"Overview of Inverted Pouches Market"
In 2018, The Global Inverted Pouches Market Was Valued At Us$ 10.4 Mn And Is Expected To Witness A CAGR Of 6.8% Over The Forecast Period (2019-2027).
Inverted pouches have numerous benefits such as low carbon footprint, and consumer convenience. High growth of on-the-go food products and high portability are some other key factors anticipated to drive the inverted pouches market growth during the forecast period.
The rising food & beverage industry and growing research and development investments across the nations are expected to further support the innovation in packaging industry. These factors ultimately boost the growth of inverted pouches market across the globe. The surge in demand for sustainable packaging solutions is another major factor anticipated to enhance market growth over the upcoming years.
In addition to this, rising strict government policies coupled with rising global packaging market is contributing to the growth of the inverted pouches market over the forecast period. The global packaging market is anticipated to expand at CAGR of nearly 5% in years to come. The increased awareness for organic products is boosting the inverted pouches market demand across the globe. The surge in demand for increased product shelf life is further expected to drive the global market growth
By material type, EVOH expected to grow at a rapid pace in Global Inverted Pouches Market
In 2018, the polypropylene segment was dominant in the global inverted pouches market. The segment was dominant in 2018 owing to numerous benefits offered such as lightweight, low density, versatile temperature range, sustainable, low cost, durable, high clarity, heat resistance, recyclable and others. The segment is expected to grow significantly during the forecast period due to a surge in demand for sustainable and recyclable packaging solutions.
On the other hand, the EVOH segment is anticipated to grow at a rapid pace throughout the forecast period. The rising necessity for high barrier packaging to confirm long shelf life and product safety are the major factors for segment demand in years to come.
By Application, Food segment is anticipated to grow with the highest share in Global Inverted Pouches Market
In 2018, the food segment accounted for the highest share in the global inverted pouches market. The segment had the largest share in 2018 due to the growing food industry across the globe along with a rise in stringent regulations worldwide. The surge in the processed food market is another major factor anticipated to enhance the segment demand during the forecast period. Growing packaged food market in emerging economies such as China, India, Indonesia, South America, and others is one of the key factors for the segment growth over the forecast period.
Demand For Inverted Pouches Is Anticipated Expand Rapidly In Asia Pacific Region
Asia Pacific region is anticipated to grow at a rapid pace over the forecast period due to a rise in the food industry along with stringent government regulations in the region. The growth in disposable income and the need for sustainable packaging solutions are some other reasons for the regional growth in years to come.
In 2018, North America accounted for a major share in the global inverted pouches market. Early technological adoption and the presence of major market players such as Aptar Group, Inc., Polymer Packaging, Inc., and others are the key reasons for the dominance of North America. The demand for flexible packaging coupled with the growing demand for processed food are driving the demand for inverted pouches in North America. The U.S. had the highest share in 2018 in North America Inverted Pouches Market with a market share of XX% in the same year.
Global Inverted Pouches Market is very modest with presence of a large number of global and local/regional manufacturers. Glenroy Inc., Polymer Packaging, Inc., ProAmpac, and Semco S.A.M are some key players operating at regional as well as country level. Partnerships, acquisitions, collaborations, and new product launch are some of the key strategies projected to follow by the abovementioned major players during the forecast period.
- Below 150 ml
- 150-500 ml
- 500ml – 1 Liter
- Above 1 Liter
- Metalized Aluminum
- Others (Nylon, etc.)
By Pouch Type:
- Sauces & Condiments
- Salad Dressings
- Personal Care
- North America
- Latin America
- Asia Pacific
- Middle East and Africa