Global Pouches Market is expected to foresee significant growth. APAC to lead the growth!
- Himanshu Patni
- December 22, 2023
- CONSUMER GOODS, NEWS
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Pouches are a combination of highly sterilized material that helps to protect the packed product from contamination as well as offers better handling and make them ideal for healthcare packaging, food packaging, beverage packaging with many others. The demand for pouches is increasing continuously due to the higher penetration of ready-to-eat foods and their incorporation into dairy products, snacks, medicine, and others. Additionally, pouches are lighter in weight and occupied less space compared to the other alternatives which provide efficient transport options and longer durability & stability for the packed food.
The Pouches Market is expected to grow at a steady rate of around 6% owing to their higher resistance against dust, light, and moisture coupled with the lower weight & price with the increasing size of the manufacturing industries. There are several major companies in the market that are focusing on innovative packaging solutions with better options such as decreasing the thickness of the pouches with better tear resistance, better printing options with many others.
Based on material, the market is segmented into plastic film, papers, aluminum foil, bioplastics, and others. The plastic film segment witness significant growth in 2021 and is expected to remain the same during the forecast period owing to the lower cost of manufacturing and the lower raw material cost compared to the other segment. Also, the plastic film offers higher wear and tear resistance, protection against UV light, longer durability, and lower weight which provides cost parity associated with the transportation cost for the end-users. However, the share of the bioplastics segment is also expected to increase during the forecast period due to the government regulation for plastic packaging and the sustainable nature of the bioplastics.
Access sample report (including graphs, charts, and figures) – https://univdatos.com/get-a-free-sample-form-php/?product_id=44513
Based on application, the pouches market has been classified into food & beverage, healthcare, personal care & cosmetics, and others. Amongst them, the food & beverage industry holds significant market growth during the forecast period owing to increasing demand for food and alcoholic product packaging due to lower weight, non-fragile nature, and higher sustainability. Also, the increasing population, food packing trends, and convenience during traveling offered by the pouches are expected to propel the market.
For a better understanding of the market adoption of the Pouches industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing population coupled with the rapid industrialization and increasing demand from the food & beverage industry, apparel industry, health care industry, and oil & lubricant industry among others. Moreover, the increasing consumption of packed food and increasing purchasing power of the customer in the region are supporting the market growth. Additionally, the growing agricultural industry in the continent is also expected to account for the pouches market as they require the pouches at every stage such as seed packaging to final product packaging. However, North America also registers significant market growth during the forecast period owing to the presence of several major players and increasing the size of the food & beverage industry in the region.
For a detailed analysis of the Global Pouches Market browse through – https://univdatos.com/report/pouches-market/
Some of the major players operating in the market include Mondi, Cheer Pack North America, Guala Pack S.p.a., Goglio SpA, Constantia Flexibles, Clondalkin Group, A. Hatzopoulos S.A., Berry Global Inc., Amcor Plc, and Sonoco Products Company.
Global Pouches Market Segmentation
Market Insight, by Material
· Plastics Film
· Papers
· Aluminum Foil
· Bioplastics
· Others
Market Insight, by Type
· Stand-up
· Flat
Market Insight, by Application
· Food & Beverage
· Healthcare
· Personal Care & Cosmetic
· Others
Market Insight, by Region
· North America
o US
o Canada
o Rest of North America
· Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Rest of Europe
· Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
· Rest of the World
Top Company Profiles
· Mondi
· Cheer Pack North America
· Guala Pack S.p.a.
· Goglio SpA
· Constantia Flexibles
· Clondalkin Group
· Hatzopoulos S.A.
· Berry Global Inc.
· Amcor Plc
· Sonoco Products Company
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