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Open Pouch Laminates– How The Market Developments Of Key Players Impact The Overall Industry?

Author : Rahul Varpe | Published Date : 2019-03-25 

Open pouch laminates market share finds extensive application in pharmaceutical and food & beverage industry. In the pharmaceutical industry, the product is mainly used in oral dissolve strips and transdermal & trans mucosal drug delivery system. Properties such as seal integrity and compatibility with different sterilization techniques make the product highly desirable for packaging of medicines and drugs in pharmaceutical industry. It is mostly used for small, lightweight and low profile items. Across food packaging, the product is widely used due to its resistant to sunlight and wear & tear.

Global Open Pouch Laminates Market size is likely to expand at a prominent CAGR in the forecast period. Open pouch laminates are one of the important packaging solutions to food & beverage and pharmaceutical manufacturers these days. It is easily available and a cost-effective solution for packaging drugs and food items. The product makes the food, beverage, medicine, etc. handling easier and gives it a smooth surface finish.

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The prime factor responsible for propelling open pouch laminates market size is the booming product demand in pharmaceutical industry. It is extensively used in variety of pharmaceutical products such as small size medical devices, capsules and tablets. The product is widely used by pharmaceutical manufacturers owing to moisture prevention property. Increasing competition amongst the pharmaceutical companies is expected to increase the product acceptance over the forecast duration. Moreover, the product offers easy opening, which creates fair opportunities for the open pouch laminates market size growth over the forecast timespan.

Increasing reliable and intact packaging solutions demand in the food & beverage industry will positively influence the global open pouch laminates market size by 2024. The product is majorly used in packaging of frozen foods, perishable food items, food products (which requires heat preservation) and cold non-alcoholic beverages. Thus, escalating food product demand across the globe is likely to fuel the open pouch laminates market size in the coming years.

Based on type of product, the open pouch laminates market size can be segmented into paper, polyethylene, aluminum and aluminum foil. Though, polyethylene open pouch laminates have durability and superior tamper resistance, yet paper open pouch laminates market is gaining popularity among consumers owing to its bio-degradability and easy availability. In addition, it is anticipated to be the fastest growing segment in the business over the forecast period.

The prominent market players functional in the product market are Rotek laminates, Amcor limited, USI Inc., Mondi group and Oracle packaging. Other companies include Alta Global Inc., Shako Flexipack Private Limited, DaklaPack Group and Paras Print Pack.

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The key open pouch laminates market share contributors are emphasizing on partnership with local companies to expand their product portfolio and to penetrate their offerings into countries such as Thailand, Indonesia, Malaysia and others in Asia Pacific and Brazil & Mexico in Latin America. Also, the market share contributors are continuously investing in research & development to push product innovation to next level. This aids in keeping up with demands of existing customers and attract new customers.
 

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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