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Liquid Pouch Packaging Market to hit $10.5bn by 2024 | Key Players UFLEX Group, Huhtamaki, Weyerhaeuser, Mondi Group, Smurfit Kappa, Tetra Pak
Europe liquid pouch packaging market will witness notable growth from food & beverages application. Fast paced lifestyles coupled with rising demand from consumer for small and convenient packages will propel the business growth(PresseBox) ( Selbyville, Delaware, )
Shifting preference for convenient packaging due to its carry and go and easy handling properties will drive the liquid pouch packaging market. Changing lifestyle and standard of living leading to increased demand for packaged and processed food will further support the product demand.
Inclination towards liquid diet owing to its health benefits has enhanced the product scope. Increasing product usage for energy drinks, juices, applesauce and infant food will drive the liquid pouch packaging market growth.
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Increasing per capita income along with rapid urbanization has enhanced the liquid pouch packaging market growth. Growth in product usage to promote, position and brand the products has positively influenced the industry growth.
Easy storage and transportation coupled with reduced carbon emissions has encouraged the product demand. Growth in organized retail sector along with rising demand to improve shelf life is projected to stimulate liquid pouch packaging market.
Improved barrier properties in thin elastic material along with advancement in high speed filling equipment will fuel the product demand. Strong outlook in soaps, detergents and other home care products will create lucrative opportunities for the industry growth. Fluctuating raw material prices along with recyclability issues are the major restraints of the industry growth.
Flexible liquid pouch packaging market was worth over USD 5.3 billion in 2016. High flexibility has enhanced the easy handling particularly while travelling. Ease in colourful printing & labelling due to flexible product design has further enhanced the industry demand.
Polyester Market is estimated to exceed 550 kilo tons volume by 2024. Growing demand for polyester based resins from food & beverages, personal care and home care industries will drive the industry growth. Low production costs along with superior properties have enhanced the product scope.
Food and beverages is expected to witness growth at over 7.6% up to 2024. Changing eating habits and lifestyle of customers owing to hectic schedule has increased the processed and packaged food demand globally.
Pillow liquid pouch packaging market was valued over USD 2.09 billion in 2016. Improved barrier against oxygen & moisture coupled with low cost will encourage the product demand. Strong outlook in diary industry including milk, curd, yogurt and cream products will drive the industry demand.
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The U.S. liquid pouch packaging market revenue was valued around USD 1.24 billion in 2016. Expansion in the bakery and confectionary industry will fuel the industry . Rising demand for convenient packages along regulatory compliance are the key factors driving the product demand.
Asia-Pacific is the fastest growing region and was valued over USD 2.67 billion in 2015. Improving economic conditions and rising disposable income in India and China will support the industry . Growth in pharmaceuticals, cosmetic and food & beverage industry will propel the product penetration. Increasing online sales due to expansion in e-commerce industry will drive the regional demand.
Global liquid pouch packaging market is fragmented owing to presence of numerous regional manufacturers. Some of key players are Swiss Pack, Steripack, Bemis, Constantia and Amcor. Several other industry participants are Adam Pack, Comar, Elopak, Evergreen, IPI, Liqui-Box, Nippon Paper Industries, Refresco Gerber, SIG Combibloc, Tetra Laval, Tetra Pak, Tide Pak and Tri-Wall.
Browse key industry insights spread across 800 pages with 944 market data tables & 23 figures & charts from the report, “Liquid Pouch Packaging Market” in detail along with the table of contents:
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