Global Flexible Pouches Market: Overview
Innovations in packaging is improving convenience of handling goods such as food & beverages and other products. These flexible pouch packaging are offering such advantages in the packaging industry. Flexible pouches offers better safety and convenience while transportation compared to other forms of packaging that use tins, cans, and other aluminum trays. Additionally, it offers ease of handling, and less space occupancy as it doesn’t have a rigid volume; thus, it can be fitted in travel cases very easily.
The flexible pouches market can be segmented on the basis of films into co-extruded films, laminated films, and surface printed films. The flexible pouches market could be segmented on the basis of type of the pouch into retort pouches, shaped pouches, stand up pouches, spouted pouches, and bags. Of these, retort pouches are expected to dominate the global flexible pouches market.
The report includes a comprehensive study on the flexible pouches which includes the factors influencing the market both positively and negatively. One of the important sections of the report is the competitive landscape which provides detailed information of the key players operating in the market such as annual turnover, company history, mergers and acquisitions (M&A) activities, segmental share, SWOT analysis, new product launches, and research and development (R&D) activities. Additionally, some other strategies adopted by the players for collecting major share in the global flexible pouches market.
Global Flexible Pouches Market: Drivers and Restraints
The demand for flexible plastics in pharmaceuticals in increasing due to rising popularity of convenient packaging and growing health awareness among the consumers. These factors are considered the key drivers for the market growth.
Moreover, the demand for flexible packaging is also high in the food and beverages industry. As flexible packaging gives options to store different variety of food such as tea, coffee, beverage & juices, chilled food, baked goods & snacks, confectionery & chocolate, dried food & mixes, and sauces & condiments. Moreover, material choice for packaging frozen food is also available through flexible packaging. Large investment in research and development by leading players are also expected to drive the market growth.
Global Flexible Pouches Market - Regional Outlook:
Geographically, the global flexible pouches market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Of these regions, Asia Pacific is dominating the global flexible pouches market in terms of demand and is expected to remain dominant over the forecast period. This growth is attributable to the higher demand for user friendly packaged products such as packaged food, hand sanitizers, juices, and drugs are boosting demand for flexible pouches. Additionally, the factors such as changing lifestyles and eating habits coupled with higher demand for pharmaceutical products and non-food products is fuelling demand for flexible pouches in the region. However, growth of the flexible pouches market is expected to be steady in the developed and developing region such as North America and Europe.
Global Flexible Pouches Market: Competitive Landscape
Prominent players operating in the global flexible pouches market are Amcor Ltd., Sonoco Products, Mondi Group, Sealed Air Corporation and Huhtamaki Group.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.