Spout Pouch Market Research on Future Trends and Demands with Projected Industry Growth 2027
The global spout pouch market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are growing demand for spouted pouches in food and beverage and pharmaceutical industries to maintain growth and profitability. Firms are transitioning away from rigid packaging solutions that necessitate usage of materials such as glass and aluminum. Instead, firms are preferring more convenient and flexible packaging options.
Flexible packaging products used to package liquid substances, such as alcoholic beverages, hygiene products, energy drinks, medicinal products, sauces, and liquid soaps, are commonly referred to as spouted packaging. Spout pouches are one of the best types of packaging since they provide convenience to both consumers and manufacturers. Spout pouches are comparably easier to manufacture and are ideal for consumers\’ \”on the go\” lifestyles. The packing of spout pouches is safe and retains the product\’s integrity. Furthermore, durability of spout pouches makes day-to-day use simple. Because the spout pouches can be re-closed, the product is a great grab-and-go option. The packaging\’s resilience and flexibility allow it to hold a variety of products.
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Major companies in market include;
- 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.
- Sealed Air Corporation
- Sonoco Products Company
- Winpak Ltd.
The packaging industry is rapidly expanding in terms of revenue in the recent years, and is expected to register rapid revenue CAGR throughout the forecast period of 2018 to 2028. Rapid revenue growth is attributed to factors such as rising global population, changing lifestyle, increasing disposable income and rapid growth of the e-commerce sector. Increasing penetration of internet, social media, improving standard of living and rapid growth in the doorstep deliveries are some other factors boosting global market revenue growth. In addition, various manufacturers are focusing on offering sustainable packaging to cater to rising environmental concerns. Local dealers are focusing on innovative packaging to attract consumers.
Key questions addressed in the report:
- What size is the global Spout Pouch Packaging Market by material type Market expected to reach over the forecast period?
- Which revenue CAGR is the global market expected to register throughout the forecast period?
- Which factors are expected to hamper global market growth during the forecast period?
- Which key factors are expected to driver global Spout Pouch Packaging Market by material type Market throughout the forecast period?
- Which application segment is expected to register fastest revenue CAGR between 2018 and 2028?
- Which region is expected to register fastest revenue CAGR throughout the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
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Global Spout Pouch Packaging Market Segmentation;
Product Outlook (Revenue, USD Billion, 2018-2028)
- Cleaning Solutions
Colour Outlook (Revenue, USD Billion, 2018-2028)
End-Use Outlook (Revenue, USD Billion, 2018-2028)
- Home and Personal Care
Regional Analysis covers:
- North America
- Rest of EU
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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