Spout Pouch Market Opportunities, Business Forecast To 2029

According to Precision Business Insights (PBI), latest report spout pouch market was valued at USD 2,785.8 million in 2022, growing at an 7.5% CAGR from 2023 to 2029. The bolstering demand for single-serve and small-sized packaging due to associated benefits including convenience, ease of handling, and lightweight are expected to drive the spout pouch market. Moreover, the rise in demand for safer packaging solutions for both liquid and non-liquid items as it makes the transportation of fluid items simpler and mess-free is creating ample growth spaces for the spout pouch manufacturers. Furthermore, as COVID-19 rates rose, public concerns about sanitation and hygiene increased, driving demand for packaged hand sanitizer, food, beverages, automobile liquids, and laundry products. The rise in e-commerce has further positively affected the spout pouch market and is expected to burgeon the growth of the market over the forecast years.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/spout-pouch-market

The Spout Pouch market is segmented based on product type, End-user industry, Material used, and Geography.
Based on the product type, the market is segmented into the following:
• Beverages and Syrups
• Food
• Cleaning Solution
• Oils
• Others

Based on the End-user industry, the market is segmented into the following:
• Food and Beverages
• Automotive
• Pharmaceutical
• Paints
• Soaps and detergents
• Others

Based on the material used, the market is segmented into the following:
• Plastic
• Aluminium foil
• Kraft paper
• Combination

Based on the filling process, the market is segmented into the following:
• Standard
• Aseptic
• Retort
• Hot-filled

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

Food and Beverage Industries are Dominating the Spout Pouches Market:
Based on the end-user industry, the food and beverages industry is anticipated to show a significant growth rate over the forecast period. Demand for packaged food products is rising as a result of increased Westernization, an improvement in living standards, and a preference for convenience foods. Dried processed food, ready-to-eat meals, diet snacks, bakery items, frozen processed food, dairy items, health food & and drink items, and processed meat are some of the primary types of packaged food. For instance, in January 2018, global packaging firm Sonoco developed a transparent, stand-up, spout pouch for packaging sauces of apple, mixed berry, tropical, mango, strawberry, and cinnamon of U.S. food & and beverage firm Tree Top. The demand for packaged food and beverages is largely influenced by people's lifestyles of mobility. The demand for ready-to-eat foods and snacks is driven by long commutes and working hours, as well as consumer preferences for convenience foods.

Asia Pacific Leads the Spout Pouches Market:
The Spout Pouches market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific accounted to have a significant share of the spout pouch market and the market is expected to grow at a significant CAGR over the forecasted years owing to economic effectiveness, simple access to raw materials, and rising demand for compact packaging solutions from densely populated nations like China and India, the use of stand-up pouches has expanded in the region. China has the largest food and automobile industry leading to the increased packaging demand. Asia Pacific region is anticipated to grow in the forecast period owing to rising infrastructure expenditures, the need to handle the growing burden of food demand, and government attempts to promote new packaging laws of goods or platforms necessary for the packaging leading to spout pouches market growth.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
Spout Pouches market further reveals that the key players increasingly adopting strategies such as the launch of newer products, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance,
In March 2023, FirstWave Innovations, a wholly owned subsidiary of SinnovaTek and a co-manufacturer of aseptic food products, partnered with ProAmpac, a global leader in flexible packaging and material science, to bring aseptic spouted pouches to the market.
In June 2021, Amcor launched a specialty multi-chamber pouch for drug-device combination products.

Request sample report at https://www.precisionbusinessinsights.com/request-sample/?product_id=366348

Key player's profiles in the spout pouches market report are Amcor Ltd., Sonoco Products Company, The DOW Chemical Company, Mondi Group, Berry Plastic Corporation, Smurfit Kappa Group, Bemis Company Inc., Essentra PLC, Bischof & Klein GmbH & Co. KG, Coating Excellence International, HOD Packaging and enterprises Ltd., Printpack Inc., ProAmpac, Sealed Air Corporation and Winpak Ltd.

Contact:
Mr. Satya
Precision Business Insights | 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 particular 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.