Pouches - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Pouches Market is accounted for $31.59 billion in 2018 and is expected to reach $55.69 billion by 2027 growing at a CAGR of 6.5% during the forecast period.
Rising demand for packaged food & beverages, cost-effectiveness, and rise in demand from end-use industries are crucial factors that are likely to boost the growth of the Pouches market. However, stringent government regulations are likely to hamper the profit boundaries.
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 odour, and preserve the freshness of food and beverages items. 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.
Based on application, the beverages segment is likely to have a huge demand due to the growing use of pouches for alcohol packaging and pouches remain preferred and ideal packaging solutions for beverages, due to their malleability and low weight. In addition, they protect the products from contaminants. Due to these factors, the beverage segment is projected to account for a large market share.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the increased demand for pouches from densely populated countries such as India and China, as this packaging ensures cost savings and offers an aesthetic appeal to the product. Moreover, the increasing application of pouches in the food, beverages, healthcare, personal care & home care, oil & lubricants, and agricultural products is projected to drive the growth of the pouches market in this region.
Some of the key players in the Pouches market are the Wipf Holding AG, Sonoco, Smurfit Kappa, Sealed Air, Proampac, Mondi, KOROZO, Huhtamaki, Gualapack S.p.A., Goglio Spa, Formika, Daklapack Group, Coveris, Constantia Flexibles, Clondalkin Group, Berry Global Inc, Amcor and A. Hatzopoulos S.A.
• Aluminum Foil
• Plastic Films
• Flat Pouches
• Stand-Up Pouches
Pouch Weights Covered:
• 10–20 Grams
• 50–70 Grams
• Below 10 Grams
• More Than 70 Grams
Treatment Types Covered:
• Vacuum Pouch Sealer
• Direct Heat Sealer
• Personal Care & Homecare
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Covers Market data for the years 2018, 2018, 2019, 2023 and 2027
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