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 - Global Forecast to 2024".
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The stand-up pouches segment is projected to grow at the highest CAGR in the global 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 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 Market Players
Amcor (Australia), Smurfit Kappa (Ireland), Mondi (Austria), Berry Global 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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The global Pouches Market is projected to grow from USD 36.4 billion in 2019 to USD 46.1 billion by 2024, recording a CAGR of 4.8% during the forecast period.
Furthermore, the growing popularity of pouches for alcohol packaging is creating growth opportunities for the global pouches market.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 - Global Forecast to 2024"The global pouches market is dominated by key players such as Amcor (Australia), Smurfit Kappa (Ireland), Mondi (Austria), Berry Global Inc. (US), and Sonoco (US).
These players have adopted various growth strategies, such as expansions, investments, new product launches, acquisitions, mergers, partnerships, agreements, and joint ventures, to increase their market shares and enhance their product portfolios.Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=88797932Smurfit Kappa (Ireland) is a leading manufacturer and supplier of paper-based packaging solutions and offers various pouches under its brand name, Pouch-Up.
Manufacturing facilities of the company and its diverse product portfolio have strengthened its position in the packaging market.
Moreover, the company’s subsidiaries are mainly engaged in the R activities for providing innovative and improved products, which are projected to leverage the product leadership position of the company and expand its brand presence.
The company is focusing on expanding its manufacturing footprints across regions, which gives it a competitive advantage.Amcor (Australia) is one of the key manufacturers in the market, and designs highly versatile pouches that are innovative, available with a one-way integrated valve, and offer ease of disposal.
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SummaryRetort Pouch Packaging Market By Packaging Type (Pouch, Carton, Tray), Material (Polypropylene, Polyester, Aluminum foil, Food Grade cast polypropylene, Biomaterial, Paperboard, Nylon), End-use (Food, Beverage, Pharmaceutical), Region — Global Forecast Till 2023Retort Pouch Packaging Market OverviewRetort Pouch Packaging is a type of food packaging made from heat resistant laminated plastic and metal foil.
It is mainly used for storing the food and beverage items and provide a longer shelf-life to packaged products.
The main aim of Retort Pouch Packaging is to destroy microorganism by heating, protect food from chemical or enzymatic reactants and to keep the food ready for consumption.The Global Retort Pouch Packaging Market is expected to reach approximately USD 42.05 Billion by 2023, growing at a CAGR of ~7.5% during the forecast period.Regional AnalysisIn terms of geography, Asia Pacific dominates the global Retort Pouch Packaging Market, and it is anticipated to grow with the highest CAGR during the forecast period.
Europe and North America are expected to closely follow Asia Pacific during the forecast period.
Retort Pouch Packaging Market SegmentationGlobal Retort Pouch Packaging Market has been segmented based on packaging type, material, end- use, and region.
Based on packaging type, the market is segmented as pouches, cartons, trays, and others.
