Pouches Market Size Worth US$ 51 Bn by 2027 | CAGR of 4.4%

The global pouches market is anticipated to grow at a CAGR of around 4.4% during the forecast period 2020 to 2027 and to reach around US$ 51.0 Bn by 2027

News provided by

Acumen Research and Consulting

Apr 22, 2020, 09:30 ET

LOS ANGELES, April 22, 2020 /PRNewswire/ -- Acumen Research and Consulting, a global provider of market research studies, in a latest published report titled "Pouches Market (By Type: Stand-up Pouches, Flat Pouches, Roll Stock; By Material: Plastic, Metal, Paper, Bioplastics; By Treatment: Aseptic, Standard, Retort, Hot-Filled; By Application: Food, Beverage, Medical & Pharmaceuticals, Cosmetic & Personal care, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027."

Get Free Report Sample Pages for Better Understanding@ https://www.acumenresearchandconsulting.com/request-sample/1815

North America market is expected to account for significant revenue share in the global pouches market due to presence of major players operating in the country. In addition, increasing demand from food & beverage manufactures for pouches is expected to support the growth of target market in this region. High competition among the manufactures in the region is resulting in growing demand for flexible packaging solution. Pouches tend to be a better solution for players as they are versatile packages and provides a brand differentiation for customers.

Major players operating in the region are investing high for R&D activities in order to attract new customers with innovative product launches and focused on increasing the production capacity are factors responsible to impact the market regional market growth positively.

In 2020, ProAmpac invested for development of Collaboration & Innovation Center (CIC) at its manufacturing facility in New York. The company is leader in flexible packaging and the development would play an important role in accelerating ProAmpac's product development, application testing and analytical capabilities.

The market in Asia Pacific is expected to witness faster growth due to increasing player's inclination towards developing countries in order to track the untapped market. In addition, increasing partnership activities between regional and international players in order to increase the customer base is expected to further support the growth of target market in this region.

Packaging plays a major for manufacturers in order to attract customers with the availability of flexible packaging solution the players can cater to the exact customer need and increase the profit ratio. Pouches provide the producer the exact benefits in order to stay ahead of the competition as they are available in required size and shape and aid in product safety. High demand for pouches from various end use industries such as pharmaceutical, cosmetic, food & beverage, etc. is a major factor expected to drive the growth of the global market.

View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/pouches-market

In addition, flourishing cosmetic industry across the globe, rising demand for pocket friendly beauty products is expected to increase demand for pouches which is another important factor expected to support the market growth. Consumer demand related to beauty products is changing. Pouches provide manufacturers the advantage to produce product with different quantity allowing consumers to buy products according to their convenience that can be stored in cupboard or other necessary places.

Major players focus towards business expansion through strategic merger and acquisition in order to increase the company presence, customer base and enhance the product portfolio this is another factor expected to support the growth of target market.

In 2019, Sealed Air Corporation acquired Automated Packaging Systems, Inc. a leading manufacturer of high-reliability, automated bagging systems. This acquisition will help to company to strengthen its position in flexible packaging system.

However, factor such as stringent government regulation related to product approval is expected to hamper the growth of global market. Government of developed and developing countries is imposing strict regulation related to use of plastic in food & beverage products. Recyclability of the plastic product is the major issue faced by the government of developed and developing countries. In addition, availability of other packaging alternatives is expected to challenge the growth of target market.

Technological advancement by the major players and high investment for R&D activities in order to produce innovative products are factors responsible to create new opportunities over the forecast period. In addition, inclination towards developing economies due to easy availability of raw material and low cost labor is expected to further revenue support the market traction.

The global pouches market is segmented in to type, material, treatment, application. The application segment is bifurcated into food, beverage, medical & pharmaceuticals, cosmetic & personal care, and others. Among the application the medical & pharmaceuticals segment is expected to account for significant revenue share.

Players operating in the global pouches market are Bemis Company, Mondi, Sonoco, Sealed Air, Berry Global Group, Coveris, ProAmpac, Smurfit Kappa, Amcor and Huhtamaki.

Request for Customization@ https://www.acumenresearchandconsulting.com/request-customization/1815

The report is readily available and can be dispatched immediately after payment confirmation.

Buy this premium research report@ https://www.acumenresearchandconsulting.com/buy-now/0/1815

If you would like to place an order or have any questions, please feel free to contact at [email protected] | +1-407-915-4157 OR +1-408-900-9135

About Us

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. Among the industries served include aerospace and defense, information and communication technology (ICT), semiconductor and electronics, healthcare and pharmaceuticals, chemicals, advanced materials, banking, finance services and insurance (BFSI), and others.

Our collective industry experience of over 100 years has helped us to offer appropriate market information and our global reach and regional connects ensures appropriate insights into regional markets to guarantee apt delivery of information.

Our regional market intelligence helps our clients to identify potential opportunities and develop growth strategies across regions and countries. Our services are geared towards offering best market research to our clients.

Contact Us:
Mr. Frank Wilson
Acumen Research and Consulting
17890, Castleton St #218
Rowland Heights, CA 91748 United States
Tel: +1-407-915-4157 OR +1-408-900-9135
Email: [email protected]

Website: https://www.acumenresearchandconsulting.com

SOURCE Acumen Research and Consulting