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How are evolving eating habits of people driving spout & non-spout liquid pouch packaging market demand?

09-02-2020 08:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Spout & Non-Spout Liquid Pouch Packaging Market

Spout & Non-Spout Liquid Pouch Packaging Market

Growing consumer inclination towards convenient packaging due to change in lifestyle is the primary factor driving global spout & non-spout liquid pouch packaging market trends. Spout & non-spout liquid pouch packaging offers several benefits such as lower manufacturing costs, extended shelf life, enhanced supply chain effectiveness, greater consumer appeal, light-weight and augmented sales.

Rise in disposable income, healthy food consumption along with consumer inclination towards convenient packaging is supporting product proliferation. The packaging is ideal for ready to eat applications. Changing eating habits and growing preference for fast food products will foster industry growth. Moreover, strict packaging guidelines ensuring quality of the packaged product will further bolster global spout & non-spout liquid pouch packaging market expansion through 2024.

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Why is spout & non-spout liquid pouch packaging gaining traction is personal and home care applications?

Spot and non-spout packaging are widely used for a slew of personal and homecare products from liquid hand washes to body oils to detergents due to ease of usage. In 2017, personal care applications generated a revenue of over USD 620 million for the industry. This can be attributed to growing adoption of products like hair gels, shampoo, conditioners, liquid soaps and others due to improved urban lifestyle in both developed and developing countries.

The spout and no-spout packaging demand from home care end-use is set to grow at 7% through 2024 on account of changing lifestyle patterns and adoption of convenience appliances like washing machines. In 2019, the global laundry detergent market was valued at USD 116.72 billion. Growing demand for detergents, fluid soaps, sanitizers and other home cleaning products may boost industry landscape over the coming years.

What are the factors impacting regional spout & no-spout liquid pouch packaging market trends?
In 2017, Asia Pacific region contributed towards a revenue generation of more than USD 1.8 billion for the market due to significant increase in packaged food consumption in the region. The region boasts of a large dairy industry and is offering lucrative business growth due to increase in requirement for a convenient option.

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North America is expected to hold over 25% of the global market share over the coming years on account of presence of prominent companies foraying into spout/non-spout liquid packaging business. Also, high food safety standards set by the U.S. government has led to increased attention on hygienic packaging options, which in turn has fueled product demand. Growing consumption of fast food products will bolster the demand for pouch packing solutions over the coming years.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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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