Global Liquid Pouch Packaging Market to reach $10.5bn By 2024 | Key Players are Scholle IPN, Constantia Flexibles, Goglio S.p.A., Ampac Packaging, The Dow Chemical Company, Tetra Pak, Smurfit Kappa, Mondi Group, Weyerhaeuser, Bemis Company, Inc., Huhtamak
Asia Pacific liquid pouch packaging market share accounted for more than 35% in 2016. Changing income and demographic trends are leading to increased consumer spending on packaged food products will propel the industry growth.
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Liquid Pouch Packaging Market size will exceed USD 10.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Shifting consumer preference for convenient packing solutions due to demographics and lifestyle dynamics are key trending factors driving liquid packaging demand. High flexibility, low weight and easy to carry will remain key properties enhancing product penetration. Increase in consumer spending on energy drinks and prevalent health awareness trends will drive growth. Global energy drink spending was over USD 40 billion in 2016.
Pillow products accounted for more than 34% of the liquid pouch packaging market share in 2016. Competitive pricing along with strong consumption of dairy products including milk, curd, yoghurt, and creams will drive this segment. Global dairy industry will generate revenue over USD 450 billion by 2024, with China being the major consumer.
Stand-up liquid pouch packaging market generated over USD 1.5 billion in revenue for 2016. Capability to stand upright and offer attractive aesthetic appearance for the retail shelf are key properties. Increase in product adoption among retailer’s due to easy handling and low shelf-space requirements will fuel demand.
Spout pouches are the fastest growing product owing to beneficial factors including transportation ease, handling, and ready to pour. Demand for infant spout pouches could witness over 7% gains through to 2024. Global baby food spending was over USD 50 billion in 2016. Day care centers or creche have also witnessed strong consumption for spout products owing to serving with ease facility.
Polyethylene is the widely used packing material and generated over USD 2 billion in revenue for 2016. Key properties offered by the material includes high insulation, durability, and flexibility along with stain and moisture resistance. Upward polymer price trend along with environmental regulations pertaining to material residues will impact the industry growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. The Dow Chemical Company
2. Tetra Pak
3. Smurfit Kappa
4. Mondi Group
6. Bemis Company, Inc.
7. IMPAK Corporation
8. Swiss Pack Pvt. Ltd
9. Ampac Packaging
10. Pack o Flex
11. Sampack Group
12. PACKMAN INDUSTRIES
14. PouchTec Industries, LLC.
15. Goglio S.p.A.
16. Bischof + Klein
17. Clondalkin Flexible Packaging
18. Südpack Verpackungen GmbH & Co. KG
19. Cellpack Lauterecken GmbH
21. Constantia Flexibles
22. Hood Packaging Corporation
23. Sonoco Products Company
24. Scholle IPN
25. Tyler Packaging
26. Glenroy, Inc.
27. Sealed Air Corporation
28. HPM Global Inc.
29. Smart Pouches
30. UFLEX Group
31. Omniverse Foster Packaging Pty Ltd
32. Paras Printpack
33. Pouch Direct Pty Ltd
34. Sunflex Laminators - India
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Flexible liquid pouch packaging generated over USD 5 billion revenue in 2016. Shifting preference for easy to carry products have enhanced the product demand. Moreover, the product enables ease in labelling & printing of colorful designs.
Food & beverages accounted for more than 50% of the overall industry share in 2016. Increasing consumer consciousness towards hygiene along with increased spending on ready to eat food & beverages will fuel the liquid pouch packaging market growth.
The industry has witnessed increased demand from lubricants and paint & coatings. Safe and easy transportability has positively influenced product demand in this segment.
Aseptic liquid packaging technique sales were worth over USD 3 billion in 2016. Rising demand for sterile and hygienic product packing will drive the demand. Form fill seal technology will witness more than 5.5% CAGR up to 2024. High production efficiency, fast filling along with food safety have enhanced the industry growth.
Global industry share is fragmented due to the presence of regional manufacturers. Tetra Pak International, DOW Chemical Company, Weyerhaeuser Company, Smurfit Kappa, Mondi PLC, IMPAK Corporation, Bemis, Bischof + Klein International and Ampac are the major industry players.
Liquid Pouch Packaging Market, By Technique
• Blow molding
• Form fill seal technology
• Aseptic liquid packaging
Browse key industry insights spread across 800 pages with 944 market data tables & 23 figures & charts from the report, “Liquid Pouch Packaging Market” in detail along with the table of contents:
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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