USD 37.86 Billion
Report ID:
SQMIG15A2197 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
147
|Figures:
78
Pouches Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 5.9% during the forecast period (2025-2032).
The growth of the pouches market is primarily driven by rising demand for packed food and beverages, along with the affordability and convenience of using them. Pouches' compactness and light weight allow them to fit into smaller spaces in transportation vehicles, which also greatly lowers the cost of transportation. Additionally, the availability of different closure options in pouches, such as a spout, zipper, & tear notch, is drawing customers and boosting market growth. Due to evolving lifestyles and advancements in food processing processes, the packaged food market is steadily expanding globally. This market expansion is anticipated to continue over the forecast period.
The United States is a very lucrative market because of the presence of big companies operating in the food and beverage industry. Due to the substantial working-class professional population in the country and the widespread availability of ready-to-eat meals, the U.S. market for pouch-based packaging products has expanded dramatically. Additionally, flexible packaging products like pouches utilize a lot fewer resources during manufacture, which decreases the cost of the product's packaging overall and increases the profit margins of the end-use firms. As a result, end-user companies are utilizing flexible packaging types more often, thus fostering the expansion of the pouch industry.
End use companies are adopting sustainable packaging options more and more as a result of rising regulatory pressure and growing customer awareness of sustainability issues. This is expected to result in a rise in the demand for pouches in the next few years. Pouches offer a higher ecological rating since they require less energy, water, & material during manufacturing and occupy less space in landfill after usage. Standup pouches are employed as a marketing tactic because they offer a larger surface area that lets printed images entice consumers to the items, particularly in markets where shoppers make quicker purchasing judgements. This feature has also drawn end-use companies to the package type, promoting expansion.
US Pouches Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 37.86 Billion
Largest Segment
Flat Pouch
Fastest Growth
Flat Pouch
Growth Rate
5.9% CAGR
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Global Pouches Market is segmented into Material, Treatment Type, Product, End-use, Closure Type and region. Based on Material the market is segmented into Plastic, Metal, Paper, Bioplastics. Based on Treatment Type, the market is segmented into Standard, Aseptic, Retort, Hot-Fill. Based on Product, the market is segmented into Flat Pouch, Stand-up Pouch. Based on End-use the market is segmented into Food & Beverages, Healthcare, Personal Care & Cosmetics, Homecare, Others. Based on Closure Type, the market is segmented into Tear Notch, Zipper, Spout. Based on region, the global market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Pouches Market Analysis by Material
The plastic material segment led the market & accounted for about 64.0% of total revenue. Due to their excellent resistance to UV light, oxygen, dust, & moisture, plastic pouches maintain the freshness of packaged goods for a longer period of time; this benefit is largely due to the plastic material category having the biggest market share in 2022. The most often used plastic resins for the production of plastic pouches are polyethylene (PE), polypropylene (PP), & polyethylene terephthalate (PET). Plastic is an increasingly common material for the production of pouches due to its low cost and durability. For instance, ProAmpac introduced the QUADFLEX line of recyclable pouches in 2021. These pouches are made of recyclable laminate mono polyethylene. The new item broadened ProAmpac's selection of environmentally friendly packaging.
The bioplastic materials segment is anticipated to have the highest CAGR between 2023 and 2030. The chemical is completely biodegradable and shares properties with plastic. In the future, it is anticipated that legislation governing the use of plastic packaging will become more stringent and that consumer awareness about environmental issues would increase. In terms of biodegradable plastics, PHAs (polyhydroxyalkanoates) & PLA (polylactic acid) are the most significant growth-promoting biopolymers. Based on their chemical composition, they offer a broad spectrum of physical and mechanical properties required for many applications, including healthcare, homecare, & food packaging.
Pouches Market Analysis by Product
The flat product segment dominated the market. Due to their low cost and ease of storage, flat pouches are frequently used to package a variety of CPG products, including medical supplies, fabric care, detergents, dried fruits, confectionery, and snacks. The pouch market is anticipated to experience the greatest CAGR in the stand-up bag type segment over the next several years. Baby food, yoghurt, soup, dressing, or salad items that come in stand-up pouches can all be eaten away from home. This portability, together with the simple-to-open closures built into the product format, is largely responsible for the segment's rapid rise.
In contrast with rigid packaging solutions like metal cans, stand-up pouches also make it easy for customers to empty the box, reducing food waste through the pouches. Additionally, stand-up pouches' high product to package ratio is luring end-use businesses to the package design. Due to the industry's early adoption of stand-up pouches, pet food has emerged as one of the most popular uses for them. However, stand-up pouches are anticipated to experience rapid development in sectors like dairy, which have only begun becoming from flat pouches to stand-up ones in order to take advantage of the superior marketing opportunities.
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Asia Pacific had the highest revenue share of almost 38.0%. Market expansion is primarily being fueled by elements like expanding demand for the packaging form due to its low cost and great visual appeal on retail shelves, as well as rising organized retail penetration in the region. Furthermore, the demand for packaged food goods is rising, which is anticipated to fuel market expansion. This is notably true in developing nations like China, India, and Vietnam. Additionally, it is anticipated that the region's demand for pouches will be fueled by the rising consumption of packaged beverages & the strong preference for small-sized packs because of their affordability and ease of use.
North America is expected to experience constant market growth during the forecast period. Due to the advantages of advertising to the product's demand, it is projected that CPG companies will employ pouches more frequently. Furthermore, it is anticipated that pouches are going to be used more frequently across a larger range of industries as consumer preference for them increases as a result of their portability & convenience. By prohibiting single-use plastic packaging while promoting the use of packaging that is recyclable, the European Union hopes to significantly reduce plastic waste by 2030. Therefore, in order to coincide with this objective, it is projected that pouch producers and end-use companies will focus more on making pouches made of mono-materials.
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Pouches Market Drivers
Growing Preference for Lightweight and Flexible Packaging
Pouches Market Restraints
Higher Initial Investment
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The presence of both domestic and international firms has greatly fragmented the market. In order to maintain its dominant position in the market, Amcor plc, one of the top firms in the sector, primarily focuses on acquisitions and new product releases. The company serves all end-use industries in the marketplace. For instance, ProAmpac introduced retort pouches with 30% post-consumer recycled material in 2022. This effort aims to decrease the amount of virgin plastic in the products while maintaining packaging effectiveness and filling line productivity.
Companies in the sector primarily provide customers with customized packaging solutions, and they are using tactics like acquisitions and mergers and the introduction of new products to acquire a competitive edge.
Pouches Market Top Player’s Company Profiles
Pouches Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Pouches Market analysis, the growth of the market is primarily driven by rising demand for packed food and beverages, along with the affordability and convenience of using them. Pouches' compactness and light weight allow them to fit into smaller spaces in transportation vehicles, which also greatly lowers the cost of transportation. Additionally, the availability of different closure options in pouches, such as a spout, zipper, & tear notch, is drawing customers and boosting market growth. Due to evolving lifestyles and advancements in food processing processes, the packaged food market is steadily expanding globally. This market expansion is anticipated to continue over the forecast period.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 37.86 Billion |
Market size value in 2030 | USD 63.1 Billion |
Growth Rate | 5.9% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pouches Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pouches Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pouches Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pouches Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15A2197
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