The Liquid Pouch Packaging Market is set to grow from its current market value of more than $5.5 billion to over $10.5 billion by 2024
The Liquid Pouch Packaging Market is set to grow from its current market value of more than $5.5 billion to over $10.5 billion by 2024; as reported in the latest study by Global Market Insights, Inc.
Treading on the path of innovation, Liquid Pouch Packaging Market will continue to carve a profitable road map in the coming years. A paradigm shift in consumer preference toward liquid diet has been observed lately in the beverage industry, a key trend driving the global market demand. This is quite evident from the increased consumer spending in energy drinks, which almost touched USD 40 billion in 2016. As consumers become more conscious about the quality of the food purchase, it is imperative that they choose to seek sustainability and convenience in packaging.
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Easy storage and transportation coupled with reduced carbon emissions has encouraged the product demand. Growth in organized retail sector along with rising demand to improve shelf life is projected to stimulate liquid pouch packaging market.
Improved barrier properties in thin elastic material along with advancement in high speed filling equipment will fuel the product demand. Strong outlook in soaps, detergents and other home care products will create lucrative opportunities for the industry growth. Fluctuating raw material prices along with recyclability issues are the major restraints of the industry growth.
Flexible liquid pouch packaging market was worth over USD 5.3 billion in 2016. High flexibility has enhanced the easy handling particularly while travelling. Ease in colourful printing & labelling due to flexible product design has further enhanced the industry demand.
Based on product landscape, stand up liquid pouch packaging market crossed the billion-dollar business fraternity in 2016 and the trend is likely to continue, taking into consideration the increasing adoption of these pouches across myriad end use domains. The huge growth of the market can be credited to the products’ capability of imparting an aesthetic appearance to food products along with minimal space requirement.
North America liquid pouch packaging market, on the other hand, is mainly represented by U.S, given the country’s stringent regulatory framework with regards to food safety. California’s Proposition 65, Labelling Act, and Poison Prevention Packaging Act are some of the legislations favoring the regional industry expansion. With a strong demand for FDA approved packaging, U.S. liquid pouch packaging market is slated to experience a y-o-y growth of 5.5% over 2017-2024.
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Asia-Pacific is the fastest growing region and was valued over USD 2.67 billion in 2015. Improving economic conditions and rising disposable income in India and China will support the industry . Growth in pharmaceuticals, cosmetic and food & beverage industry will propel the product penetration. Increasing online sales due to expansion in e-commerce industry will drive the regional demand.
Global liquid pouch packaging market is fragmented owing to presence of numerous regional manufacturers. Some of key players are Swiss Pack, Steripack, Bemis, Constantia and Amcor. Several other industry participants are Adam Pack, Comar, Elopak, Evergreen, IPI, Liqui-Box, Nippon Paper Industries, Refresco Gerber, SIG Combibloc, Tetra Laval, Tetra Pak, Tide Pak and Tri-Wall.
Glimpse of Table of Content (ToC)
Chapter 4 Liquid Pouch Packaging Market, By Packaging
4.1 Global liquid pouch packaging industry share by packaging ,2016 & 2024
4.2.1 Market estimates and forecast, 2013 – 2024, (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast from rigid, by region, 2013-2024 (Kilo Tons) (USD Million)
4.3.1 Market estimates and forecast, 2013 – 2024, (Kilo Tons) (USD Million)
4.3.2 Market estimates and forecast from flexible, by region, 2013-2024 (Kilo Tons) (USD Million)
Chapter 5 Liquid Pouch Packaging Market, By Material
5.1 Global liquid pouch packaging industry share by material, 2016 & 2024
5.2.1 Market estimates and forecast, 2013 – 2024, (Kilo Tons) (USD Million)
5.2.2 Market estimates and forecast from polyester, by region, 2013-2024 (Kilo Tons) (USD Million)
5.3.1 Market estimates and forecast, 2013 – 2024, (Kilo Tons) (USD Million)
5.3.2 Market estimates and forecast from polyethylene, by region, 2013-2024 (Kilo Tons) (USD Million)
5.4.1 Market estimates and forecast, 2013 – 2024, (Kilo Tons) (USD Million)
5.4.2 Market estimates and forecast from polystyrene, by region, 2013-2024 (Kilo Tons) (USD Million)
5.5.1 Market estimates and forecast, 2013 – 2024, (Kilo Tons) (USD Million)
5.5.2 Market estimates and forecast from polypropylene, by region, 2013-2024 (Kilo Tons) (USD Million)
5.6.1 Market estimates and forecast, 2013 – 2024, (Kilo Tons) (USD Million)
5.6.2 Market estimates and forecast from aluminum, by region, 2013-2024 (Kilo Tons) (USD Million)
5.7 Fitments, tubes & spouts
5.7.1 Market estimates and forecast, 2013 – 2024, (Kilo Tons) (USD Million)
5.7.2 Market estimates and forecast from fitment, tubes, & spouts, by region, 2013-2024 (Kilo Tons) (USD Million)
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/liquid-pouch-packaging-market
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