Report Description
A recent market intelligence report that is published by Data Insights Partner on the global Pouches Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Pouches Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Pouches Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Pouches Market is offered. In accordance with the report, the global Pouches Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Definition
Pouches refer container type small bag. Buffalo Pouch, Stand-up pouch, retort pouch, IIeo-anal pouch, Indiana pouch, electric heating pouch, diplomatic pouch, and cadaver pouch are some of the variants of pouches. Pouches can be direct heat sealer or vacuum pouch sealers. Pouches are lightweight, convenient, not adverse to the environment when made out of bioplastics and paper, easy to handle, ease in shelfing and disposable. The various end user of pouches id primarily driving its market.
Market Drivers
The convenience associated with the usage of pouches both to the producers end and the consumers end is providing the initial impetus to the pouches market. Owing to the compactness and feathery weight, they occupy less space while transportation and distribution, pouches are cost-effective in reducing transportation cost of the producers. The reusability, lightweight, visual aesthetic and ease of opening and closing is driving the consumers to use pouches. In case of retail counters, they can be easily stacked in. The convenience associated with using pouches is fueling the pouches market.
The flourishing food and beverage sector coupled with the significant application of pouches in this sector is boosting the growth of the pouches market. Also, the soaring demand for effective packaging to aid ready-to-eat meals, packaged foods and reduce the wastage of food is charging up this market. Further, the spurring online food ordering trends is a determining factor to the growth of this market.
Environmental concern among individuals and the governments across the globe is pushing the growth of this market ahead. The production of pouches involves lesser utilization of water, energy and raw materials comparative to other methods of packaging. The depleting natural resources and the lower landfill spaces associated with the disposal of pouches is empowering the growth of this market. Moreover, the stringent regulations of the government relating to environmental concern complementary to the surging undertaking of sustainable projects across the globe is powering the growth of the pouches market.
Market Restraints
Hard and fast directives of the government with respect to the use of plastics and polymers in the production of pouches owing to environmental concern is hindering the growth of the pouches market.
The premium cost of the raw materials used in the production of pouches is retarding the growth of this market.
The necessity of a huge production space inherited in the production of stand-up pouches is severely straining the growth of the pouches market.
The paucity of filling equipment based on high speed is negatively affecting the economies of mass production and threatening the growth of the pouches market.
Opportunities
The flexibility and cost-effectiveness offered by the use of flexible packaging over rigid packaging is likely to generate ample opportunities for the pouches market.
Transition of lifestyle and technical advancement of food processing equipment is thriving the food and beverage sector and is expected to positively influence the pouches market in the years to come.
According to FDA Regulations, the packages of pet food products comes in close resemblance to the packaging of packaged foods of the humans. Soaring adoption of pets by different families across the globe is expected to provide lucrative opportunities to the pouches market.
Trends
The Asia Pacific region is expected to witness significant growth in the pouches market in the forecast period. This can be traced back to the presence of emerging economies like India and China in the Asia Pacific region. Economic growth and development and robust increment in disposable income is expected to boost up the pharmaceutical industry, food and beverage sector, Cosmetics and skincare market and the pet food market. This in turn is expected to charge up the pouches market in the forecast period. The drive for pouches to pack fresh consumable food, coupled with the rising trend of dependence on ready-to-eat meals and development of the online platforms for ordering food is projected to be some of the leading causes of market growth. The adherence of China Government to policies aimed at environmental conservation and keen interest in biodegradable products is expected to positively empower this market. the stand-up pouches segment is expected to dominate the pouches market in the forecast period owing to its easy storability.
Segment Covered:
This market intelligence report on the global Pouches Market encompasses market segments based on product type, material, treatment type, application, and country.
By Product Type the global Pouches Market has been divided into:
q Roll Stock
q Flat Pouches
o Four-side Sealed
o Three-side Sealed
o Pillow
q Stand-Up Pouches
o Side Gusset
o Bottom Gusset
o Block Bottom
By Material the global Pouches Market has been divided into:
q Bioplastic
q Paper
q Metal
q Plastic
By Treatment Type the global Pouches Market has been divided into:
q Hot-filled
q Retort
q Standard
q Aseptic
By Application the global Pouches Market has been divided into:
q Food and Beverage Sector
q Medical and Pharmaceutical
q Cosmetics and Personal Care
q Others
By country/region, the global Pouches Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Amcor
q Smurfit Kappa
q ProAmpac
q Crown Holdings
q Berry Global Inc
q Tetra Level International S.A.
q Sealed Air
q Sonoco
q Mondi
q Coveris
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Pouches Market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Amcor
In June 2019, Bemis Company Inc was acquired by Amcor. The former being an international player in the flexible packaging market offering a variety of pouches to its customers. The acquisition was aimed at improving Amcor’s product portfolio and global presence.
Smurfit Kappa
In June 2019, a brand-new stand-up pouch for olive oil weighing 17 times lesser than glass packaging and comprising 1.5 liters of olive oil in pouches was launched by Smurfit Kappa. The new pouch uses lower levels plastic, carbon footprint during distribution and is cost-effective.
ProAmpac
In April 2018, Pactech Packaging was acquired by ProAmpac. The objective of the acquisition was bring production diversity in flexible pouch packaging, widen product portfolio to offer a range of packages to its consumers.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Pouches Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Pouches Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Pouches caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Pouches Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Pouches Market
v Identification of key factors driving investment opportunities in the Pouches Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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