Get in-depth analysis of the COVID-19 impact on the Pouches Market : Amcor, Smurfit Kappa, Mondi, Berry Global, Sonoco, Sealed Air, Coveris, KOROZO are Leading Players
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88797932
The stand-up pouches segment is projected to grow at the highest CAGR in the global pouches market from 2019 to 2024
The stand-up pouches segment is projected to grow at the highest CAGR during the forecast period, in terms of value. This is mainly attributed to the high demand in the food and beverage industry and the growing need for compact and lightweight packaging solutions. Stand-up pouches are durable and render high stability to the products, which further contributes to its high growth rate. This form of packaging is commonly used for lightweight products such as coffee, tea, sauces, and candies. Furthermore, they are also considered an ideal form of packaging for products that weigh less than a pound.
The standard segment is estimated to dominate the pouches market in 2019
The standard segment dominated the market, on the basis of treatment type, in terms of both value and volume. The cost-effectiveness and aesthetic display of these pouches in stores contribute to its leading share in the pouches market. However, the hot-filled pouches segment is projected to be the fastest-growing segment, in terms of both value and volume, from 2019 to 2024. The growth of the hot-filled and aseptic pouches segments is attributed to the increase in demand for products with a longer shelf life and their usage for ready-to-drink beverages.
The food industry is estimated to be a major consumer in the pouches market in 2019
Pouches are made of highly sterilized materials. These materials help in protecting the product from contamination, making them ideal for food, beverages, and healthcare packaging. These pouches are manufactured using multiple layered films that protect the contents from moisture, light, and odor, and preserve the freshness of food and beverages items. The key factors driving the growth of the pouches market include the increase in demand for compact & lightweight packaging solutions for baby food. In the food industry, pouches are widely used in the packaging of sauces, pet food, ready-to-eat/frozen meal, candies, chocolates, snacks, dried fruits & nuts, and confectionery products. Factors that are projected to drive the demand for these pouches in the beverage industry include protection from contamination, aesthetic appeal, and tailor-made packaging solutions, in terms of unique shapes, styles, and designs.
Asia Pacific is projected to account for the largest share in the pouches market during the forecast period
Asia Pacific is projected to dominate the pouches market during the forecast period. This is attributed to the increasing demand for compact packaging solutions from densely populated countries such as India and China. In addition, the growing population in these countries widens the customer base for FMCG products, food, and beverages, which in turn, is projected to drive the growth of the pouches market in the region. Moreover, factors such as industrialization, growing middle-class population, rising disposable income, changing lifestyles, and increasing consumption of packed food products are projected to drive the demand for pouches in the region.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=88797932
Key players operating in the pouches market include Amcor (Australia), Smurfit Kappa (Ireland), Mondi (Austria), Berry Global Inc. (US), Sonoco (US), Sealed Air (US), Huhtamaki (Finland), Constantia Flexibles (Austria), Coveris (Austria), Clondalkin Group (Netherlands), Goglio SpA (Italy), KOROZO (Turkey), ProAmpac (US), Gualapack S.p.A. (Italy), and DaklaPack (Netherlands). These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, investments, divestitures, new product launches, partnerships, agreements, and joint venture are some of the major strategies adopted by key players operating in the market.
Key Questions Addressed by the Report:
o What are the global trends that are increasing the demand for pouches? Would the market witness an increase or decrease in demand in the coming years?
o What is the estimated demand for different types of pouches?
o Where will the strategic developments take the industry in the mid- to long-term?
o What are the upcoming industry applications and trends for pouches?
o Who are the major players in the pouches market, globally?
Get 10% Customization on this Study @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=88797932
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Get in-depth analysis of the COVID-19 impact on the Pouches Market : Amcor, Smurfit Kappa, Mondi, Berry Global, Sonoco, Sealed Air, Coveris, KOROZO are Leading Players here
News-ID: 2035032 • Views: 278
More Releases from MarketsandMarkets.com
Graphic Film Market worth 31.10 Billion USD by 2022 | Leading Players are Avery …
The report "Graphic Film Market by Polymer (PVC, PP, PE), Film Type (Opaque, Reflective, Transparent, Translucent), End Use (Promotional & Advertisement, Industrial, Automotive), Printing Technology (Digital, Rotogravure), and Region - Forecast to 2022", The graphic film market will grow from USD 24.17 Billion in 2017 to USD 31.10 Billion by 2022, at a compound annual growth rate (CAGR) of 5.17% from 2017. The growing market for promotional banners and wrap
Welding Gas/Shielding Gas Market worth 2.66 Billion USD by 2020 | Leading Player …
The report "Welding Gas/Shielding Gas Market by Type (Argon, Carbon dioxide), by Storage, Distribution & Transportation (Cylinder & Packaged Gas, Merchant Liquid/Bulk), by Application (Gas Metal Arc Welding, Tungsten Gas Arc Welding), by End-Use Industry - Global Forecast to 2020", The welding gas/shielding gas is projected to grow from USD 2.02 Billion in 2015 to reach USD 2.66 Billion by 2020, at an estimated CAGR of 5.70%. Download PDF Brochure
The Long Steel Market is worth $636.7 Billion by 2025 | Leading Players are Arce …
The report "Long Steel Market by Process (Basic Oxygen Furnace, Electric Arc Furnace), Product Type (Rebar, Merchant Bar, Wire Rod, Rail) End-Use Industry (Construction, Infrastructure, Others), and Region (NA, EUROPE, APAC, MEA, SA) - Global Forecast to 2025" The long steel market size is estimated to be USD 527.0 billion in 2020 and projected to reach USD 636.7 billion by 2025, at a CAGR of 3.9% from 2020 to 2025.
Thin Wall Packaging Market worth $53.7 billion by 2023 | Leading players are Amc …
The report "Thin Wall Packaging Market by Product Type (Tubs, Cups, Jars, Trays, Clamshells, Lids, Pots), Production Process (Thermoforming, Injection Molding), Material (PP, PE, PET, PS, PVC), Application (Food, Beverages), and Region - Global Forecast to 2023" The thin wall packaging market is expected to grow from USD 42.8 billion in 2018 to USD 53.7 billion by 2023, at a CAGR of 4.64%. Rising demand for packaged food coupled with
More Releases for MarketsandMarkets
ADAS Market by System, Component, EV and Region 2025| MarketsandMarkets
The ADAS Market (Advanced Driver Assistance System Market) is estimated to be USD 24.24 billion in 2018 and is projected to reach USD 91.83 billion by 2025, at a CAGR of 20.96% during the forecast period. The market is principally driven by the increasing demand for a safe, efficient, and convenient driving experience. The increasing demand for autonomous vehicles has also fueled the ADAS market. Driver errors can be minimized by
Global Connected Car Market by 2025| MarketsandMarkets
According to recent research "Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025", The global connected car market is estimated to be USD 72.89 billion in 2017 and is projected to reach USD 219.21 billion by 2025, at a CAGR of 14.8% from 2017 to 2025.
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand
Latest Report on Top 10 Mobility Technologies by MarketsandMarkets
According to the new market research report "Top 10 Mobility Technologies Market by Technology (Bluetooth, Wearable Technology, Mobile Augmented Reality, Wireless Gigabit, Cellular IoT, Mobile Biometric, Automotive V2X, Wireless Charging For Consumer Electronics) & Geography - Global Forecast to 2022", the market is expected to grow at a significant rate between 2016 and 2022. This report covers the major mobility technologies such as cellular IoT, wireless gigabit, mobile augmented
MarketsandMarkets: Global Wind Turbine Rotor Blade Market by 2016
MarketsandMarkets: Global Wind Turbine Rotor Blade Market will reach $14.6 Billion with annual installations of 0.14 Million Blades by 2016 http://www.marketsandmarkets.com/Market-Reports/rotor-blade-market-286.html According to a new market research report, “Global Wind Turbine Rotor Blade Market by Testing, Material, Blade Size, Regulations & Outlook (2011 – 2016)” published by MarketsandMarkets (www.marketsandmarkets.com), global wind turbine rotor blade market will grow from estimated $7.7 billion in 2011 to $14.6
MarketsandMarkets : Advanced PET and SPECT Global Market 2015
The report analyzes the MarketsandMarkets : Advanced PET (Positron Emission Tomography) & SPECT (Single Photon Emission Computed Tomography) Global Market (2010 -2015) by technologies and applications and studies the major market drivers, restraints, and opportunities for the PET SPECT market inU.S., EMEA, and Asia-Pacific. Browse market data tables and in-depth TOC on Advanced PET (Positron Emission Tomography) & SPECT (Single Photon Emission Computed Tomography) Global Market (2010 -2015). Early buyers will receive