Pouch Packaging Market Scope
Pouch packaging refers to the packaging solution food, beverages, household care, pharmaceuticals, pet-food, cosmetic and personal care products made from a laminate of flexible metal and plastic foils. Pouch packaging market has high growth prospects owing to increasing demand from the food & beverage industry due to increasing demand for the ready to eat and take away food products. Further, increasing demand for both reusable and single serve pouch packaging expected to drive the demand for pouch packaging market over the forecasted period.
According to AMA, the Global Pouch Packaging market is expected to see growth rate of 4.16%
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Pouch Packaging market throughout the predicted period.
Amcor (Australia), Bemis Company (United States), Berry Global Group (United States), Mondi (Austria), Sonoco (United States), Sealed Air (United States), Coveris Group (Austria), ProAmpac (United States), Smurfit Kappa (Ireland), Huhtamaki (Finland) and Ampac Holdings, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Tetra Laval International S.A. (Switzerland), RPC Group PLC (United Kingdom) and Alcoa Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Pouch Packaging market by Type (Stand-Up Pouches and Flat Pouches) and Region with country level break-up.
On the basis of geography, the market of Pouch Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
April 2019, Amcor launched AmLite Ultra Recyclable packaging product which can be recycled in existing polyolefin recycling streams for range products such as personal care, home, food, and pharmaceutical products.
“FSSAI has created separate packaging regulations as it recognizes the importance of packaging in the food sector and its impact on food safety. The new packaging regulations have been separated from the labeling regulations and a separate Scientific Panel for food packaging is planned. These regulations may be called the Food Safety and Standards (Packaging) Regulations, 2018. They shall come into force on the date of their publication in the Official Gazette and Food Business Operator shall with all the provisions of these regulations by 1st July 2019.”
Market Trend
- Increasing Popularity of both Reusable and Single Serve Pouch Packaging
- Growing Demand for Ready to Eat and Take Away Food Products
Market Drivers
- Emphasizing On Development of Innovative Food and Beverage Packaging Solutions
- Increasing Demand from Food and Beverage Industry
Opportunities
- Growing Demand from the Pharmaceutical Industry
- Increasing Demand from the Developing Economies
Restraints
- Stringent Government Regulations Regarding Packaging
- Fluctuating Raw Material Prizes
Challenges
- Issues Related With the Recycling Of the Packaging Products
Key Target Audience
Pouch Packaging Providers, Government Research Institutes, Venture Capitalists and Investment Banks, Potential Investors, Government Bodies, Business Research and Consulting Service Providers and Others