Pouch Packaging Market Was Valued at USD 41,393.6 million in 2021 Owing to Increased Demand for Food and Beverages packaging

According to Precision Business Insights (PBI) latest report the global Pouch packaging market is valued at USD 41,393.6 million in 2021. Global Pouch packaging market segmented into following types: By Material Type (Plastic, Metal, Paper, and Others), By End User (Food & Beverages, Household Care, Pharmaceuticals, Pet Food, Cosmetics and Personal Care, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and MEA) Forecast to 2028. Key player's profiles in the Pouch packaging market report are Amcor plc, Promac Engineering Industries Limited., Berry Global Inc., Hatzopoulos as a, Constantia Flexibles, Accredo Packaging, Inc., Mondi, Sonoco Products Company. The dairy industry is expected to create reasonable demand for the plastic pouch packaging market. India and China majorly contributed to the dairy sector. The development of bio-degradable and reusable Pouch due to stringent regulations on single-use plastics is a crucial opportunity for the market players. Sustainable packaging includes recyclable, post-consumer recycled content, compostable, bio-based materials, and reusable materials such as Polyethylene derived from bioethanol, Polylactic Acid, Micro-fibrillated cellulose, Chill Buddy, etc. An increase in the adoption of alternative packaging solutions for pouch packaging is restraining the market's growth products.

View Detailed Report Description at https://precisionbusinessinsights.com/market-reports/pouch-packaging-market/

Food & Beverages Segment Dominates the Pouch Packaging Market:
The food & beverages segment is expected to account for revenue share in the global pouch packaging market with a share of X% in the global market in 2021 and projected to grow at X% CAGR over 2022 - 2028.The growth of this segment is due to snacking trend is witnessing a rise, including the usage of single-serve and re-usable packaging solutions. Furthermore, there is increased demand for compact and lightweight packing materials, which is driving the growth of this segment.

North America Leads Pouch Packaging Market:
From 2022 to 2028, the Asia Pacific Pouch market is predicted to grow at the fastest rate in terms of value. The Asia Pacific region's rise is attributed to the increased demand for Pouch in densely populated countries like India and China since this packaging offers cost savings and provides an aesthetic appeal to the product. Furthermore, the growing use of Pouch in food, beverages, healthcare, personal care & home care, oil & lubricants, and agricultural products is likely to drive the Asia Pacific pouch market. North America is predicted to grow at a X% CAGR over the projection period, reaching USD X Mn.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Pouch packaging market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In Feb 2022, Tetra Pak, a world-leading packaging and processing solutions provider, has introduced its first ever locally manufactured holographic packaging material in India. The innovative packaging, called Tetra Pak® Reflect, has been launched in partnership with Warana, a leading co-operative dairy, for their 1 litre Ghee (clarified butter) packs. The artistic package is designed to help food and beverage brands add a new eye-catching dimension to their packs. In August 2021, Sonoco one of the largest sustainable global packaging companies, announced it has completed the acquisition of Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol can producer in North America. Ball Metalpack was a joint venture owned by Platinum Equity and Ball Corporation.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=53135

Detailed Segmentation:
The Pouch packaging market is segmented based on material type, end user and geography.
Based on the Material Type, the market is segmented into the following:
• Plastic
• Metal
• Paper
• Others

Based on the End User, the market is segmented into the following:
• Food & Beverages
• Household Care
• Pharmaceuticals
• Pet Food
• Cosmetics and Personal Care
• Others

Based on the geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.