According to the most recent study, the global pouch market is anticipated to experience a compound annual growth rate (CAGR) of 5.3% over the forecast period from 2022 to 2032, with pouch sales expected to climb from US$ 50.5 billion in 2022 to US$ 84.6 billion by 2032.
The global pouch market is projected to expand due to rising demand for packaged foods and the cost-effectiveness of pouches. Furthermore, factors such as aesthetic appeal and increased demand from end-users will contribute to the growth in the market over the forecast period.
The Asia Pacific pouch market has demonstrated remarkable growth in terms of value from 2015 to 2022, establishing itself as the fastest-growing segment in the packaging industry. This trend is primarily driven by the increasing demand for pouches in populous countries such as India and China, reflecting the immense growth potential of the Asia Pacific pouch market.
Pouch packaging offers a combination of cost savings and an attractive aesthetic appearance for products, making it an appealing choice for both consumers and manufacturers. Moreover, the versatility of pouches has led to their widespread adoption across various industries, including food and beverages, personal care, home care, chemicals, and agriculture. This diversification in pouch usage further propels the demand for pouches in the Asia Pacific region.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-14711
As consumer preferences for convenient and eco-friendly packaging solutions continue to evolve, the Asia Pacific pouch market is expected to maintain its growth trajectory, capitalizing on the advantages of pouch packaging across a wide array of industries.
Pouches use less material in their production, making them less costly than rigid packaging formats. Furthermore, due to their light weight and flexibility, CPG companies are gradually choosing pouches over rigid packaging products like composite cans, containers, boxes, etc. to reduce shipping costs.
Flat pouches take up less room in retail stores and can be readily stacked on top of one another, allowing for more product display than other packaging styles. Furthermore, consumers find stand-up pouches on retail shelves more appealing, and the packaging format offers a larger surface area on which high-quality graphics may be printed, resulting in the product type grabbing customer attention in retail outlets more easily than bottles and boxes.
Key Takeaways from Pouch Market
· In terms of material, the metal/foil segment is expected to dominate the global market over the forecast period.
· Based on product type, the stand-up pouches will account for 85% of demand share in the forecast period, growing at a CAGR of 6.1%
· Asia Pacific pouch market is to hold about 24% of the global market share during the forecast period.
· South Asia is anticipated to be the most attractive region for the pouch market during the forecast period owing to the growing food and beverages industry in India and China.
“To enhance convenience and streamlined e-Commerce operations, an increasing number of food and beverage firms are resorting to flexible packaging. This is driving the demand for pouch packaging solutions”–comments FMI Analyst
Pouch Market Landscape
- Amcor,
- Smurfit Kappa Group,
- Sonoco Company Ltd.,
- Mondi Plc,
- Sealed Air,
- Huhtamaki Oyj,
- Constantia Flexibles,
- Coveries,
- Clondalkin Group,
- Goglio Spa,
- Wipf Holding AG,
- KOROZO,
- Proampac,
- Gualapack S.p.A.,
- Daklapack Group.
Sales of Pouch Packaging in the Food & Beverage Sector to Drive the Demand
The beverages sector is poised for the fastest Compound Annual Growth Rate (CAGR) during the forecast period, primarily propelled by the increasing adoption of pouches for alcohol packaging. Despite this, in terms of value, the food segment secured the largest market share in 2021, highlighting the enduring preference for pouches as a versatile and lightweight packaging solution for food products. Pouches not only offer malleability and reduced weight but also serve as a protective barrier against contamination, making them the favored choice for food packaging. The beverage segment is expected to maintain a significant market share, driven by the appealing attributes of pouches in safeguarding against contamination hazards and their visually appealing appearance.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/14711
Pouch Market by Category
By Material:
- Plastic
- Metal/Foil
- Paper
By Product:
- Stand up
- Flat Pouch
- Rollstock
By End Use:
- Food & Beverages
- Pharmaceuticals
- Cosmetic & Personal Care
- Consumer Electronics
- Homecare
- Automotive
- Chemicals
By Region:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
