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High Barrier Pouches Market Statistics 2019-2024 by Products, Materials and Application Potential

Author : Rahul Varpe | Published Date : 2019-07-04 

Global Market Insights, Inc. has added a new report on High Barrier Pouches Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape Industry in tandem with its competitive terrain.

Potential outlook in food & beverage applications is expected to drive high barrier pouches market. Longer shelf life, superior preservation, lightness, extended durability and recyclable properties will support product penetration. As per analysis, the global packaged food industry was estimated over USD 1.5 trillion in 2016 and is projected to surpass over USD 2.6 trillion by 2019.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/1877

Liberalization of trade policies is likely to propel the international trade, which will positively influence the high barrier pouches market growth. Changing demographic and income trends led to an increase in consumer spending on disposable products. Increased adoption of new packaging technology, mainly by pharmaceutical and dairy sectors, are the key driving factors for the industry growth.

Technological developments in the product design for preventing moisture loss and retaining product freshness are the key driving factors for industry growth. Reduced packaging material usage coupled with low handling and storage cost will propel high barrier pouches market.

Spouted high barrier pouches will grow over 6% up to 2024. Easy product consumption without utensils usage owing to attached spout in the pouch has supported industry growth. Easy to handle & carry, ready to pour and mess free food consumption are the driving factors for market growth.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/high-barrier-pouches-market

Industrial application segment will exceed USD 150 million by 2024. Rising product application for packaging fluids, paint & coatings and lubricants will drive high barrier pouches market growth in this segment. Increasing construction spending coupled with infrastructure development mainly in developing countries will boost the product demand.

Five-layer accounted for 50% of the total industry share in 2016. Superior gas & moisture barrier, resistance to solvents & UV rays and excellent printability properties will drive this segment's growth.

Europe high barrier pouches market will witness gains over 5% up to 2024. Fast paced lifestyle along with rise in demand from consumers for small & convenient packages will support product penetration. Increasing product application in pharmaceutical sector is projected to boost regional market. Heat & acid resistance and superior shelf life are key properties propelling product demand.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1877

Global high barrier pouches market share is highly fragmented owing to presence of many industry players both at regional & international level. Some of the major players are Essentra, Elliot Packaging, Amcor, Hood Packaging, Sonoco, Bemis, American Pouch and Vacuum Pouch Company.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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