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.
One of the major factors contributing to the growth of the bio PE pouches market is the increasing focus on environmental regulations and sustainability initiatives. Governments and regulatory bodies across the world are implementing stringent measures to limit the use of single-use plastics and encourage the adoption of biodegradable and compostable materials. The regulations are driving manufacturers and businesses to invest in sustainable packaging solutions like bio PE pouches to comply with these environmental standards and reduce their environmental footprint.
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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 rising awareness of the adverse impacts of plastic waste on marine and terrestrial ecosystems is driving consumers and businesses to seek alternatives. Bio PE pouches, being biodegradable and compostable, offer a solution to reduce plastic waste and its harmful effects on the environment.
Key Takeaways from the Market Study
- Global bio PE pouches market was valued at US$ 560.0 million by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 3.2%.
- Europe is expected to hold a dominant CAGR of 5.7% during the forecast period.
- By product type, spout pouch segment is expected to constitute a CAGR of 5.7% in 2033.
- On the basis of end-use, food & beverage segment is expected to dominate the market with a CAGR of 5.7% in 2033.
- From 2023 to 2033, bio PE pouches market is expected to flourish at a CAGR of 5.8%.
- By 2033, the market value of bio PE pouches is expected to reach US$ 1.0 billion.
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Circular economy initiatives, across the globe, is a major factor that is expected to propel the growth of the bio PE pouches market in the near future, remarks an FMI analyst.
Competitive Landscape
Prominent players in the bio PE pouches market are 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, and Sonoco Products Company, among others.
Recent Developments:
- In 2023, Tetra Pak announced the launch of its new line of aseptic PE pouches that are designed to extend the shelf life of food products and reduce food waste.
- In 2022, Graphic Packaging International announced the launch of its new line of customized PE pouches that can be customized to meet the specific needs of individual customers.
- In 2021, Amcor announced the launch of its new line of bio-based PE pouches that are made from 100% renewable materials.
- In 2021, Huhtamaki announced the launch of its new line of compostable PE pouches that can be disposed of in industrial composting facilities.
- In 2021, Mondi Group announced the launch of its new line of recyclable PE pouches that are made from recycled materials and can be recycled in standard paper recycling streams.
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)).
Key Segments Profiled In The Global Bio PE Pouches Market
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)
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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