, technological advancement, and increasing use of single use packaging types. North America is followed by Europe. Asia Pacific countries such as India are expected to show steady growth over the forecast period owing to demand for small packs, and changing consumer preferences.
Middle East & Africa region is anticipated to exhibit moderate growth during the forecast period owing to growing economy and a low inflation rate. Latin America is expected to witness sluggish growth over the forecast period owing to deteriorating economic conditions, high unemployment ratio and rising inflation rates.
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