The global pocket containers market is poised to experience significant growth, reaching a value of US$429.2 million by 2032. It is projected to expand at a moderate compound annual growth rate (CAGR) of 4.5% from 2022 to 2032. The market was valued at over US$276.4 million in 2022. The increasing utilization of pocket containers across various sectors, including pharmaceuticals, food and beverage, cosmetics, and others, is driving this growth.
The growing demand for compact and portable packaging solutions has led to the rising popularity of pocket containers. These containers offer convenience, portability, and easy fitting into pockets, making them suitable for storing essential products. Consequently, they find applications in diverse industries such as food and beverage, pharmaceuticals, cosmetics, personal care, and consumer goods. The rapid growth of these industries is expected to have a positive impact on the pocket containers market.
Packaging companies are proactively responding to the global trend of miniaturization by introducing compact and convenient packaging solutions. Pocket containers are being designed to provide moisture and heat resistance, catering to the diverse needs of customers. This aligns well with the increasing demand for compact and convenient packaging options from end-users, particularly in the pharmaceutical and food and beverage sectors. Therefore, the demand for pocket containers is expected to witness significant growth in the coming years.
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“Rising adoption of pocket containers in cosmetics, food & beverage, and pharmaceutical sector will augment the global sales of the pocket containers market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Rising demand for lightweight and miniaturized packaging options will stimulate market expansion.
- Pocket containers market in the U.S. to reach an estimated US$ 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
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.
Regional Analysis:
U.S.: Growing Food Industry Drives Pocket Containers Market
The food industry in the U.S. plays a significant role in augmenting the sales of pocket containers. With the food segment accounting for a significant share of average household expenditure, there is a growing demand for compact and convenient packaging solutions. The U.S. is the largest consumer of pocket containers and is expected to reach a market valuation of US$ 102.1 million by 2032. Factors such as consumer preference for on-the-go and ready-to-eat meals, the rapid growth of the pharmaceutical industry, and the presence of leading packaging giants contribute to the growth of the pocket containers market in the country.
India: Surging Pharmaceutical Production Boosts Pocket Containers Demand
India is emerging as a lucrative market for pocket containers, driven by the rapid expansion of the pharmaceutical, cosmetics, and personal care sectors. The country benefits from easy availability of raw materials at lower prices and increasing consumer spending. The pharmaceutical industry in India has witnessed significant growth, fueled by rising exports, investments in research and development, and government support. The domestic pharmaceutical market in India is projected to reach US$ 120-130 billion by 2030. With increasing drug and pharmaceutical exports, the demand for pocket containers in India is expected to grow steadily. Additionally, the food and beverage industry in India also contributes to the demand for pocket containers
Key Questions Addressed by the Report
- What are the growth opportunities in the pocket containers market?
- What are the major raw materials used for manufacturing pocket containers market?
- What are the key factors affecting market dynamics?
- What are some of the significant challenges and restraints that the industry faces?
- Which are the key players operating in the market, and what initiatives have they undertaken over the past few years?
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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
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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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