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.
In recent decades, European markets have taken center stage in the Bio PE pouches industry, and they continue to play a vital role. The region is expected to maintain its significance with a projected Compound Annual Growth Rate (CAGR) of 5.7% over the analysis period.
The Bio PE pouches market is also anticipated to experience profit growth in countries such as the United Kingdom, France, and Germany, contributing to the market’s overall prosperity. North America, as highlighted by Allied Market Research, is set to emerge as a key driver for the Bio PE pouches market, offering robust growth prospects.
The demand for Bio PE pouches is projected to drive market expansion throughout the analysis period. The Asia Pacific region is witnessing healthy growth, thanks to strong Bio PE pouch manufacturers in China and India, further enhancing market growth prospects.
Latin America, boosted by the burgeoning packaging industry in countries like Brazil and Argentina, is also poised to expand its Bio PE pouches market. Meanwhile, the Middle East and Africa regions are expected to provide a more moderate growth trajectory for Bio PE pouches. Industries such as personal care products and food and beverage packaging are likely to fuel the market’s growth during the forecast period.
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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.
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.
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.
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Key Segmentations-
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)
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