NEW YORK, Nov. 21, 2022 /PRNewswire/ — The pouches market size is expected to grow by USD 12.92 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 5.37% during the forecast period, according to Technavio. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the YOY growth rate, Request a Free Sample Report.
The rising focus on improving the shelf life of products is driving the market growth. Increasing the shelf life helps manufacturers keep products fresh for a long time, which reduces waste. It also aids in the transportation and export of perishable products such as food, beverages, and medicines without any damage. The need to extend the shelf life of food items and lower their waste has resulted in the emergence of resealable flexible plastic packaging, which can be reclosed after use. The rise in the availability of such products is likely to increase the demand for pouches during the forecast period.
The increasing focus on reducing the use of plastic packaging will challenge the market during the forecast period. Plastics are non-biodegradable, and plastic food packaging waste is a major contributor to pollution. Flexible plastic packaging is generally made up of materials that are difficult to decompose. initiatives to reduce plastic waste. Hence, the demand for pouches may decline during the forecast period.
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- Flat: The flat segment will be a significant contributor to market growth during the forecast period. There are several types of flat pouches, such as foil flat pouches, clear flat pouches, flat pouches with valves, flat vacuum pouches, metalized flat pouches, and three-sided seal and four-sided seal flat pouches. Most customers prefer three-sided seal and flat vacuum pouches, which are versatile and strong. These factors are expected to drive the growth of this segment during the forecast period.
- stand up
- APAC: APAC will account for 46% of the market’s growth during the forecast period. This growth is attributed to factors such as the rapidly expanding end-user industries such as FMCG, e-commerce, and personal care. Moreover, market growth in this The region will be faster than the growth of the market in other regions. China and india are the key countries for the pouches market in APAC.
- North America
- South America
- Middle East And Africa
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The pouches market report covers the following areas:
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We provide a detailed analysis of around 25 vendors operating in the pouches market, including 3M Co., Amcor Plc, American Packaging Corp., Berry Global Inc., CCL Industries Inc., Clifton Packaging Group Ltd., Constantia Flexibles Group GmbH, Coveris Management GmbH, Dai Nippon Printing Co. Ltd., Huhtamaki Oyj, Mondi plc, MONTANA TECH COMPONENTS AG, Nabtesco Corp., Polymer Packaging Inc., ProAmpac Intermediate Inc., Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., UFlex Ltd., and Winpak Ltd.
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist pouches market growth during the next five years
- Estimation of the pouches market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the pouches market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of pouches market vendors
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Pouches Market Scope