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$10.5bn Opportunity by 2024 in the Liquid Pouch Packaging Market: Global Key Vendors -Tetra Pak International, DOW Chemical Company, Weyerhaeuser Company, Smurfit Kappa, Mondi PLC
Liquid Pouch Packaging Market
Increasing per capita income along with rapid urbanization has enhanced the liquid pouch packaging market growth. Growth in product usage to promote, position and brand the products has positively influenced the industry growth.
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Easy storage and transportation coupled with reduced carbon emissions has encouraged the product demand. Growth in organized retail sector along with rising demand to improve shelf life is projected to stimulate liquid pouch packaging market.
Shifting preference for convenient packaging due to its carry and go and easy handling properties will drive the liquid pouch packaging market. Changing lifestyle and standard of living leading to increased demand for packaged and processed food will further support the product demand.
Growth drivers are
1. Increasing demand for convenient pouches
2. Shift in manufacturer preference towards cost effective packaging solutions
3. Growing requirements for brand enhancement in an increasingly competitive environment
4. Digital shoppers are driving change
Inclination towards liquid diet owing to its health benefits has enhanced the product scope. Increasing product usage for energy drinks, juices, applesauce and infant food will drive the liquid pouch packaging market growth.
Pillow liquid pouch packaging market was valued over USD 2.09 billion in 2016. Improved barrier against oxygen & moisture coupled with low cost will encourage the product demand. Strong outlook in diary industry including milk, curd, yogurt and cream products will drive the industry demand.
Food and beverages is expected to witness growth at over 7.6% up to 2024. Changing eating habits and lifestyle of customers owing to hectic schedule has increased the processed and packaged food demand globally.
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The U.S. liquid pouch packaging market revenue was valued around USD 1.24 billion in 2016. Expansion in the bakery and confectionary industry will fuel the industry . Rising demand for convenient packages along regulatory compliance are the key factors driving the product demand.
Table Of Content For This Research Report:
Liquid Pouch Packaging Market, By Packaging
• Rigid
• Flexible
Liquid Pouch Packaging Market, By Material
• Polyester
• Polyethylene
• Polystyrene
• Polypropylene
• Aluminum
• Fitments, tubes & spouts
Liquid Pouch Packaging Market, By Application
• Food & beverages
• Infant food
• Liquid products
• Viscous products
• Pasty products
• Industrial application
• Lubricants
• Fluids
• Paint & coatings
• Personal care
• Liquid soap
• Shampoo
• Home care
• Liquid detergents and diluted bleach
• Softener
• Pharmaceutical
• Creams & gels
• Syrups
Liquid Pouch Packaging Market, By Technique
• Blow molding
• Form fill seal technology
• Aseptic liquid packaging
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Asia-Pacific is the fastest growing region and was valued over USD 2.67 billion in 2015. Improving economic conditions and rising disposable income in India and China will support the industry . Growth in pharmaceuticals, cosmetic and food & beverage industry will propel the product penetration. Increasing online sales due to expansion in e-commerce industry will drive the regional demand.
Global liquid pouch packaging market is fragmented owing to presence of numerous regional manufacturers. Some of key players are Swiss Pack, Steripack, Bemis, Constantia and Amcor. Several other industry participants are Adam Pack, Comar, Elopak, Evergreen, IPI, Liqui-Box, Nippon Paper Industries, Refresco Gerber, SIG Combibloc, Tetra Laval, Tetra Pak, Tide Pak and Tri-Wall.
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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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