 of 5.2% during 2023-2028.){kind=link}
IMARC Group, a leading market research company, has recently releases report titled “Pouches Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global pouches market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the pouches market?
The global pouches market size reached US$ 49.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 67.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
Pouches: Application and Uses
Pouches are versatile, flexible bags or sacks designed to enclose small quantities of products and articles. They are crafted using multiple layers of films that protect against moisture, light, and odor. Pouches are cost-effective as they require fewer raw materials and reduce packaging costs. Additionally, they can help lower shipping costs by allowing products to be flat-packed, making them a more desirable packaging option than bulkier alternatives, such as boxes and cans. Pouches offer several advantages, including easy opening options and convenience. As a result, they have become increasingly popular in the packaging industry, particularly in the pharmaceutical, food, pet food, and cosmetic sectors.
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What are the growth prospects and trends in the pouches industry?
The global pouches market is experiencing significant growth, driven by the increasing number of working individuals leading hectic lifestyles, resulting in a shift towards ready-to-eat (RTE) meals. The inflating demand for faster transportation and shipping is also contributing to the market growth.
Additionally, the easy availability of multiple closure options, such as spout, zipper, and tear-notch pouches, and the development of reusable, paper polyethylene terephthalate (PET) multilayer films and food-grade bio-based plastic pouches are providing an impetus to the market growth. Furthermore, the increasing popularity of online shopping and significant expansion in the e-commerce industry are providing an impetus to the market growth.
Other factors, such as the easy product availability in online and offline organized retail channels, rapid urbanization and industrialization, and extensive research and development (R&D) activities, are positively contributing to the market growth.
What is included in pouches market segmentation?
The report has segmented the market into the following categories:
Breakup by Material:
- Plastic
- Metal
- Paper
- Bioplastics
Breakup by Treatment Type:
- Standard
- Aseptic
- Retort
- Hot-fill
Breakup by Product:
- Flat
- Stand-up
Breakup by Closure Type:
- Tear Notch
- Zipper
- Spout
Breakup by End Use:
- Food and Beverages
- Healthcare
- Personal Care and Cosmetics
- Homecare
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Pouches Key Companies:
The report covers the major market players including:
- Amcor plc
- Constantia Flexibles
- Coveris
- Goglio SpA
- Guala Pack S.p.a.
- Huhtamäki Oyj
- Korozo
- Mondi Plc
- Proampac
- Sealed Air
- Smurfit Kappa Group Plc
- Sonoco Products Company
- Wipf Holding AG
Explore Full Report Description At: https://www.imarcgroup.com/pouches-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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