Impact of Existing and Emerging Stand-Up on Pouches Market

The Pouches Market is projected to grow from USD 36.4 billion in 2019, to reach USD 46.1 billion by 2024, recording a CAGR of 4.8% from 2019 to 2024.

Browse 177 market data Tables and 49 Figures spread through 208 Pages and in-depth TOC on "Pouches Market by Type (Stand-Up, Flat, Rollstock), Material (Plastic Films, Aluminum Foil, Paper, Bioplastics), Treatment Type (Standard, Aseptic, Retort, Hot-Filled), Pouch Weight, Sealer, Application, and Region - Global Forecast to 2024".

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The food industry is estimated to be a major consumer in the pouches market in 2019

Pouches are made of highly sterilized materials. These materials help in protecting the product from contamination, making them ideal for food, beverages, and healthcare packaging. These pouches are manufactured using multiple layered films that protect the contents from moisture, light, and odor, and preserve the freshness of food and beverages items.

The key factors driving the growth of the pouches market include the increase in demand for compact & lightweight packaging solutions for baby food. In the food industry, pouches are widely used in the packaging of sauces, pet food, ready-to-eat/frozen meal, candies, chocolates, snacks, dried fruits & nuts, and confectionery products. Factors that are projected to drive the demand for these pouches in the beverage industry include protection from contamination, aesthetic appeal, and tailor-made packaging solutions, in terms of unique shapes, styles, and designs.

Asia Pacific is projected to account for the largest share in the pouches market during the forecast period

Asia Pacific is projected to dominate the pouches market during the forecast period. This is attributed to the increasing demand for compact packaging solutions from densely populated countries such as India and China. In addition, the growing population in these countries widens the customer base for FMCG products, food, and beverages, which in turn, is projected to drive the growth of the pouches market in the region. Moreover, factors such as industrialization, growing middle-class population, rising disposable income, changing lifestyles, and increasing consumption of packed food products are projected to drive the demand for pouches in the region.

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Key Market Players

Amcor (Australia), Smurfit Kappa (Ireland), Mondi (Austria), Berry Global Inc. (US), Sonoco (US), Sealed Air (US), Huhtamaki (Finland), Constantia Flexibles (Austria), Coveris (Austria), Clondalkin Group (Netherlands), Goglio SpA (Italy), KOROZO (Turkey), ProAmpac (US), Gualapack S.p.A. (Italy), DaklaPack (Netherlands), Wipf Holding AG (Switzerland), A. Hatzopoulos S.A. (Greece), and Formika (Poland) are the key players operating in the pouches market.

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