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Spout & Non-Spout Liquid Pouch Packaging Market Trend, Revenue & Regional Analysis 2018-2024 By Top Players - Sonoco, The Dow Chemical Company, Constantia Flexibles, Smurfit Kappa, UFLEX Group, Glenroy, Inc., Huhtamaki, Ampac Packaging
Spout & Non-Spout Liquid Pouch Packaging
Necessity for light weight and easy to carry products particularly among travelers and tourists will drive the spout liquid pouch packaging market size. Improved consumer experience accompanied by ease in consumption and stain free properties will support the industry growth. Rapid urbanization along with busier lifestyles enhancing the processed food demand will support the product scope.
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Spout liquid pouch packaging market will witness CAGR at over 6.5% up to 2024. No spillage along with high protection layering are among major properties driving product scope in food & beverage, pharmaceutical, and industrial applications. Non-spout liquid pouch packaging market dominates the industry share. Design flexibility along with product innovations are among key factors fueling the business growth.
Global Spout & Non-Spout Liquid Pouch Packaging Market, By Application
• Food & beverages
• Infant food, apple sauce, pudding, condiments, jelly, peanut butter, sauces
• Liquid products
• Viscous products
• Pasty products
• Industrial
• Lubricants
• Fluids
• Paint & coatings
• Personal care
• Liquid soap
• Shampoo
• Home care
• Liquid detergents and diluted bleach
• Softener
• Pharmaceutical
• Creams & gels
• Syrups
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Food & beverage applications in non-spout liquid pouch packaging market was valued over USD 3 billion in 2017. Shifting consumer preferences towards processed food and fluid diet due to increasing health awareness will proliferate the application scope. Extensive durability through flavor retention, nutritional value and freshness maintenance are substantial properties driving product penetration.
200ml size exhibited a dominating share in the spout liquid pouch packaging market share. High application scope owing to light weight, compatible strength along with adoption of standardized sizes in food & beverage applications will propel the segment growth. Rising penetration in personal care and home care segments particularly for soaps & detergents will support the product demand.
Asia pacific non-spout liquid pouch packaging market is anticipated to report more than 2 million tons by 2024. Rising penetration of supermarkets offering discounted prices coupled with increasing consumer spending on FMCG products will drive the industry demand. Potential food & beverage and home care market is among primary driver for regional industry growth
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Global industry share is highly fragmented owing to presence of large number of unorganized small-scale players along with global players. Ampac, IMPAK Corporation, Uflex, Tetra Pak International, Sonoco, Swiss Pac, and Weyerhaeuser Company are among major players. Expanding distribution and sales network coupled with research & development investments are among vital strategies adopted among industry players. Other prominent players include Constantia Flexibles, Clondalkin Group, Südpack Verpackungen, Cellpack, Huhtamaki Oyj, DOW Chemical Company, and Smurfit Kappa.
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