OPP Pouches Market Set to Reach USD 12.3 Billion by 2034, Driven by Versatile Stand-Up Pouch Demand

The global sales of OPP (Oriented Polypropylene) pouches are forecasted to witness steady growth, with revenue projected to reach USD 9.6 billion in 2024, up from USD 9.3 billion in 2023. Over the next decade, the market is expected to expand further, reaching a value of USD 12.3 billion by 2034, reflecting a CAGR of 2.6% between 2024 and 2034. Notably, the OPP pouches industry is set to exhibit a year-on-year (Y-o-Y) growth of 2.8% in 2024.

Stand-up OPP pouches are poised to dominate the global market, holding nearly 45% of the total market share. This segment is expected to generate an incremental opportunity exceeding USD 1 billion over the next decade. The versatility of stand-up OPP pouches has solidified their position as a popular choice across various industries, including food, pharmaceuticals, and personal care products.

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These pouches not only provide ample storage space but also are easy to store due to their space-efficient design, making them especially attractive to small and medium-sized enterprises (SMEs).

In terms of capacity, OPP pouches with a range of 201 to 500 grams are projected to remain the most lucrative segment throughout the forecast period. This segment is expected to account for over 35% of the market share in 2024, growing at a CAGR of 2.4% through 2034.

Key Takeaways from the Global OPP Pouches Industry:

• The OPP pouches industry recorded a CAGR of 1.8% during the historical period (2019-2023).
• In 2023, the industry reached a market value of USD 9.3 billion.
• The United States is expected to lead the North American market, holding over 60% market share through 2034.
• India in the South Asia Pacific region is projected to experience a robust CAGR of 4.7% by 2034.
• Stand-up pouches are anticipated to grow at a CAGR of 3.4% until 2034.
• The food industry is expected to dominate, accounting for 68.7% of the market share by 2024.

Competitive Landscape

The majority of producers operating in the global market are concentrating on the development of OPP pouches that can meet the regulatory standards of numerous regions simultaneously. Some other significant businesses are striving to develop OPP pouches that can meet customers' ESG goals. Meanwhile, a few other companies are looking for additional funding to expand their operations, increase sales, and acquire a huge global consumer base.

To preserve their competitive advantage, key market manufacturers are working on growing their geographical presence, technical advances, meeting sustainability targets, executing mergers and acquisitions, and enhancing customer service.

Key Players of OPP Pouches Industry

• Amcor Plc
• Carepac
• Ouma Industrial Limited
• United Bags
• Jarrett Industries
• Kleer Pak
• Inteplast Group
• Palmetto Industries International Inc.
• MTC Polymers & Packaging
• Huizhou Yangrui Printing & Packaging Co.,Ltd
• Qingdao Huahongxing Plastic Co.Ltd.
• JEMCO Equipment MFG Co
• Politas Ambalaj A.S.
• Imperial Packaging And Plastics Sdn Bhd
• Kemahlioglu Plastik Sanayi Ticaret A.S.

Recent Industry Developments in OPP Pouches Market

• In March 2024, Inteplast Group secured International Sustainability and Carbon Certification (ISCC) PLUS verification for three of its US-based biaxially oriented polypropylene (BOPP) film facilities located across the USA.
• In August 2023 Amcor plc announced their expansion in the Indian market through the acquisition of Phoenix Flexibles, a manufacturer of flexible packaging products in India.

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Key Segments of OPP Pouches Industry

By Pouch Type:

In terms of material, the industry is divided into stand up pouches, flat pouches, gusset pouches, and spout pouches.

By Capacity:

In terms of capacity, the industry is segregated into less than 200 grams, 201 to 500 grams, 501 to 1000 grams, above 1000 grams.

By End Use:

In terms of packaging format, the industry is segregated into food, beverages, personal care & cosmetics, pharmaceuticals, and other industrial.

By Region:

Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa (MEA) have been covered in the report.

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