The pocket containers market is anticipated to reach US$ 429.2 million by 2032, with sales increasing at a moderate CAGR of 4.5% between 2022 and 2032. The market for pocket containers is anticipated to reach an approximate value of US$ 276.4 Mn in 2022. During the forecast period, the use of pocket containers is expected to increase across a number of industrial verticals, including pharmaceuticals, food & beverage, cosmetics, and others.
The need for pocket containers is increasing as a result of the surge in demand for more compact and smaller packaging options. Over the course of the assessment period, it is anticipated that this increased demand would persist and result in a surge in the market’s overall sales for pocket containers. These packaging options are unique, portable, and pocket-friendly devices that may be used to store goods in an organised manner.
Pocket containers, as the name suggests, enable people to carry essential products in their pockets with ease. Thus, pocket containers find usage in diverse end-use industries such as food & beverage, pharmaceutical, cosmetic & personal care, and consumer goods. The rapid expansion of these industries will have a positive impact on the pocket containers market during this period of observation.
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Furthermore, the prevailing trend of miniaturization all over the world has influenced packaging companies to offer packaging solutions that are compact and convenient to carry in pockets. In order to cater to the diverse needs of the customers, many major players in the packaging industry are introducing pocket containers with elements like moisture and heat resistance. This bodes well for the overall target market.
Again, pocket containers are used increasingly in the pharmaceutical and food & beverage sectors, which will presumably generate considerable demand for the product owing to the growing demand for convenient and compact packaging options from the end users. Hence, this growing demand for compact and convenient packaging products that are easy to store in the pockets of consumers will likely bolster the growth of pocket containers market in the upcoming years.
“Rising adoption of pocket containers in cosmetics, food & beverage, and pharmaceutical sector will augment the global sales of the pocket containers market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Rising demand for lightweight and miniaturized packaging options will stimulate market expansion.
- Pocket containers market in the U.S. to reach an estimated US$ 102.1 Mn by 2032.
- Expanding pharmaceutical sector to drive market growth in India.
- Plastic pocket containers segment will generate US$ 150 Mn revenue opportunity.
- In terms of end use, the pharmaceutical sector is dominating the global market space
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Competitive Landscape
Gerresheimer AG, Constar International, CKS Packaging, Alpha Packaging Holdings, TYH Container Enterprises, Vidchem Pvt. ltd., APTACA Spa, USON Plast, Graham Packaging, and Plastipak Packaging among others are some of the major players in the pocket containers market profiled in the full version of the report.
Leading market players are keen on releasing new products in the market to expand their product portfolios. These enterprises are deploying tactics like mergers, acquisitions, collaborations, and partnerships to strengthen their market position.
More Insights into Pocket Containers Market Report
In its latest report, FMI offers an unbiased analysis of the global pocket container market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of material type (plastic (PE, PP, PET), metal), packaging format (flasks, bottles, boxes & cartons), end user (food & beverage, pharmaceutical, cosmetic & personal care, other consumer goods), and region.
According to the latest FMI reports, based on segmentation, the plastic pocket containers segment will likely led the market in terms of revenue. On the basis of end-use, the pharmaceutical sector is likely to lead the market growth.
Based on region, the pocket container market in the United States is expected to reach a value of US$ 102.1 Mn in 2032. The country is the largest consumer of pocket containers. This is due to the high demand for compact, easy and convenient food packaging, the continuous growth of the pharmaceutical industry, and the strong presence of major market player. Apart from the U.S., India’s pocket container market is predicted to exhibit substantial growth due to the established and growing pharmaceutical sector. The country is expected to present many lucrative opportunities to the target market over the forecast period.
Pocket Containers Market Outlook by Category
By Material Type:
- Plastic
- PP
- PET
- PE
- Metal
By Packaging Format:
- Flask
- Bottle
- Boxes & Cartons
By End Use:
- Food & Beverage
- Pharmaceutical
- Cosmetic & Personal Care
- Other Consumer Goods
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
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