Open Pouch Laminates Market Price, statistics & forecast trends by 2024
This Open Pouch Laminates Market report is an exhaustive research on companies active in Open Pouch Laminates sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years.
Open Pouch Laminates Market size is likely to expand at a prominent CAGR in the forecast period. Open pouch laminates are one of the important packaging solutions to food & beverage and pharmaceutical manufacturers these days.
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The prime factor responsible for propelling open pouch laminates market size is the booming product demand in pharmaceutical industry. It is extensively used in variety of pharmaceutical products such as small size medical devices, capsules and tablets. The product is widely used by pharmaceutical manufacturers owing to moisture prevention property.
The Open Pouch Laminates are majorly used in packaging of frozen foods, perishable food items, food products (which requires heat preservation) and cold non-alcoholic beverages. Thus, escalating food product demand across the globe is likely to fuel the open pouch laminates market size in the coming years.
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Reasons to Buy This Report:
- Open Pouch Laminates Market size & share forecast by product & application 2017-2024
- Growth drivers, pitfalls & industry challenges
- Key Open Pouch Laminates Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
Based on type of product, the open pouch laminates market size can be segmented into paper, polyethylene, aluminum and aluminum foil. Though, polyethylene open pouch laminates have durability and superior tamper resistance, yet paper open pouch laminates market is gaining popularity among consumers owing to its bio-degradability and easy availability.
The differentiating factor of Open Pouch Laminates market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focused multiple trends for Open Pouch Laminates industry are discussed along with regional trends to offer an overall view of the market.
Aluminum open pouch laminates are widely used in computer hardware, pharmaceutical, health supplements and beverage industry. This can be attributed to its heat & abrasion resistance properties, hygienic packaging, contamination free and user friendly aesthetics. It is also used in packaging of inherent oils and flavors that need to be secured from oxidation.
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Open pouch laminates market share finds extensive application in pharmaceutical and food & beverage industry. In the pharmaceutical industry, the product is mainly used in oral dissolve strips and transdermal & trans mucosal drug delivery system. Properties such as seal integrity and compatibility with different sterilization techniques make the product highly desirable for packaging of medicines and drugs in pharmaceutical industry.
Asia Pacific is anticipated to be the fastest growing region over the forecast period. This can be attributed to the exponential growth of pharmaceutical industry in this region. India and China are expected to be the major consumers of the open pouch laminates in Asia Pacific owing to the huge investments in healthcare and pharma sector done by their respective governments.
The prominent market players functional in the product market are Rotek laminates, Amcor limited, USI Inc., Mondi group and Oracle packaging. Other companies include Alta Global Inc., Shako Flexipack Private Limited, DaklaPack Group and Paras Print Pack.
The key open pouch laminates market share contributors are emphasizing on partnership with local companies to expand their product portfolio and to penetrate their offerings into countries such as Thailand, Indonesia, Malaysia and others in Asia Pacific and Brazil & Mexico in Latin America.
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