Consumer preferences are evolving, with more individuals opting for eco-friendly products and packaging. The growing concern over climate change and environmental degradation has spurred a shift towards sustainable choices, which include bio PE pouches. Brands that embrace these packaging solutions can build a positive image and attract environmentally-conscious consumers, further driving the demand for bio PE pouches in the market.
The global bio PE pouches market is anticipated to reach a valuation of US$ 592.4 million in 2023, driven by rapid growth of organic and natural products. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.8% between 2023 and 2033, and reaching a total valuation of approximately US$ 1.0 billion by 2033.
Governments in several countries and regions have implemented or proposed bans on single-use plastics, such as plastic bags, straws, and cutlery. The bans are driven by the recognition of the detrimental effects of plastic waste on ecosystems, marine life, and human health. There is a growing demand for sustainable packaging solutions, like bio PE pouches, that offer a more eco-friendly alternative to single-use plastic pouches.
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Key Players:
- GUALAPACK S.P.A.
- La Granda
- Cardia Bioplastics
- SWISS PAC PVT Ltd.
- Braskem
- Tekpak Solutions
- Sirane Ltd.
- Mondi plc
- Amerplast Ltd.
- Pouch Shop
- Scholle IPN
- Uniflex
- ePac Holdings
- Amcor plc
- Sonoco Products Company
Competitive Landscape:
Key players in the bio PE pouches market are strongly focusing on profit generation from their existing product portfolios along while exploring potential new applications. The players are emphasizing on increasing their bio PE pouches production capacities, to cater to the demand from numerous end use industries. Prominent players are also pushing for geographical expansion to decrease the dependency on imported bio PE pouches.
Recent Developments:
- In 2023, Wipak announced the launch of its new line of bio-based PE pouches that are made from 100% renewable materials and are certified by the European Bioplastics Association.
- In 2023, Alpla announced the launch of its new line of compostable PE pouches that can be disposed of in industrial composting facilities and are certified by the OK Compost Home label.
- In 2022, Smurfit Kappa announced the launch of its new line of sustainable PE pouches that are made from a mix of recycled and renewable materials.
- In 2022, WestRock announced the launch of its new line of high-performance PE pouches that are designed to meet the demanding requirements of a variety of applications.
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Segmentation:
By Product Type:
- Block Bottom
- Side Gusset
- Bottom Gusset
- Spout Pouch
By Capacity:
- Less than 50 OZ
- 50-150 OZ
- More than 150 OZ
By End Use:
- Food & Beverage
- Cosmetics & Personal Care
- Pharmaceutical
- Agriculture
- Homecare
- Other Consumer Goods
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa (MEA)
More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global bio PE pouches market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the bio PE pouches market, the market is segmented on the basis of product type (block bottom, side gusset, bottom gusset, and spout pouch), by capacity (less than 50 oz, 50-150 oz, more than 150 oz), and by end-use (food & beverage, cosmetics & personal care, pharmaceutical, agriculture, homecare, and other consumer goods), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
The packaging team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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