Press release
Inverted Pouch Market Expected to Experience Bolstering Sales Forecast by 2031
Inverted Pouch Market
Top Companies
Amcor Plc, APTAR, Cheer Pack, Constantia, Coveris, Glenroy Inc., Goglio SpA, Mattpack Inc., Mondi, Polymer Packaging Inc., Pouches Inc., ProAmpac , Sealed Air, Semco S.A.M., Universal plastics bag co., Viking Masek, and VOLPAK industries.
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There is a rapidly growing need for ways to provide safe and cost-effective transportation of hazardous foods & beverages and petroleum products, which grows the demand for effective packaging. However, this leads to rise in public awareness of environmental impact of pipeline and their support in reducing packaging related greenhouse gas emissions, which is driving the need for effective packaging solutions that is safer towards environment. Thus, this is driving the demand for inverted pouches made of eco-friendly materials. This boosts the inverted pouch market growth.
In addition, population growth has a positive effect on growing demand for various daily products, such as water and milk, and petroleum products such as kerosene, diesel, and gasoline, which are expected to generate inverted pouch market opportunities during the forecast period.
Several manufacturers in the global inverted pouch market stopped their business activities in 2020, owing to lockdowns implemented in developed and developing countries and ban on industrial activities due to the COVID-19 pandemic. This halt in production activities impacted the revenue of the inverted pouch manufacturing companies. In addition, lack of man power and raw materials affected the supply chain of the global market. However, the market is projected to cover from the 1st quarter of 2023, owing to reduced restrictions and reopening of the global inverted pouch industry. Moreover, in 2021, with the availability of vaccine against COVID-19, the global market is expected to gradually witness growth.
Major players are adopting product launch and acquisition as key developmental strategies to improve the product portfolio of the inverted pouch market. For instance, in June 2021, Constantia Flexibles acquired Propak, which is a leading player in the snacks market in Europe. This acquisition aims in improving the packaging solutions portfolio of the company.
The inverted pouch market is segmented into material, capacity, end user, and region. By material type, the market is categorized into polyolefin, metalized aluminum, ethylene vinyl alcohol, and others. On the basis of capacity, the market is fragmented into below 150 ml, 150-500 ml, 500 ml -1 liter, and above 1 liter. The end user segment is fragmented into foods, personal care, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2021.
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