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Spout & Non-Spout Liquid Pouch Packaging Market 2019-2024 By Regional Industry Growth & Forecast

Author : Rahul Varpe | Published Date : 2019-06-11 

Global Market Insights add New Spout & Non-Spout Liquid Pouch Packaging Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.

Increasing demand for convenient packaging owing to changing consumer lifestyle are the primary drivers boosting spout & non-spout liquid pouch packaging market. Improved disposable income leading towards healthy food consumption such as fruit juices, fruit pulps and liquid diet likely to support product penetration rate. Health conscious consumers including athletes, sports person and professionals are widely using liquid diet supplements for nutritional gains strongly supporting industry development.

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Spout liquid pouch packaging segment is estimated to hold over 80% industry share in 2017 owing to better accuracy during pouring process. Presence of pouch valves for the stoppage, low-cost benefits, high convenience for fluids along with reduction of waste chances accelerating product adoption in varied applications.

200 ml size segment is expected to experience more than 8% CAGR up to 2024 owing to high consumer preference in several applications including industrial, home care, and personal care. Improving demand for RTE products, liquid dietary, dairy items due to limited quality and low-cost benefits primarily driving convenient pouch packaging demand.

Personal care market accounted for more than USD 620 million in 2017. Improved urban lifestyle owing to the amplified adoption of personal care products in several countries such as the U.S. Germany, France, China, and Brazil significantly contributing industry revenue share. Strong business outlook from personal care products including liquid soaps, hair gels, shampoo, and conditioners are fostering industry size.

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Home care industry is anticipated to witness over 7% CAGR up to 2024. Changing lifestyle pattern along with high adoption of washing machines capturing focus on indoor washing of clothes, apparel and daily wearable items fueling demand for liquid detergents. Growing demand for fluid soaps, detergents and other home cleaning products is anticipated to fuel spout & non-spout liquid pouch packaging market share over the forecast timeframe.

North America is expected to capture more than 25% market share by 2024. Strong presence of prominent companies owing to technological developments in the region fostering regional growth. High food and safety standards of the U.S. government increasing attention for the hygienic packaged option. Increasing consumption of fast food products propelling requirement for suitable pouch packing selection in the region. Shifting consumer preference toward packaged oil, cream and gel product positively supporting industry share.

Global spout & non-spout liquid pouch packaging market is fragmented in nature owing to the large existence of domestic and local packaging product manufacturers in the market. The major companies include Swiss Pac, Impak, Uflex, Smurfit Kappa, Weyerhaeuser Company, Sonoco, Tetra Pak International and Ampac. Other key players include Constantia Flexibles, Clondalkin Group, Cellpack, Billerudkorsnas AB, and Dow Chemical, Huhtamaki Oyj. Manufacturers are continuously focusing on product development and innovation in packaging quality to improve competitive edge from other companies.

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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