Press release
Spout and Non-Spout Liquid Pouch Packaging Market 2020: Sonoco, Ampac, Smurfit Kappa, Huhtamaki, Constantia Flexibles, Dow Chemical
Spout and Non-Spout Liquid Pouch Packaging Market
According to new research report, Spout and Non-Spout Liquid Pouch Packaging Market size was estimated at USD 6 billion in 2017 and is projected to surpass USD 10 billion by the year 2024.
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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.
Large dairy industry coupled with huge fluid product verticals present in the market owing to the fast consumption driving requirement for a convenient option. Increasing disposable income in emerging countries including China, South Korea, Japan, India, Malaysia, and Indonesia boosting market share.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Sonoco
o Ampac
o Swiss Pac
o Impak Corporation
o Smart Pouches
o Uflex
o Poster Packaging
o Tetra Pak International
o Weyerhaeuser Company
o Billerudkorsnas AB
o Smurfit Kappa
o Clondalkin Group
o S?dpack Verpackungen
o Cellpack Packaging
o Huhtamaki Oyj
o Constantia Flexibles
o Dow Chemical
o Glenroy
o Pouch Makers CA
o BEE Packaging
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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.
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.
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.
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