The global Pouches Market size is expected to reach USD 63.1 billion by 2030, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. Rising demand for low-cost, convenient, shelf appealing, and lightweight packaging by end-use industries, including food and beverages, healthcare, personal care and cosmetics, and home care, is likely to fuel market growth.
Pouches demand lesser material, energy, and water during their manufacturing and thus prove to be significantly less expensive than rigid packaging solutions. In addition, lightweight and flexibility attribute for their lower transportation cost, due to which Consumer Products (CPG) companies are increasingly opting for pouches over rigid tubes, containers, and boxes.
Flat pouches occupy lesser space in retail outlets and can be easily stacked upon each other; thus, more products can be displayed as compared to other packaging types. Furthermore, standup pouches on retail shelves prove to be more appealing to the consumers, and the packaging format also has a higher surface area on which high-quality graphics are printed, owing to which the product type easily grabs customer attention in retail outlets as compared to bottles and boxes.
Various closures such as a zipper, spout, and tear notch are utilized in pouches, which provide convenience in pouch opening and closing. In addition, the product is usually made up of plastic composite films, paper, and aluminum laminates that provide a strong barrier against moisture, light, odor, and bacteria due to which food and beverages are increasingly offered in the packaging.
The increasing demand for packaged food and beverage products and growing on the go food consumption trend owing to the changing lifestyle is expected to augment growth to the market in the forecast period.
In addition, due to features including portability and lower product weight, pouches are the preferred packaging format for baby food products. The increasing working women population across the world is principally driving the demand for packaged baby food, which in turn is expected to benefit the market over the forecast period.
Related Press Release@ Pouches Market Report
List of Key Players of Pouches Market
- Amcor plc
- Mondi
- Sealed Air
- CONSTANTIA
- Coveris
- Goglio SpA
- ProAmpac
- GUALAPACK S.P.A
- Huhtamaki Group
- Smurfit Kappa
Pouches Market Report Highlights
- The food and beverage end-use segment accounted for a share of 55.3% in terms of revenue in 2019, owing to its wide scale incorporation of the product for the packaging of dairy, snacks, sauces, confectionery, beverages, and other food products
- The aseptic treatment type segment is anticipated to witness a CAGR of 6.4% from 2020 to 2027 and is projected to reach USD 10.6 billion in 2027. Aseptic treatment type ensures that the product is free from bacteria and eliminates the need for refrigeration and thus proves to be cost-efficient
- The stand-up type segment is expected to witness the highest CAGR of 6.3% from 2020 to 2027. Growing adoption of stand-up product type due to their marketing advantages and convenience of use are attributing to the growth of the segment
- In Asia Pacific, the market is estimated to witness a CAGR of 6.5% from 2020 to 2027 on account of rapid growing packaged food industry and rising penetration of organized retail
- The market is highly fragmented with the presence of a large number of domestic as well as global players. key players are adopting merger and acquisition strategies to expand their manufacturing capabilities and geographical footprints.
Pouches Market Report Scope
Report Attribute
Details
Market size value in 2023
USD 42.2 billion
Revenue forecast in 2030
USD 63.1 billion
Growth Rate
CAGR of 5.9% from 2023 to 2030
Base year for estimation
2022
Historical data
2018 - 2021
Forecast period
2023 - 2030
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Pouches Market Segmentation
Grand View Research has segmented the global pouches market on the basis of material, treatment type, product, end-use, closure type, and region:
Pouches Material Outlook (Revenue, USD Million, 2018 - 2030)
- Plastic
- Metal
- Paper
- Bioplastics
Pouches Treatment Type Outlook (Revenue, USD Million, 2018 - 2030)
- Standard
- Aseptic
- Retort
- Hot-Fill
Pouches Product Outlook (Revenue, USD Million, 2018 - 2030)
- Flat Pouch
- Stand-up Pouch
Pouches End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Food & Beverages
- Healthcare
- Personal Care & Cosmetics
- Homecare
- Others
Pouches Closure Type Outlook (Revenue, USD Million, 2018 - 2030)
- Tear Notch
- Zipper
- Spout
Pouches Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the pcr pouches market include Amcor Plc, Sonoco Products Company, RPC Group + Berry Global, Inc., Genpak, Anchor Packaging Inc., Placon Corporation, Alpha Packaging Holdings Inc., Pactiv LLC, ALPLA-Werke Alwin Liner GmbH & Co KG., Eco-Products, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global PCR Pouches Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/pcr-pouches-market/download-sampleMarket DynamicsThe growing need for flexible packaging in the food & beverage, personal care, and pharmaceutical sectors is one of the major factors fuelling the demand for PCR pouches.
Consumers across the globe are increasingly becoming health conscious and opting for food products that come in clean and hygienic packaging, such as PCR pouches.
Furthermore, due to the ongoing Covid-19 pandemic and sudden lockdowns, consumers are more inclined to stock food items with extended shelf-life.
Food & beverage manufacturing companies rely heavily on PCR pouches to meet consumer demand.
