The global pouch market is predicted to rise with a CAGR of 5.3% over the forecast period, according to Future Market Insights. Applications in food & beverages, healthcare, personal care & cosmetics, and home care are fuelling the sales in the market. Increasing demand for low-cost, convenient, shelf-appealing, and lightweight packaging will also propel the growth in the market.
Pouches use less material in their production, making them less costly than rigid packaging formats. Furthermore, due to their light weight and flexibility, CPG companies are gradually choosing pouches over rigid packaging products like composite cans, containers, boxes, etc. to reduce shipping costs.
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Flat pouches take up less room in retail stores and can be readily stacked on top of one another, allowing for more product display than other packaging styles. Furthermore, consumers find stand-up pouches on retail shelves more appealing, and the packaging format offers a larger surface area on which high-quality graphics may be printed, resulting in the product type grabbing customer attention in retail outlets more easily than bottles and boxes.
Key Takeaways from Pouch Market
· In terms of material, the metal/foil segment is expected to dominate the global market over the forecast period.
· Based on product type, the stand-up pouches will account for 85% of demand share in the forecast period, growing at a CAGR of 6.1%
· Asia Pacific pouch market is to hold about 24% of the global market share during the forecast period.
· South Asia is anticipated to be the most attractive region for the pouch market during the forecast period owing to the growing food and beverages industry in India and China.
“To enhance convenience and streamlined e-Commerce operations, an increasing number of food and beverage firms are resorting to flexible packaging. This is driving the demand for pouch packaging solutions”–comments FMI Analyst
Pouch Market Landscape
- Amcor,
- Smurfit Kappa Group,
- Sonoco Company Ltd.,
- Mondi Plc,
- Sealed Air,
- Huhtamaki Oyj,
- Constantia Flexibles,
- Coveries,
- Clondalkin Group,
- Goglio Spa,
- Wipf Holding AG,
- KOROZO,
- Proampac,
- Gualapack S.p.A.,
- Daklapack Group.
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How Big is the Opportunity for the U.S. Pouch Market?
“Expansion of Retail Industry to Push the Sales of Pouch Packaging Solutions”
According to FMI, the U.S. pouch market is expected to dominate on the back of expansion of retail industry and manufacturers are continuously endeavoring to cater to diverse buyer preferences. As consumers become more ecologically sensitive, request for retail packaging in pouches is likely to increase.
Most enterprises are expanding their production lines of retail packaging pouches, which is anticipated to result in growing demand for pouch packaging. Furthermore, consumer suitability trends such as reusable, re-closable, and easy carriage are key drivers for the growing demand for pouches across the U.S.
Pouch Market by Category
By Material:
- Plastic
- Metal/Foil
- Paper
By Product:
- Stand up
- Flat Pouch
- Rollstock
By End Use:
- Food & Beverages
- Pharmaceuticals
- Cosmetic & Personal Care
- Consumer Electronics
- Homecare
- Automotive
- Chemicals
By Region:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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