Global Pouch Packaging Market: Overview
A pouch packaging is made from a laminate of flexible
plastic and metal foils. It provides a hygienic packaging solution to a variety
of food and drinking materials as a result of aseptic processing. The pouch
packaging is expected to replace the food packaging in cans and other metals
packaging products. Owing to these factor the global pouch
packaging market is expected to witness a robust growth in the
forecast period of 2018 to 2026. The market is also projected to grow as a
result of growing snacking trend in various countries. Factors such as improved
FDA regulations for pet food, and reduced transportation cost as a result of
reduced weight of the food filled pouches, are also supporting the growth of
global pouch packaging market in recent times.
A report by Transparency Market Research offers a 360 degree
view of the global pouch packaging market. It offers an in-depth analysis of
various facets of the market including key growth parameters, notable
developments, challenges, and opportunities for various players. The report
offers an insightful information to the players of global pouch packaging
market in order to help them in better decision making.
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Global Pouch Packaging Market: Notable Developments
The global pouch packaging market has a highly fragmented
and competitive scenario. The market is dominated by some of the prominent
players across the globe. Factors such as rising demand of pouches in food and
beverages sector has created enormous opportunities for the players. In order
to leverage such opportunities at the maximum, the players are adopting
strategies such as mergers and acquisitions. These strategies are providing the
players with a competitive edge to stay ahead of their rivals.
- In
April 2019 AmLite Ultra Recyclable pouch was launched by Amcor Ltd. The
new product is designed for packaging a wide range of products such as
food, home and personal care along with pharmaceuticals items. AmLite
Ultra Recyclable pouch can be recycled in existing polyolefin recycling
streams.
- In
January 2018, Amcor Ltd announced the development of all the packaging to
be recyclable or reusable by the end of 2025. The company also planned to
focus on promoting its use and benefits to various regions across the
globe.
Some of the major players of global pouch packaging market
are Tetra Laval International S.A., Reynolds Group Holdings Limited, Berry
Global, Inc, Crown Holdings, and Amcor Ltd.
Global Pouch Packaging Market: Key Drivers
Growing trend of carrying snacks in pouches has become one
of the major factor that is promoting the growth of global pouch packaging
market in the projected tenure. The growth of the market is also influenced by
the growing trend of eating on the go as result of changing lifestyle of the
people. Moreover, the pouch packaging increases the shelf life of the food
products by retaining the taste and nutrition. This has influenced majority of
the working class and health oriented people in various countries. Owing to
these parameters, the global pouch packaging market is expected to witness a
robust growth in the forecast period.
Although the growth of the market is expected to get
hampered as a result of lack of high speed filling equipment impacting the
production and stringent regulatory compliances by organizations such as FDA.
However, the manufacturers are focusing on providing customers with intelligent
solutions designed with customer centric approaches. This is expected to help
the manufacturers to bypass the challenges and keep the growth moving forward
for the global pouch packaging market.
Global Pouch Packaging Market: Regional Analysis
As a result of growing economy of two major countries namely
India and China, Asia Pacific is likely to exhibit the largest growth among all
the other regions of global pouch packaging market. The growth is also
attributed to rising disposable income of the people and growth of food and
beverages, pharmaceuticals, pet-food, and cosmetics in the region. Finally, the
availability of a huge variety of ready to eat foods in the region is also
projected to support Asia Pacific to the top of global pouch packaging market
in the forecast period.
This study by TMR is all-encompassing framework of the
dynamics of the market. It mainly comprises critical assessment of consumers'
or customers' journeys, current and emerging avenues, and strategic framework
to enable CXOs take effective decisions.
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is the 4-Quadrant Framework EIRS that offers detailed visualization of four
elements:
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Maps
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and Tools based on data-driven research
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to meet all the business priorities
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Frameworks to boost the growth journey
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The study strives to evaluate the current and future growth
prospects, untapped avenues, factors shaping their revenue potential, and
demand and consumption patterns in the global market by breaking it into
region-wise assessment.
The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The Middle
East and Africa
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