Press release
High Barrier Pouches Market by Trends, Key Players, Driver, Segmentation, Forecast to 2024
High Barrier Pouches Market
Global high barrier pouches market is fragmented due to presence of limited industry players. Some of the key players are American Pouch, Bemis, Bischof+Klien, Clifton Packaging, Essentra PLC, Hood Packaging, Sonoco, Fres-co System, Dura Pack, Amcor, Sealed Air, BERNHARDT Packaging and Process, ClearBags, Flair Flexible Packaging, HPM Global, Krehalon UK, Oliver-Tolas Healthcare Packaging, Prairie State Group, The Vacuum Pouch Company, Shako Flexipack.
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Changing lifestyle and increasing disposable income particularly in developing countries will support industry growth. Technological advancements in product design to prevent loss of moisture and retain product freshness are major factors fueling product demand. Reduced packaging material usage along with low storage and handling cost will drive high barrier pouches market.
Rising consumption of packaged beverages particularly among millennials is among major factors driving industry demand. Increasing product adoption in pharmaceuticals, personal care & homecare, and pet food industry will propel the product demand. Moreover, product innovations in add-ons including fitments, spouts, zippers and slider will drive the business growth.
Regulatory compliance along with emergence of food grade materials has enhanced the high-barrier pouches demand. However, stringent regulations on emissions along with increasing concerns on plastic wastes may hamper industry growth.
Key Point of TOC:
Chapter 9. Company Profiles
9.1. American Pouch
9.1.1. Business Overview
9.1.2. Financial Data
9.1.3. Product Landscape
9.1.4. Strategic Outlook
9.1.5. SWOT Analysis
9.2. Bemis
9.2.1. Business Overview
9.2.2. Financial Data
9.2.3. Product Landscape
9.2.4. Strategic Outlook
9.2.5. SWOT Analysis
9.3. Bischof+Klien
9.3.1. Business Overview
9.3.2. Financial Data
9.3.3. Product Landscape
Continue...
Standup pouches will value over USD 1 billion by 2024. Convenience in storage & transportation, enhanced shelf appearance, easy to carry and improved protection of package content are the key factors driving product demand. Excellent resistance against gases and water vapor has stimulated product scope in several applications including pet food, industrial, food and beverages.
Spouted pouch packaging is the fastest growing segment with CAGR over 6% up to 2024. Ease in handling, mess free food consumption along with ready to pour are the key driving factors of industry growth.
Polyethylene high barrier pouches market accounted for more than 25% of overall industry share in 2016. Excellent water and chemical resistance along with tensile strength provides positive outlook for product penetration. Rising demand from homecare, personal care and industrial applications will propel the industry demand.
Industrial application will observe gains over 5% up to 2024. Increasing penetration of standup and spouted packaging for paints, coatings, lubricants and oils will drive industry growth. Rising number of manufacturing facilities along with shifting focus on infrastructure development particularly in emerging nations will support product demand.
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Five-layer accounted for over 55% of total industry share in 2016. Growing adoption of protective additives including EVOH, SiOx and AlOx to improve the packaging strength will fuel industry growth. Necessity for protection against stains, solvents and UV rays have enhanced the demand for multilayer packaging.
Europe will worth over USD 1 billion by 2024. Changing income trends along with improving standard of living will propel business growth. Strong outlook in pharmaceutical sector has enhanced product penetration owing to its heat resistance, acid resistance and greater shelf life properties.
North America high barrier pouches market revenue will witness gains over 6.5% up to 2024. Shifting consumer preference towards liquid diet due to increasing health consciousness will drive regional demand.
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