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.
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.
According to the most recent study, the pouch market is anticipated to experience a compound annual growth rate (CAGR) of 5.3% from 2022 to 2032. This growth is expected to propel pouch sales from US$ 50.5 billion in 2022 to a projected US$ 84.6 billion by 2032.
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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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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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About the Packaging Division at Future Market Insights
Future Market Insights’ packaging division provides in-depth historical research and estimates for the next ten years, as well as a unique dashboard perspective of the competitive landscape. Future Market Insights offers an extensive database for various market verticals, ranging from packaging materials to packaging machines to package designs and formats, providing clients with unique research services and strategic suggestions. With a library of over 1,000 reports, the team has thoroughly examined the packaging sector in more than 50 nations. The team assesses each node of the value chain and delivers end-to-end research and consulting services; contact us to learn more about how we can assist.
About Future Market Insights (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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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