Pouches Market: Current Analysis and Forecast (2022-2028)

Report Description

Global Pouches Market is expected to grow at a significant rate of around 6% during the forecast period 2022-2028. 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 item. Furthermore, the availability of a long range of design and closure options such as zipper, tear notch, and spout are propelling the pouches market globally. Additionally, the changing lifestyle and the increasing number of working individuals are expected to increase the demand for pouches. 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.

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 are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst materials, the plastic film category to witness robust CAGR during the forecast period”

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.

“Amongst application, the food & beverage segment to hold a significant share in the market in 2020”

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.

“Asia Pacific to hold a significant share in the market”

In 2020, Asia-pacific held a significant share of the global pouches market. This is mainly attributed 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.  There are several players in the market which are providing innovative and cost-effective products such as Smurfit Kappa launched new pouches for olive oil in the year 2021 which have approximately 17 times less weight compared to the glass packaging. Also, major players in the market continue to invest in the pouches and the packaging industry. For instance, Amcor group acquired Bemis Company Inc. in June 2019 to strengthen the company’s strength in America in the flexible packaging segment.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global pouches market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Pouches Market Analysis (2021-2027)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global pouches market were the three major steps undertaken to create and analyze the adoption of pouches in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Pouches market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the pouches market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the pouches market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, material, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the pouches market. Further, we conducted factor analysis using dependent and independent variables such as various types, materials, and applications of pouches. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the pouches market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global pouches market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the pouches market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global pouches market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global pouches market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, material, and application in the global Pouches market.

The main objective of the Global Pouches Market Study

The current & future market trends of the global pouches market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the pouches market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, material, and application.
• Define and analysis of the regulatory framework for the pouches
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the pouches market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the Pouches market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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