Spout Pouch Market: 2022 Industry Development Scenario and Forecast 2030 | Amcor Ltd., Sonoco Products Company, Mondi Group, ProAmpac, Smurfit Kappa Group, Bischof & Klein GmbH & Co. KG, Bemis Company, Glenroy Inc., Printpack Inc.,

Astute Analytica published a new report on the Spout Pouch Market. The global market report has extensive information about the market size, drivers, threats, opportunities, and growth factors. In addition, the research report contains COVID-19 impact, regional insight, competitors analysis, and segmentation.

The global spout pouch market was estimated at US$ 21,784.2 Mn in 2021 and is expected to arrive at US$ 40,266.7 Mn by 2030. The market is estimated to register a CAGR of 7.3% during the forecast period 2022-2030. In volume terms, the market is registering a CAGR of 6.9% during the forecast period.

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According to a 2019 estimate from the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments. In order to reduce the negative environmental impact of chemical manufacture, chemical industries are progressively embracing sustainable and eco-friendly procedures.

Chemical companies are using an eco-friendly alternative such as using carbon dioxide from the atmosphere to make fuels, industrial products, and other chemicals. Technological advancements and the development of chemical sciences are playing a major role in this transition in the industry.

Impact Analysis of COVID-19

Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.

Regional Insights

By Product:

Beverages
Syrups
Energy Drinks
Cleaning Solutions
Oils
Liquid soaps
Baby food
Others

By Component:

Cap
Straw
Film
Others

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By Pouch Size

Less Than 200 ML
200 To 500 ML
500 To 1000 ML
More Than 1000 ML

By Material:

Plastic
Aluminium
Paper
Others

By Closure Type:

Screw
Flip Top
Corner-mounted spouts
Top-mounted spouts
Push-up drink caps

By End user:

Food and beverages
Cosmetics and personal Care
Automotive
Pharmaceutical
Paints
Soaps and detergents
Others

By Region:

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
South Korea
Australia & New Zealand
ASEAN
Rest of APAC
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America

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Key Players Insights

The key players are Amcor Ltd., Sonoco Products Company, Mondi Group, ProAmpac, Smurfit Kappa Group, Bischof & Klein GmbH & Co. KG, Bemis Company, Glenroy Inc., Printpack Inc., Coating Excellence International, Color Flex, Winpak Ltd. and Logos Pack and Sealed Air Corp. ​among others.

About Astute Analytica:

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This release was published on openPR.