The global pocket containers market is poised for significant growth, with sales projected to reach US$429.2 million by 2032. From 2022 to 2032, the market is expected to grow at a moderate compound annual growth rate (CAGR) of 4.5%. In 2022, the estimated value of the pocket containers market is anticipated to be around US$276.4 million. The increasing utilization of pocket containers in various industries such as pharmaceuticals, food and beverage, cosmetics, and others is driving the expansion of the market.
The demand for smaller and more compact packaging solutions has led to the growing popularity of pocket containers. These containers are convenient, portable, and easily fit into pockets, making them ideal for storing essential products. Consequently, they find applications in diverse sectors including food and beverage, pharmaceuticals, cosmetics, personal care, and consumer goods. The rapid growth of these industries is expected to have a positive impact on the pocket containers market.
Packaging companies are responding to the global trend of miniaturization by introducing compact and convenient packaging solutions. Pocket containers are being designed to offer moisture and heat resistance, catering to the diverse needs of customers. This trend aligns well with the increasing demand for compact and convenient packaging options from end users, particularly in the pharmaceutical and food and beverage sectors. As a result, the demand for pocket containers is expected to experience significant growth.
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“Rising adoption of pocket containers in cosmetics, food & beverage, and pharmaceutical sector will augment the global sales of the pocket containers market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Rising demand for lightweight and miniaturized packaging options will stimulate market expansion.
- Pocket containers market in the U.S. to reach an estimated US$ 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
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.
Regional Analysis:
U.S.: Growing Food Industry Drives Pocket Containers Market
The food industry in the U.S. plays a significant role in augmenting the sales of pocket containers. With the food segment accounting for a significant share of average household expenditure, there is a growing demand for compact and convenient packaging solutions. The U.S. is the largest consumer of pocket containers and is expected to reach a market valuation of US$ 102.1 million by 2032. Factors such as consumer preference for on-the-go and ready-to-eat meals, the rapid growth of the pharmaceutical industry, and the presence of leading packaging giants contribute to the growth of the pocket containers market in the country.
India: Surging Pharmaceutical Production Boosts Pocket Containers Demand
India is emerging as a lucrative market for pocket containers, driven by the rapid expansion of the pharmaceutical, cosmetics, and personal care sectors. The country benefits from easy availability of raw materials at lower prices and increasing consumer spending. The pharmaceutical industry in India has witnessed significant growth, fueled by rising exports, investments in research and development, and government support. The domestic pharmaceutical market in India is projected to reach US$ 120-130 billion by 2030. With increasing drug and pharmaceutical exports, the demand for pocket containers in India is expected to grow steadily. Additionally, the food and beverage industry in India also contributes to the demand for pocket containers
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Pocket Containers Market Outlook by Category
By Material Type:
- Plastic
- PP
- PET
- PE
- Metal
By Packaging Format:
- Flask
- Bottle
- Boxes & Cartons
By End Use:
- Food & Beverage
- Pharmaceutical
- Cosmetic & Personal Care
- Other Consumer Goods
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
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