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The global Pouches Market is projected to grow from USD 36.4 billion in 2019 to USD 46.1 billion by 2024, recording a CAGR of 4.8% during the forecast period.
Furthermore, the growing popularity of pouches for alcohol packaging is creating growth opportunities for the global pouches market.Browse 177 market data Tables and 49 Figures spread through 208 Pages and in-depth TOC on "Pouches Market by Type (Stand-Up, Flat, Rollstock), Material (Plastic Films, Aluminum Foil, Paper, Bioplastics), Treatment Type (Standard, Aseptic, Retort, Hot-Filled), Pouch Weight, Sealer, Application, and Region - Global Forecast to 2024"The global pouches market is dominated by key players such as Amcor (Australia), Smurfit Kappa (Ireland), Mondi (Austria), Berry Global Inc. (US), and Sonoco (US).
This is mainly attributed to the high demand in the food and beverage industry and the growing need for compact and lightweight packaging solutions.
Stand-up pouches are durable and render high stability to the products, which further contributes to its high growth rate.
Furthermore, they are also considered an ideal form of packaging for products that weigh less than a pound.The standard segment is estimated to dominate the pouches market in 2019The standard segment dominated the market, on the basis of treatment type, in terms of both value and volume.
The cost-effectiveness and aesthetic display of these pouches in stores contribute to its leading share in the pouches market.