Pouches Industry Overview
The global pouches market size was valued at USD 36.44 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2028.
Rising demand for packaged food and beverages coupled with the convenience of use and cost-effectiveness of pouches are primary factors driving the market growth. Pouches occupy lesser space in transport vehicles owing to their compactness. Moreover, they are lightweight, which significantly reduces the cost associated with transportation. In addition, the availability of multiple closure options in pouches, such as spout, zipper, and tear notch, is fueling the demand. The U.S. is a highly significant and lucrative market due to the presence of major players in the food & beverage industry.
Gather more insights about the market drivers, restrains and growth of the Global Pouches market
The main driver for pouch-based packaging solutions is the high market penetration of Ready-to-Eat (RTE) meals in the country owing to the busy lifestyle and a high number of working individuals. Pouches are commonly used for the packaging of various food products, including dairy, snacks, smoothies, and others. The global packaged food market has been significantly growing owing to the changing lifestyles and innovations in food processing techniques, which is expected to favor the growth of the market during the forecast period. Flexible packaging products, such as pouches, require significantly lesser raw materials and reduce the overall cost associated with the product packaging while improving the profit margin of the end-use companies. As a result, end-use companies are increasingly adopting flexible packaging formats, which, in turn, is boosting market growth.
The increasing preference for sustainable packaging solutions by the end-use companies owing to the rising regulatory pressure and rising awareness about sustainability among consumers is expected to augment the product demand in the coming years. The manufacturing of pouches requires lesser material, energy, and water. Moreover, such products help reduce landfills after disposable, which improves their sustainability profile. Standup pouches act as a marketing tool as it has a higher surface on which graphics are printed to attract consumers, especially in the supermarkets where the consumer makes a quicker purchase decision. This factor has also been appealing end-use companies towards such packaging format.
With the outbreak of COVID-19, a sharp drop in sales of electronics and personal care products was observed. The disruption of the supply chain affected product sales during the initial stage of the pandemic. The shutdown in China, which is one of the key raw material producers, impacted packaging manufacturers globally. However, a significant surge in the consumption of packaged food products was witnessed. A considerable proportion of the population preferred packaged food products, such as ready-to-eat, ready-to-cook, and packaged food ingredients. This strong demand globally mitigated the negative impact of COVID-19 on the market.
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Pouches Market Segmentation
Grand View Research has segmented the global pouches market on the basis of material, treatment type, product, end-use, closure type, and region:
- Pouches Material Outlook (Revenue, USD Million, 2017 – 2028)
- Plastic
- Metal
- Paper
- Bioplastics
- Pouches Treatment Type Outlook (Revenue, USD Million, 2017 – 2028)
- Standard
- Aseptic
- Retort
- Hot-fill
- Pouches Product Outlook (Revenue, USD Million, 2017 – 2028)
- Flat
- Stand-up
- Pouches End-use Outlook (Revenue, USD Million, 2017 – 2028)
- Food & Beverages
- Healthcare
- Personal Care & Cosmetics
- Homecare
- Others
- Pouches Closure Type Outlook (Revenue, USD Million, 2017 – 2028)
- Tear Notch
- Zipper
- Spout
- Pouches Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Key Companies profiled:
Some prominent players in the global Pouches market include
- Amcor plc
- Mondi
- Sealed Air
- CONSTANTIA
- Coveris
- Goglio SpA
- ProAmpac
- GUALAPACK S.P.A
- Huhtamaki Group
- Smurfit Kappa
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