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Spout & Non-Spout Liquid Pouch Packaging Market 2019 – 2024 Trends, Growth Forecast & Competitive Analysis: Sonoco, The Dow Chemical Company, Constantia Flexibles, Smurfit Kappa, UFLEX Group, Glenroy, Inc., Huhtamaki, Ampac Packaging
Spout & Non-Spout Liquid Pouch Packaging Market
North America is expected to capture more than 25% market share by 2024. Strong presence of prominent companies owing to technological developments in the region fostering regional growth. High food and safety standards of the U.S. government increasing attention for the hygienic packaged option. Increasing consumption of fast food products propelling requirement for suitable pouch packing selection in the region. Shifting consumer preference toward packaged oil, cream and gel product positively supporting industry share.
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Increasing demand for convenient packaging owing to changing consumer lifestyle are the primary drivers boosting spout & non-spout liquid pouch packaging market. Improved disposable income leading towards healthy food consumption such as fruit juices, fruit pulps and liquid diet likely to support product penetration rate. Health conscious consumers including athletes, sports person and professionals are widely using liquid diet supplements for nutritional gains strongly supporting industry development.
High convenient pouch packaging option especially for ready to eat applications boosting product demand. Changing eating habits and improved preference towards fast food products bolstering industry share. Enhanced safety, high-quality standards and extended shelf life are major factors supporting adoption specifically in infant food applications instigating product landscape.
Technological advancements offering high-quality hygiene and aseptic packing alternatives in large applications is expected to propel industry size. Increased durability, the extended shelf life for packaged food products, and low weight advantages stimulating market penetration. Hygienic packaged drugs & medicines, pharmaceutical products owing to dust free benefits are projected to strengthen spout & non-spout liquid pouch packaging market during the forecast time frame.
Fluctuating raw material cost owing to changing crude oil prices are major concerns hindering product demand. Stringent government regulations over the release of CO2 and other harmful gases during manufacturing process damaging environmental health. These key factors are major concerns limiting spout & non-spout liquid pouch packaging industry growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Sonoco
2. Ampac Packaging
3. Swiss Pac
4. IMPAK Corporation
5. Smart Pouches
6. UFLEX Group
7. Poster Packaging
8. Tetra Pak
9. Weyerhaeuser
10. BillerudKorsnäs
11. Smurfit Kappa
12. Clondalkin Flexible Packaging
13. Südpack Verpackungen GmbH & Co. KG
14. BBC Cellpack Packaging
15. Huhtamaki
16. Constantia Flexibles
17. The Dow Chemical Company
18. Glenroy, Inc.
19. Pouch Makers Canada Inc
20. BEE Packaging
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/spout-and-non-spout-liquid-pouch-packaging-market
Spout liquid pouch packaging segment is estimated to hold over 80% industry share in 2017 owing to better accuracy during pouring process. Presence of pouch valves for the stoppage, low-cost benefits, high convenience for fluids along with reduction of waste chances accelerating product adoption in varied applications.
200 ml size segment is expected to experience more than 8% CAGR up to 2024 owing to high consumer preference in several applications including industrial, home care, and personal care. Improving demand for RTE products, liquid dietary, dairy items due to limited quality and low-cost benefits primarily driving convenient pouch packaging demand.
Personal care market accounted for more than USD 620 million in 2017. Improved urban lifestyle owing to the amplified adoption of personal care products in several countries such as the U.S. Germany, France, China, and Brazil significantly contributing industry revenue share. Strong business outlook from personal care products including liquid soaps, hair gels, shampoo, and conditioners are fostering industry size.
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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Home care industry is anticipated to witness over 7% CAGR up to 2024. Changing lifestyle pattern along with high adoption of washing machines capturing focus on indoor washing of clothes, apparel and daily wearable items fueling demand for liquid detergents. Growing demand for fluid soaps, detergents and other home cleaning products is anticipated to fuel spout & non-spout liquid pouch packaging market share over the forecast timeframe.
Global spout & non-spout liquid pouch packaging market is fragmented in nature owing to the large existence of domestic and local packaging product manufacturers in the market. The major companies include Swiss Pac, Impak, Uflex, Smurfit Kappa, Weyerhaeuser Company, Sonoco, Tetra Pak International and Ampac. Other key players include Constantia Flexibles, Clondalkin Group, Cellpack, Billerudkorsnas AB, and Dow Chemical, Huhtamaki Oyj. Manufacturers are continuously focusing on product development and innovation in packaging quality to improve competitive edge from other companies.
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