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Pouches Market was valued at US $ 18.9 Bn in 2019 and is expected to witness a CAGR of 6.5% during the forecast period (2020-2028)
The increasing requirement for packaged food and the cost-effectiveness of flexible packaging solutions is expected to drive the demand of pouches. Besides, the growing demand from end-user industries due to various benefits offered by pouches is expected to drive the growth of pouches market during the forecast period. Pouches are manufactured in variety of shapes and sizes to meet the growing demands of consumers. Pouches market is witnessing high demand since past couple of years owing to factors such as cost-effectiveness, aesthetic appeal etc. Also, demand for zip-locked, transparent and printed pouches is rising across the globe.
Generally made up of Kraft paper, polyethylene and plastic pouches are effectively used on daily basis that drives manufacturers to produce bulk quantities and bring in more versatile range such as stand up pouches, open mouth pouches, water repellent pouches etc. Since government in many nations banned single use plastic, the growth of plastic pouches might get hampered due to their non-recyclability and excessive waste production. Despite their high popularity and dime-a-dozen prices, consumers are making minimal use of it in order to maintain ecological balance.
Beverage Industry had accounted for a significant share of xx% in 2019 and is expected to remain dominant during the forecast period.
Pouches are highly used in beverage industry for packaging of juices, energy drinks, sauces, tea, coffee, shakes, alcohol etc. due to their malleability and low weight. Plastic pouches are comparatively low in prices and hence used in packaging of beverages. Additionally, these pouches can even be emptied and re-filled with stuff after wiping off. Increased usage of packaged products by majority of end users is driving the growth of pouches in beverage industry. Moreover, aesthetic appearance, contamination free and attractive packaging have further fueled the demand of pouches in the market.
Lifestyle habits such as consumption of beverage with every meal has further boosted the growth of pouches market. Retort pouches are widely adopted in packaging of beverages such as tea, coffee etc.
By Treatment Type, Retort Pouches Are Expected To Witness High Demand Witnessing A CAGR of Xx% during the Forecast Period
Retort pouches accounted held significant market share in 2019 and is expected to remain dominant during the forecast period. Retort pouches are high in demand owing to their high usage in packaging of foods and drinks. Since they are made from a laminate of flexible plastic and metal foils, they are highly effective and increase the shelf life of the product. Edibles such as fish products, camping food and instant noodles are packaged in retort pouches. These pouches are manufactured in a range of variants from zip locked retort pouches to vacuum retort pouches that saves the product from moisture, UV rays and other contaminations.
Asia Pacific Region Is Anticipated To Exhibit Rapid Growth In Pouches Market During The Forecast Period
Asia Pacific accounted for a significant share of XX% in 2019 and is expected to remain dominant during the forecast period.
Asia-Pacific is projected to be the fastest growing market for the pouches. The rise of food processing, beverage industry and expansion of retail sector is expected to drive the market in this region. Moreover, Asia-pacific is also experiencing an advanced rate of urbanization. Countries such as India and China are highly populated and are experiencing lifestyle changes that is rapidly fueling the growth of pouches market in this region. North America and Latin America is expected to witness a high growth owing to excessive consumption of processed food. The demand of recycled and ecological pouches in Western Europe is driving the market in this region.
Competitive landscape analysis
Constant product development and global expansion are the main approaches embraced by the pouches manufacturers to achieve competitive benefit. A leading company, ProAmpac acquired gateway Packaging Company with the aim to diversify product portfolio and increase production. Manufacturing of sustainable and biodegradable pouches are being carried out to enhance quality of the pouches.
The leading companies in pouches market are Amcor, Bemis Company, Coveris, Berry Global, Mondi group, Sealed Air, ProAmpac, Smurfit Kappa, Huhtamaki, Mohit paper packaging industry, Packaging India Private Limited, Deluxe Packages, Zhongshan Tiancai Packaging Company, SwissPac USA and Hebei Qite Packing Co. Ltd.
Pouches Market Segmentation:
- Cosmetic and personal care
- Beverage Industry
- Others (Multiwall Sacks etc.)
By Treatment Type:
By Material Type:
By Product Type:
- Stand Up pouches
- Roll Stock
- Flat Pouches
- Vacuum Pouches
- Zip-locked Pouches
- North America
- Latin America
- Asia Pacific
- Middle East and Africa