The global pocket containers market size is estimated to reach US$ 276.4 Mn in 2022 and is further expected to grow at a steady CAGR of 4.5% between 2022 and 2032, totaling around US$ 429.2 Mn by 2032. A surge in the use of pocket containers in multiple industry verticals such as pharmaceuticals, food & beverage, cosmetics, and others propel the expansion of the pocket containers market during the forecast period.
A soaring demand for smaller and compact packaging solutions has resulted in the escalating demand for pocket containers. This heightened demand is expected to continue over the assessment period, culminating in a spike in the global sales of the pocket containers market. These packaging solutions are distinctive, compact, and portable products that can be used to store goods conveniently in the pockets. Pocket containers, as the name suggests, enable people to carry essential products in their pockets with ease. Thus, pocket containers find usage in diverse end-use industries such as food & beverage, pharmaceutical, cosmetic & personal care, and consumer goods. The rapid expansion of these industries will have a positive impact on the pocket containers market during this period of observation.
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Again, pocket containers are used increasingly in the pharmaceutical and food & beverage sectors, which will presumably generate considerable demand for the product owing to the growing demand for convenient and compact packaging options from the end users. Hence, this growing demand for compact and convenient packaging products that are easy to store in the pockets of consumers will likely bolster the growth of pocket containers market in the upcoming years.
“Rising adoption of pocket containers in cosmetics, food & beverage, and pharmaceutical sector will augment the global sales of the pocket containers market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Rising demand for lightweight and miniaturized packaging options will stimulate market expansion.
- Pocket containers market in the U.S. to reach an estimated US$ 102.1 Mn by 2032.
- Expanding pharmaceutical sector to drive market growth in India.
- Plastic pocket containers segment will generate US$ 150 Mn revenue opportunity.
- In terms of end use, the pharmaceutical sector is dominating the global market space
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Competitive Landscape
Gerresheimer AG, Constar International, CKS Packaging, Alpha Packaging Holdings, TYH Container Enterprises, Vidchem Pvt. ltd., APTACA Spa, USON Plast, Graham Packaging, and Plastipak Packaging among others are some of the major players in the pocket containers market profiled in the full version of the report.
Leading market players are keen on releasing new products in the market to expand their product portfolios. These enterprises are deploying tactics like mergers, acquisitions, collaborations, and partnerships to strengthen their market position.
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