Jun 13, 2023
Pouch Revolution: Exploring the Dynamic Market for Versatile Packaging Solutions are expected to sell for US$ 84.6 billion by 2032
According to Future Market Insights, the worldwide pouch market would expand
According to Future Market Insights, the worldwide pouch market would expand with a CAGR of 5.3% over the forecast period. Sales in the market are being driven by uses in food and beverage production, healthcare, personal care and cosmetics, and home care. The market will expand due to the rising demand for affordable, practical, shelf-appealing, and lightweight packaging.
According to the most recent analysis, during the projected period (2022 to 2032), the worldwide pouch market is anticipated to expand at a CAGR of 5.3%. Pouches are expected to sell for US$ 84.6 billion by 2032, up from US$ 50.5 billion in 2022.
The pouch market refers to the industry involved in the production and distribution of various types of pouches used for packaging applications. Pouches are flexible containers made from materials such as plastic films, aluminum foil, or paper. They come in different shapes and sizes, ranging from stand-up pouches to flat pouches, and can be customized to suit specific product requirements. The versatility and functionality of pouches make them a popular choice across a wide range of industries, including food and beverages, pharmaceuticals, personal care, and household products.
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Pouches cost less than rigid packaging types because they utilise less material in production. Additionally, CPG firms are increasingly selecting pouches over rigid packaging items as composite cans, containers, boxes, etc. due to their light weight and flexibility to lower shipping costs.
Flat pouches take up less room in retail stores and can be readily stacked on top of one another, allowing for more product display than other packaging styles. Furthermore, consumers find stand-up pouches on retail shelves more appealing, and the packaging format offers a larger surface area on which high-quality graphics may be printed, resulting in the product type grabbing customer attention in retail outlets more easily than bottles and boxes.
Key Takeaways from Pouch Market
· In terms of material, the metal/foil segment is expected to dominate the global market over the forecast period.
· Based on product type, the stand-up pouches will account for 85% of demand share in the forecast period, growing at a CAGR of 6.1%
· Asia Pacific pouch market is to hold about 24% of the global market share during the forecast period.
· South Asia is anticipated to be the most attractive region for the pouch market during the forecast period owing to the growing food and beverages industry in India and China.
"To enhance convenience and streamlined e-Commerce operations, an increasing number of food and beverage firms are resorting to flexible packaging. This is driving the demand for pouch packaging solutions"
Future Market Insights, in its new report, offers an unbiased analysis of the global market for POUCH market by material type (Plastic, Metal/Foil, Paper) by product type (Stand up, Flat Pouch, Rollstock) by end use (Food & beverages, Pharmaceuticals, Cosmetics & Personal Care, Consumer Electronics, Homecare, Automotive, Chemicals).
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About the Packaging Division at Future Market Insights
Future Market Insights’ packaging division provides in-depth historical research and estimates for the next ten years, as well as a unique dashboard perspective of the competitive landscape. Future Market Insights offers an extensive database for various market verticals, ranging from packaging materials to packaging machines to package designs and formats, providing clients with unique research services and strategic suggestions. With a library of over 1,000 reports, the team has thoroughly examined the packaging sector in more than 50 nations. The team assesses each node of the value chain and delivers end-to-end research and consulting services; contact us to learn more about how we can assist.
The Key Players Are:
The pouch market has witnessed robust growth in recent years and is expected to continue its upward trajectory in the foreseeable future. This growth can be attributed to several factors, including:
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Pouch Market by Category
By End Use:
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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