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Redding, California - November 14, 2024

Pouches Market to be Worth $72.8 Billion by 2031

Pouches Market by Type (Stand-up Pouches, Flat Pouches), Material (Plastic, Paper, Bioplastic), Closure Type, End User (Food & Beverages, Personal Care & Homecare, Cosmetics, Healthcare), and Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Pouches Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication, the pouches market is projected to reach $72.8 billion by 2031, at a CAGR of 5.6% from 2024–2031.

The rapid growth of the cosmetics industry, government initiatives to develop eco-friendly pouches, and increasing demand for packaged food and beverages are factors driving the pouches market's growth. However, stringent government regulations for plastic packaging products hinder market growth.

In addition, the increasing demand for pouches for packaging pharmaceutical applications and technological advancements in packaging materials are potential growth opportunities for market players. The market faces substantial challenges, including fluctuating raw material costs and the availability of substitutes. Moreover, biodegradable and compostable pouches and rising demand for custom stand-up pouches are prominent technology trends in the pouches market.

Key Players:

The pouches market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the pouches market are Amcor plc (Australia), Mondi plc (U.K.), Smurfit Kappa Group plc (Ireland), Berry Global Group, Inc. (U.S.), Sonoco Products Company (U.S.), Sealed Air Corporation (U.S.), Huhtamaki (Finland), ProAmpac (U.S.), Coveris Group (U.K.), Constantia Flexibles (Austria), Goglio SpA (Italy), Wipf AG (Switzerland), Korozo A.S. (Turkey), Glenroy, Inc. (U.S.), and Daklapack Group (Netherlands).

The pouches market is segmented based on type, material, closure type, and end user. The report also evaluates industry competitors and analyzes the pouches market at the regional and country levels.

Among the types studied in this report, the stand-up pouches segment is anticipated to dominate the pouches market in 2024. The growing production of food products, increased demand for flexible packaging, and the rising trend of customization in packaging are key factors driving the segment’s dominant position in the pouches market.

Among the materials studied in this report, the plastic segment is anticipated to dominate the pouches market in 2024. The growing use of plastic pouches due to their durability, cost-effectiveness, and lightweight nature, along with their increasing adoption in the cosmetics industry, are key factors driving the segment’s dominant position in the pouches market.

Among the closure types studied in this report, the zipper segment is anticipated to dominate the pouches market in 2024. The growth of online shopping and the increased demand for zipper pouches due to their ease of use, reliability, and convenience are key factors contributing to the segment’s dominant position in the pouches market.

Among the end users studied in this report, the food & beverages segment is anticipated to dominate the pouches market. The increased production of food products, the growing use of resealable pouches to preserve freshness, reduce food waste, and ensure product quality, along with the rising focus of market players on developing stand-up pouches for food and beverage products, are key factors driving the segment’s dominant position in the pouches market.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Denmark, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Singapore, Malaysia, Indonesia, Australia & New Zealand, Thailand, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (UAE, South Africa, Israel, and Rest of Middle East & Africa).

Among the geographies studied in this report, Asia-Pacific is anticipated to dominate the pouches market in 2024. Asian countries are witnessing rapid urbanization, a growing food and beverage industry, rapid growth of the e-commerce sector, increasing consumer spending power, and changing lifestyles, which are factors contributing to the market’s dominant position in the pouches market.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6097

Key Questions Answered in the Report-

What is the value of revenue generated by the sale of type, material, closure type, and end user?
At what rate is the global demand for pouches projected to grow for the next five to seven years?
What is the historical market size and growth rate for the pouches market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which type of segments create major traction in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for pouch manufacturers?
Who are the major players in the pouches market? What are their specific product offerings in this market?
What recent developments have taken place in the pouches market? What impact have these strategic developments created on the market?

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Redding, California - November 14, 2024

Pouches Market to be Worth $72.8 Billion by 2031

Pouches Market by Type (Stand-up Pouches, Flat Pouches), Material (Plastic, Paper, Bioplastic), Closure Type, End User (Food & Beverages, Personal Care & Homecare, Cosmetics, Healthcare), and Geography - Global Forecast to 2031

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