Global Pouch Packaging Market: Overview
A pouch packaging is made from a laminate of flexible plastic and metal foils. It provides a hygienic packaging solution to a variety of food and drinking materials as a result of aseptic processing. The pouch packaging is expected to replace the food packaging in cans and other metals packaging products. Owing to these factor the global pouch packaging market is expected to witness a robust growth in the forecast period of 2018 to 2026. The market is also projected to grow as a result of growing snacking trend in various countries. Factors such as improved FDA regulations for pet food, and reduced transportation cost as a result of reduced weight of the food filled pouches, are also supporting the growth of global pouch packaging market in recent times.
A report by Transparency Market Research offers a 360 degree view of the global pouch packaging market. It offers an in-depth analysis of various facets of the market including key growth parameters, notable developments, challenges, and opportunities for various players. The report offers an insightful information to the players of global pouch packaging market in order to help them in better decision making.
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Global Pouch Packaging Market: Notable Developments
The global pouch packaging market has a highly fragmented and competitive scenario. The market is dominated by some of the prominent players across the globe. Factors such as rising demand of pouches in food and beverages sector has created enormous opportunities for the players. In order to leverage such opportunities at the maximum, the players are adopting strategies such as mergers and acquisitions. These strategies are providing the players with a competitive edge to stay ahead of their rivals.
- In April 2019 AmLite Ultra Recyclable pouch was launched by Amcor Ltd. The new product is designed for packaging a wide range of products such as food, home and personal care along with pharmaceuticals items. AmLite Ultra Recyclable pouch can be recycled in existing polyolefin recycling streams.
- In January 2018, Amcor Ltd announced the development of all the packaging to be recyclable or reusable by the end of 2025. The company also planned to focus on promoting its use and benefits to various regions across the globe.
Some of the major players of global pouch packaging market are Tetra Laval International S.A., Reynolds Group Holdings Limited, Berry Global, Inc, Crown Holdings, and Amcor Ltd.
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Global Pouch Packaging Market: Key Drivers
Growing trend of carrying snacks in pouches has become one of the major factor that is promoting the growth of global pouch packaging market in the projected tenure. The growth of the market is also influenced by the growing trend of eating on the go as result of changing lifestyle of the people. Moreover, the pouch packaging increases the shelf life of the food products by retaining the taste and nutrition. This has influenced majority of the working class and health oriented people in various countries. Owing to these parameters, the global pouch packaging market is expected to witness a robust growth in the forecast period.
Although the growth of the market is expected to get hampered as a result of lack of high speed filling equipment impacting the production and stringent regulatory compliances by organizations such as FDA. However, the manufacturers are focusing on providing customers with intelligent solutions designed with customer centric approaches. This is expected to help the manufacturers to bypass the challenges and keep the growth moving forward for the global pouch packaging market.
Global Pouch Packaging Market: Regional Analysis
As a result of growing economy of two major countries namely India and China, Asia Pacific is likely to exhibit the largest growth among all the other regions of global pouch packaging market. The growth is also attributed to rising disposable income of the people and growth of food and beverages, pharmaceuticals, pet-food, and cosmetics in the region. Finally, the availability of a huge variety of ready to eat foods in the region is also projected to support Asia Pacific to the top of global pouch packaging market in the forecast period.
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.