IMARC Group has recently released a new research study titled “Pouches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How much is the pouches industry worth?
The global pouches market size reached US$ 49.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 67.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Market Overview:
Pouches have become an increasingly popular packaging solution across various industries due to their versatility and convenience. Made from a variety of materials, including plastic, aluminum, and paper, they offer a lightweight yet durable option for packaging a wide range of products. The manufacturing process of pouches typically involves several steps, including printing, lamination, and sealing.
A pouch consists of several components, including the main body, closure system, and optional features, such as tear notches or spouts. The main body of the pouch is usually made from multiple layers of materials, each serving a specific purpose. The closure system can be a simple zipper seal, a resealable adhesive, or a screw cap, depending on product requirements. Compared to traditional rigid packaging options, such as bottles or cans, pouches take up less space during transportation and storage. This feature not only reduces packaging waste but also minimizes the carbon footprint associated with shipping and warehousing. They provide an excellent barrier against moisture, oxygen, and light, ensuring product freshness and extended shelf life.
Additionally, pouches are often resealable, allowing easy storage and preserving product integrity. As a result, they are primarily used for packaging various products, such as food items, beverages, personal care products, and pharmaceuticals. Currently, stand-up, flat, and spouted are some of the commonly available product variants.
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Market Trends and Drivers:
The increasing demand for convenient and portable packaging solutions across various industries, such as food and beverages (F&B), pharmaceuticals, and personal care, represents one of the primary factors boosting the market growth. Pouches offer lightweight, flexible, and easily customizable packaging options that cater to evolving consumer preferences for on-the-go lifestyles.
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Additionally, the growing emphasis on sustainability and eco-friendly packaging alternatives has propelled the adoption of pouches, as they are often considered more environmentally friendly compared to traditional packaging formats, further propelling the market growth. Moreover, significant advancements in packaging technologies, such as improved barrier properties, innovative closures, and enhanced printing techniques, the rapidly expanding e-commerce sector, and the escalating need for efficient and cost-effective packaging solutions for online retail are contributing to the market growth.
Furthermore, the increasing disposable income, rapid urbanization, and surging awareness regarding the convenience and user-friendly features of pouches, such as easy opening and portability, are creating a positive outlook for the market. Moreover, the rising focus on brand differentiation and product visibility has driven the demand for aesthetically appealing pouch designs and eye-catching graphics, which, in turn, is fueling the market growth.
Additionally, the surging product demand among manufacturers and retailers due to their cost-effectiveness and reduced transportation costs and the growing preference for flexible packaging solutions are bolstering the market growth. Besides this, the rise in single-serve and portion-controlled packaging formats, along with the demand for convenience foods, are accelerating the market growth.
Explore Full Report Description At: https://www.imarcgroup.com/pouches-market
Who are the key players operating in the industry?
The report covers the major market players including:
- Amcor plc
- Constantia Flexibles
- Coveris
- Goglio SpA
- Guala Pack S.p.a.
- Huhtamäki Oyj
- Korozo
- Mondi Plc
- Proampac
- Sealed Air
- Smurfit Kappa Group Plc
- Sonoco Products Company
- Wipf Holding AG
Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Material:
Plastic
Metal
Paper
Bioplastics
Breakup by Treatment Type:
Standard
Aseptic
Retort
Hot-fill
Breakup by Product:
Flat
Stand-up
Breakup by Closure Type:
Tear Notch
Zipper
Spout
Breakup by End Use:
Food and Beverages
Healthcare
Personal Care and Cosmetics
Homecare
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=6753&flag=C
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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