The advancement in technology and aesthetic appeal from the Pouches has been providing opportunities for market growth
The global Pouches market size is projected to reach nearly USD 54.1 billion by 2028. Additionally, the market is forecasted to grow a CAGR of above 4.8% over the forecast period of 2020-2028. During their production, Pouches require less material, energy and water, and therefore prove to be substantially less costly than rigid packaging solutions. In addition, their lower shipping costs are distinguished by lightweight and versatility, as consumer goods (CPG) firms are gradually opting for Pouches over rigid tubes, containers and crates. In order to fuel demand for Pouches, growing demand for packaged food and the cost-effectiveness of flexible packaging solutions are expected. In addition, due to the aesthetic appeal of Pouches, the rise in demand from end-user industries is expected to fuel its market growth during the forecast era.
The report also outlines the various characteristics of the global Pouches industry by assessing the market from value chain analysis. Moreover, the Pouches market report comprises various qualitative parts of the Pouches industry in market restraints, essential industry drivers, and opportunities. Furthermore, the report provides a complete assessment of the market through company profiling and the competitiveness of the local as well as global vendors.
The Pouches market has huge competition amongst the already well-known and new market players. Also, the Pouches industry players are pursuing potential markets to seize a competitive lead among the other industry players by forming mergers & acquisitions, agreements, acquiring other companies & new startups, establishing collaboration & partnerships, and growing their business existence.
Various closures are used in Pouches, such as a zipper, spout, and tear notch, to offer ease for opening and closing the pouch. In addition, the product typically consists of plastic composite films, laminates of paper and aluminium, which provide a good protection against moisture, illumination, odour and bacteria, contributing to the growing availability of food and beverages in the packaging.
Growing demand for processed food and beverage items and an increasing pattern of on-the-go food consumption due to evolving habits are projected to accelerate consumer growth in the forecast period. Moreover, Pouches are the chosen packaging type for baby food items due to features such as portability and decreased product weight. The rising population of working women around the world primarily fuels the market for packaged baby food, which is expected to help the brand.
The major players of the global Pouches market are Smurfit Kappa, Amcor, Mondi, Sonoco, Sealed Air, Berry Global Inc., Huhtamaki, Constantia Flexibles. Moreover, the market comprises several other prominent players in the Pouches market as Gualapack S.p.A., Coveris, Goglio SpA, Clondalkin Group, KOROZO, ProAmpac, and DaklaPack. The major players in the market comes up with some of the developments to enhance the market growth in the global industry.
Segment Overview of Global Pouches Market
Type Overview, 2018-2028 (USD Billion, Million Units)
- Stand-up Pouches
- Flat Pouches
- Roll Stock
Material Overview, 2018-2028 (USD Billion, Million Units)
Treatment Type Overview, 2018-2028 (USD Billion, Million Units)
Regional Overview, 2018-2028 (USD Billion, Million Units)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America