High-Barrier Pouches Market Size

High-Barrier Pouches Market Size

Global High-Barrier Pouches Market size was worth over USD 1.5 billion in 2016 and will surpass 650 kilo tons by 2024.

Shifting consumer preference for sustainable and convenience lifestyles coupled with necessity to extend shelf life has enhanced the high-barrier pouches market growth. Potential applications in food, beverages and pet food industry will propel industry growth. Global food packaging industry is anticipated to worth over USD 300 billion by 2020.

Inclination towards packaged food products due to hectic schedules are key factors driving industry demand. Rising demand for homecare products including liquid detergents, diluted bleach and softeners will fuel the high-barrier pouches market. Innovations in product add-ons including resealable zippers, spouts, sliders, notches & handles will support product demand.

Increasing R&D spending along with product innovations to improve packaging appeal including spouted packaging will drive high-barrier pouches market size. Growth in organized retail industry particularly in emerging nations will drive the product penetration. Rising demand from pasteurized and sterilised products due to superior protective properties has enhanced the industry demand.

Technology advancements including faster machinery speeds and reduced heating time particularly in retort applications are key factors driving product scope. Moreover, development in coatings and protective film substrates enhancing heat tolerance and strength will fuel the industry growth.

Rising penetration of stand-up pouch packaging due to its significant benefits including enhanced shelf look, easy to carry, excellent flexibility and lightweight will drive product demand. Increasing environmental concerns accompanied by decomposition issues of polymers may hamper the industry growth. However, increased recyclability and emergence of biodegradable plastics will provide positive outlook for industry growth.