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Spout & Non-Spout Liquid Pouch Packaging Market Size
- Report ID: GMI2832
- Published Date: Aug 2018
- Report Format: PDF
Spout & Non-Spout Liquid Pouch Packaging Market Size
Global Spout & Non-Spout Liquid Pouch Packaging Market size was valued at over USD 6 billion in 2017 and is anticipated to witness CAGR at over 7.5% up to 2024. Strong outlook in food & beverages, personal care, home care, industrial and pharmaceutical applications will propel the product market growth.
Shifting consumer preference towards convenient packing options coupled with improving living standards are among key factors driving the product demand. Rising ready-to-eat food products demand due to busy schedules will support the industry growth.
Increasing consumer health consciousness resulting in shifting focus towards fluid diet & beverages will fuel business growth. For instance, as per Tetra Pak report, global 100% fruit juice market accounted for more than 15 billion litres in 2018. Shifting significance for decorative & stand up packages in retail industry will propel the spout & non-spout liquid pouch packaging market.
Improved flexibility, easy to carry and light weight are the major properties stimulating the product penetration. Non-spout liquid pouch packaging exhibit less raw material usage & wastage in manufacturing and less space requirement in transportation resulting in low fuel consumption & pollutant emission. Surging polymer demand as raw material accompanied by its abundant availability will stimulate the spout & non-spout liquid pouch packaging market share.
Technological advancement and product innovations particularly for infant food with superior flexibility and puncture resistance properties has enhanced the product penetration. Advanced fitments such as re-sealable caps, tubes and pout valves provide convenience in food consumption. In addition, factors including ease of disposability, extensive shelf life along with cost effectiveness will support the spout & non-spout liquid pouch packaging market size.
| Report Attribute | Details |
|---|---|
| Base Year: | 2017 |
| Spout & Non-Spout Liquid Pouch Packaging Market Size in 2017: | 6 Billion (USD) |
| Forecast Period: | 2018 to 2024 |
| Forecast Period 2018 to 2024 CAGR: | 7.5% |
| 2024 Value Projection: | 10 Billion (USD) |
| Historical Data for: | 2013 to 2017 |
| No. of Pages: | 500 |
| Tables, Charts & Figures: | 642 |
| Segments covered: | Type, Application, Size, Laminates and Region |
Growth in R&D investments to innovate efficient designs & enhance utility among manufacturers will propel the product development. Fluctuating polymer costs due to volatile petrochemical prices is among key factor influencing the product price trend. However, stringent government regulations on polymer consumptions may hamper the industry growth.
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Spout & Non-Spout Liquid Pouch Packaging Market Scope
