The different types of pouches are revolutionizing how companies package, store, and ship their products. Nowadays, flexible spout pouches are increasingly preferred by consumers across the world due to its various features. Recently, a study titled “Spout Pouch Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026” has been publicized to the wide database of Market Research Hub (MRH), which clearly states that the global spout pouches market has witnessed solid growth during the past few decades, owing to the increase in preference for flexible packaging by consumers.
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Stout pouches are highly in demand because they are easy to open, can be re-closed, portable, lightweight, easy to pack, completely squashed, can be consumed on-the-go and various other features. Across the world, especially in developed regions, dairy products are increasingly packed in spout pouches as compared to another form of packagings such as thin wall containers, plastic trays, glass jars and other rigid containers.
Market Highlights
This 213-pages study covers a complete outlook on global spout pouch market’s evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn) and CAGR percentage. Further, it offers updates on major trends, drivers, restraints, value forecasts, and prospects for manufacturers operating in the global and regional spout pouch market. As per the study prime evaluations, the global spout pouch market is projected to be US$ 2,111.0 Mn for 2018 and is further expected to grow at a CAGR of 7.5% during the forecast period (2018-2026).
Moreover, the study finds that not only for consumers, end-use industries of packaging also prefer spout pouches as they help in brand differentiation through attractive shapes, size and colors in comparison with rigid packaging. Spout pouches and other packaging formats are increasingly preferred by e-commerce firms for delivery of food products. All these factors are majorly contributing towards the market growth of stout pouches.
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In order to provide a clear overview of the market, the research has been broadly categorized on the basis of pouch size, filling process, material type, end-use and region. On the other hand, regions highlighted in this study include Europe, APAC, North America, Middle East and Africa and Latin America. Of these, Asia Pacific region is estimated to account for the largest share in spout pouch market. End-user segmentation is also a vital part of a report, which reveals that food industry is expected to dominate the market throughout the forecast period. Other end-use include beverage, pharmaceutical, automotive, and home and personal care.
The research study includes a competitive landscape section for the audiences with a dashboard view which profiles each player in detail. Few of the key players mentioned in the global spout pouch market report include ProAmpac LLC, Amcor Limited, Sonoco Products Company, Smurfit Kappa Group PLC, Sealed Air Corp, Berry Global Group Inc, Mondi Group, Bemis Company, Inc., Huhtamaki Oyj, Tyler Packaging Ltd, Glenroy, Inc., Foster Packaging International, HPM Global Inc., Impak Corporation, Coveris Holdings S.A., among others.
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