The Spout Pouch Market: Overview
The Spout Pouch Market is valued at around USD 21,7784.2 million in 2021 and is expected to reach USD 40, 266.7 million by 2030, registering a CAGR of 7.3% over the forecast period. A spout pouch is a sort of bag with a bigger opening on one end and a smaller opening that can be shut off on one end. Because of the small aperture, this style of bag is frequently used to package liquids like milk or juice because it is simple to pour the contents out without spilling. The bags can be recycled. Liquid products, which typically include items like alcoholic beverages, hygiene products, energy drinks, pharmaceutical products, sauces, liquid soaps, and several others, are packaged in spout pouches.
Spout pouches are among the greatest packaging options since they are simple for both customers and manufacturers to use. Spout pouches are ideal for the “”on the go”” lifestyle of the consumer and are relatively simpler to create. Packaging using spout pouches protects the product’s integrity and is safe.
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The Spout Pouch Market – Growth Factors
Customers all around the world are rapidly favouring flexible spout pouches because of their ease of use, ability to be re-closed, portability, light weight, ease of packing, ability to be entirely emptied, ability to be consumed on-the-go, and a number of other qualities. Spout pouches are preferred by end-use industries for packaging as well as consumers because, in contrast to rigid packaging, they aid in brand identity through appealing shapes, sizes, and colours. Spout pouch packaging offers producers a number of advantages by lowering capital expenses, transportation costs, greenhouse gas emissions, carbon footprint, and waste going to landfills. Spout pouches thereby serve both customers and manufacturers, as would be expected. The food and beverage sectors use spout pouches extensively.
The Spout Pouch Market – Market Trends
• Demand for convenience foods is rising, particularly among young individuals and working women. This is primarily responsible for the expansion of the spout pouch market.
• Increasing customer preference for packaged and convenient food over traditional home-cooked meals is a result of rising disposable earnings. This is fuelling the market for spout pouches.
• Growing consumer awareness of the value of healthy eating habits and nutrition in daily life: Consumers are becoming more and more aware of the importance of health and nutrition. The desire for healthy food products, such those offered in spout pouches packaging styles, is rising as a result of this.
• Increase in e-commerce platforms: Consumers may now buy packaged food products online from the convenience of their homes or offices thanks to the growth of e-commerce platforms. This is assisting with the expansion of the spout pouch industry globally. 5) Technological developments: By facilitating production efficiency, new technologies have contributed to lower manufacturing costs, making spouted pouches more accessible to consumers.
The Spout Pouch Market – Segmentation
The Spout Pouch Market fragrance concentrates market has been sub-classified into material, product, end-user.
On the basis of pouch size, the Spout Pouch Market is bifurcated into:
• Less than 200 ml
• 200 ml to 500 ml
• 500 ml to 1000 ml
• More than 1000ml
• Others
On the basis of filling process, the market is segmented into:
• Standard
• Aseptic
• Retort
• Hot-filled
• Others
On the basis of material type, the market is segmented into:
• Plastic
• Aluminium
• Paper
• Food- dairy products, dips and dressings, soups and sauces.
• Beverages- alcoholic, non-alcoholic.
• Others
On the basis of end-user industry, the market is segmented into:
• Home and personal care- liquid soaps, lotions laundry detergents
• Automotive- oil and lubricants, coolants.
• Pharmaceuticals
• Others
The Spout Pouch Market –Regional Analysis
Asia-pacific dominated the global Spout Pouch Market is predicted to hold the biggest market share for spout pouches. Due to the Asia Pacific region’s higher than average per capita packaging consumption, North America and Europe are predicted to fall behind this region in the spout pouch market. According to estimates, the MEA area contributes a tiny but quickly expanding market share to the spout pouch industry. During the forecast period, the spout pouch market is anticipated to grow moderately in the Latin American region.
The Spout Pouch Market – Key Market players
Global key players of Spout Pouch Market include Amcor Limited, Smurfit Kappa Group PLC, Berry Global Group Inc, Mondi, Bemis Company, Inc., Sonoco Products Company, Sealed Air Corp, Huhtamaki Oyj, ProAmpac LLC, Tyler Packaging Ltd, Glenroy, Inc., Foster Packaging International, HPM Global Inc., Impak Corporation, Coveris Holdings S.A. among others
Report scope
Global Market: Historical Years- 2018-2021
Global Market: Forecast Years- 2022-2030
Global Market 2022- USD 21, 784.2 million
Global Market 2030- USD 40, 266.7 million
Global Market CAGR- 7.3%
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- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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