****** Pouches Market is estimated to reach USD 46.1 billion by 2024, at a CAGR of 4.8%

The Pouches Market is projected to grow from USD 36.4 billion in 2019, to reach USD 46.1 billion by 2024, recording a CAGR of 4.8% from 2019 to 2024.

Browse 177 market data Tables and 49 Figures spread through 208 Pages and in-depth TOC on “Pouches Market by Type (Stand-Up, Flat, Rollstock), Material (Plastic Films, Aluminum Foil, Paper, Bioplastics), Treatment Type (Standard, Aseptic, Retort, Hot-Filled), Pouch Weight, Sealer, Application, and Region – ****** Forecast to 2024”.

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The stand-up pouches segment is projected to grow at the highest CAGR in the ****** pouches market from 2019 to 2024

The stand-up pouches segment is projected to grow at the highest CAGR during the forecast period, in terms of value. This is mainly attributed to the high demand in the food and beverage industry and the growing need for compact and lightweight packaging solutions. Stand-up pouches are durable and render high stability to the products, which further contributes to its high growth rate. This form of packaging is commonly used for lightweight products such as coffee, tea, sauces, and candies. Furthermore, they are also considered an ideal form of packaging for products that weigh less than a pound.

The standard segment is estimated to dominate the pouches market in 2019

The standard segment dominated the market, on the basis of treatment type, in terms of both value and volume. The cost-effectiveness and aesthetic display of these pouches in stores contribute to its leading share in the pouches market. However, the hot-filled pouches segment is projected to be the fastest-growing segment, in terms of both value and volume, from 2019 to 2024. The growth of the hot-filled and aseptic pouches segments is attributed to the increase in demand for products with a longer shelf life and their usage for ready-to-drink beverages.

The food industry is estimated to be a major consumer in the pouches market in 2019

Pouches are made of highly sterilized materials. These materials help in protecting the product from contamination, making them ideal for food, beverages, and healthcare packaging. These pouches are manufactured using multiple layered films that protect the contents from moisture, light, and odor, and preserve the freshness of food and beverages items. The key factors driving the growth of the pouches market include the increase in demand for compact & lightweight packaging solutions for baby food. In the food industry, pouches are widely used in the packaging of sauces, pet food, ready-to-eat/frozen meal, candies, chocolates, snacks, dried fruits & nuts, and confectionery products. Factors that are projected to drive the demand for these pouches in the beverage industry include protection from contamination, aesthetic appeal, and tailor-made packaging solutions, in terms of unique shapes, styles, and designs.

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Key Questions Addressed by the Report:

  • What are the ****** trends that are increasing the demand for pouches? Would the market witness an increase or decrease in demand in the coming years?
  • What is the estimated demand for different types of pouches?
  • Where will the strategic developments take the industry in the mid- to long-term?
  • What are the upcoming industry applications and trends for pouches?
  • Who are the major players in the pouches market, globally?

 

Key Market Players

Amcor (Australia), Smurfit Kappa (Ireland), Mondi (Austria), Berry ****** Inc. (US), Sonoco (US), Sealed Air (US), Huhtamaki (Finland), Constantia Flexibles (Austria), Coveris (Austria), Clondalkin Group (Netherlands), Goglio SpA (Italy), KOROZO (Turkey), ProAmpac (US), Gualapack S.p.A. (Italy), DaklaPack (Netherlands), Wipf Holding AG (Switzerland), A. Hatzopoulos S.A. (Greece), and Formika (Poland) are the key players operating in the pouches market.

 

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