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Packaging Pouch Valves Market 2019 By Regional Revenue, Growth & Trends Analysis 2024

Author : Rahul Varpe | Published Date : 2019-05-07 

The Packaging Pouch Valves Market Report Offers Detailed Competitive Landscape of The Global Market. It Includes Companies, Industry Statistics, Market Share Analysis and Product Portfolio of The Major Industry Participants. The Report Provides Detailed Segmentation of The Packaging Pouch Valves Industry Based On Product, Technology, End User And Region.

Rapid urbanization and rising income levels are expected to boost global food & beverage industry and thereby, positively impacting the flexible packaging sector. As per the IMF, GDP based on PPP of Asia Pacific in 43.7% of the global share in 2016 and is anticipated to account over 48.3% in 2024. Flexible packaging has witnessed increased usage in recent years owing to its non-reactive and safer production material properties. High adoption of new packaging technologies, particularly in pharmaceutical and homecare sectors are key driving factors for Packaging Pouch Valves Market growth.

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Enhanced packaging features suiting all age groups, including safety and chokes resistance for children along with easy handling will propel stand-up pouch valve market. Rising consumer expenditure for convenient food packaged products owing to fast paced lifestyles will stimulate product demand.

Widespread R&D initiatives, coupled with product innovation to improve product appeal will drive Packaging Pouch Valves Market. Consumers are more attracted towards aesthetic packaging along with convenience for consumption. Additionally, reduced packaging material usage and better storage capacity will fuel product penetration.

Corner valves catered more than 75% of the overall Packaging Pouch Valves Market in 2016. Superior features including lid closure, strong shelf life and aesthetic graphics & label are major driver factors propelling industry growth. Rising product demand from liquid products owing to their mess and spill free pouring position will also augment industry expansion.

Form fill seal technology is expected to be worth over USD 440 million by 2024 due to its superior packaging features of filling and lidding up a package on a single machine. Modern form fill seal systems are extremely advanced consisting computer interfaces and control system networks. High speed and versatility are some of the key benefits propelling technology demand.

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Packaging Pouch Valves Market with aluminum seal accounted for over 35% of the industry share in 2016. Introduction of high performance barrier capabilities enabling efficient protection of product from air and moisture will support product penetration. Increasing demand for hygienic sealing as regulated by various governing bodies will further propel industry.

Food & beverages are expected to register growth rate over 6.5% up to 2024 due to increasing consumer spending and expanding food & beverage industry. Efficient packaging features comprising attractiveness and freshness will also drive product demand. Increasing demand for packaging of liquid products, baby food, viscous & pasty products will foster Packaging Pouch Valves Market.

Asia Pacific was valued more than USD 150 million in 2016 owing to the rapid increase in population and consumption of ready-to-eat (RTE) products. Shifting consumer buying preference towards convenient, small sized packaging, and cost-efficient products will further stimulate Packaging Pouch Valves Market expansion.

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Global Packaging Pouch Valves Market is extremely fragmented owing to the large presence of multinational and regional organizations. Some of the key industry players include Smurfit Kappa, Amcor, Gualapack Group, Swisspack, Pacificbag and Scholle IPN. Other prominent market players are Edelpa, Falakpack, Menshen, Liqui-Box and Wilk Group.
 

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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