PUBLISHER: Value Market Research | PRODUCT CODE: 1547844
PUBLISHER: Value Market Research | PRODUCT CODE: 1547844
The global demand for Pouches Market is presumed to reach the market size of nearly USD 77.06 Billion by 2032 from USD 45.15 Billion in 2023 with a CAGR of 6.12% under the study period 2024-2032.
The pouch is a small bag, specifically a lockable bag used for carrying any physical material for safety and convenience. Most commonly used for packaging food items, personal care & home care products, chemicals, material components, etc. Pouches can be classified based on material, shape, size, and design. It has greater importance in the food industry for packaging items such as cereals, grains, tea, organic food, shampoo, soap, tissue paper, chocolates, candies, toffees, spices, rusk & cookies, chips, soup, bread, chemical fertilizers, fruit juice, milk, among others.
Global pouches' market growth will be driven by expanding production of packaged goods. Growing consumer and producer preferences for pouches over other more traditional rigid packaging is promoting higher demand for pouches. The growing popularity of ready-to-use spice mixtures, processed foods, and ready to eat dishes is pushing demand forward. Millennials spend less time on meal preparation, leading to increasing demand for easy-to-prepare, semi-prepared, and ready-cooked meals that rely on pouches to retain and enhance food packed pouches. Faster growth is expected in developing nations of Asia Pacific dueto rising personal incomes and expanding popularity of ready to eat food. However, the availability of substitutes like bottles, boxes, and other hampers the growth of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Pouches. The growth and trends of Pouches industry provide a holistic approach to this study.
This section of the Pouches market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Pouches market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Pouches market include Amcor Plc, Mondi, Sealed Air, Constantia Flexibles, Coveris, Goglio SpA, ProAmpac, Gualapack S.P.A., Huhtamaki Group, Smurfit Kappa. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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