The global Pouches Market size is expected to reach USD 63.1 billion by 2030, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. Rising demand for low-cost, convenient, shelf appealing, and lightweight packaging by end-use industries, including food and beverages, healthcare, personal care and cosmetics, and home care, is likely to fuel market growth.
Pouches
demand lesser material, energy, and water during their manufacturing and thus
prove to be significantly less expensive than rigid packaging solutions. In
addition, lightweight and flexibility attribute for their lower transportation
cost, due to which Consumer Products (CPG) companies are increasingly opting
for pouches over rigid tubes, containers, and boxes.
Flat
pouches occupy lesser space in retail outlets and can be easily stacked upon
each other; thus, more products can be displayed as compared to other packaging
types. Furthermore, standup pouches on retail shelves prove to be more
appealing to the consumers, and the packaging format also has a higher surface
area on which high-quality graphics are printed, owing to which the product
type easily grabs customer attention in retail outlets as compared to bottles
and boxes.
Various
closures such as a zipper, spout, and tear notch are utilized in pouches, which
provide convenience in pouch opening and closing. In addition, the product is
usually made up of plastic composite films, paper, and aluminum laminates that
provide a strong barrier against moisture, light, odor, and bacteria due to
which food and beverages are increasingly offered in the packaging.
The
increasing demand for packaged food and beverage products and growing on the go
food consumption trend owing to the changing lifestyle is expected to augment
growth to the market in the forecast period.
In
addition, due to features including portability and lower product weight,
pouches are the preferred packaging format for baby food products. The
increasing working women population across the world is principally driving the
demand for packaged baby food, which in turn is expected to benefit the market
over the forecast period.
Related Press
Release@ Pouches
Market Report
List of Key Players of Pouches Market
- Amcor plc
- Mondi
- Sealed Air
- CONSTANTIA
- Coveris
- Goglio SpA
- ProAmpac
- GUALAPACK
S.P.A
- Huhtamaki
Group
- Smurfit
Kappa
Pouches Market Report Highlights
- The food and
beverage end-use segment accounted for a share of 55.3% in terms of
revenue in 2019, owing to its wide scale incorporation of the product for
the packaging of dairy, snacks, sauces, confectionery, beverages, and
other food products
- The aseptic
treatment type segment is anticipated to witness a CAGR of 6.4% from 2020
to 2027 and is projected to reach USD 10.6 billion in 2027. Aseptic
treatment type ensures that the product is free from bacteria and
eliminates the need for refrigeration and thus proves to be cost-efficient
- The stand-up
type segment is expected to witness the highest CAGR of 6.3% from 2020 to
2027. Growing adoption of stand-up product type due to their marketing
advantages and convenience of use are attributing to the growth of the
segment
- In Asia
Pacific, the market is estimated to witness a CAGR of 6.5% from 2020 to
2027 on account of rapid growing packaged food industry and rising
penetration of organized retail
- The market
is highly fragmented with the presence of a large number of domestic as
well as global players. key players are adopting merger and acquisition
strategies to expand their manufacturing capabilities and geographical
footprints.
Pouches Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2023 |
USD 42.2 billion |
|
Revenue forecast in 2030 |
USD 63.1 billion |
|
Growth Rate |
CAGR of 5.9% from 2023 to 2030 |
|
Base year for estimation |
2022 |
|
Historical data |
2018 - 2021 |
|
Forecast period |
2023 - 2030 |
Related Reports@
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, 2018
- 2030)
- Plastic
- Metal
- Paper
- Bioplastics
Pouches Treatment Type Outlook (Revenue, USD
Million, 2018 - 2030)
- Standard
- Aseptic
- Retort
- Hot-Fill
Pouches Product Outlook (Revenue, USD Million, 2018 -
2030)
- Flat Pouch
- Stand-up
Pouch
Pouches End-use Outlook (Revenue, USD Million, 2018 -
2030)
- Food &
Beverages
- Healthcare
- Personal
Care & Cosmetics
- Homecare
- Others
Pouches Closure Type Outlook (Revenue, USD Million, 2018
- 2030)
- Tear Notch
- Zipper
- Spout
Pouches Regional Outlook (Revenue, USD Million, 2018 -
2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Central
& South America
- Brazil
- Middle East
& Africa
- South
Africa
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
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