Report ID: SQMIG15A2197
Report ID:
SQMIG15A2197 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
147 |
Figures:
78
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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Report ID: SQMIG15A2197