Liquid Pouch Packaging Market to garner heavy valuation via food & beverages applications over 2017-2024, Asia Pacific likely to influence the regional demand
Publisher : Fractovia | Published Date : 2017-07-21Request Sample
Rising inclination toward user-friendly packaging items along with high demand for energy drinks will amplify Liquid Pouch Packaging Market size. These products are endowed with the properties of flexibility, low weight, and increased shelf life, which will undeniably increase their demand across myriad sectors. The global packaged food sector, worth USD 2.6 trillion in 2016, is projected to favorably influence the business space over the years to come. Growing awareness among the consumers regarding the harmful effects of GHGs will also provide an impetus to product sales, thereby encouraging new entrepreneurs to invest in liquid pouch packaging industry. Global Market Insights, Inc., claims liquid pouch packaging market size to hit USD 10.5 billion by 2024, having held a revenue of USD 5.5 billion in 2016.
U.S. Liquid Pouch Packaging Market Size, By Product, 2016 & 2024 (Tons)
Liquid pouch packaging finds widespread applications across the homecare, food & beverages, pharmaceuticals, personal care, and industrial sectors. Food & beverages sector, which contributed more than 50% toward the overall liquid pouch packaging market share in 2016, will further influence the business sphere with rising awareness regarding hygiene along with a huge demand for infant food & pasty items.
Liquid pouch packaging market has firmly established its foothold across major geographical locations. For instance, Asia Pacific liquid pouch packaging industry, which contributed over 35% of the overall industry share in 2016, is anticipated to witness a notable expansion over the coming timeline. Rise in disposable incomes leading to high purchase of packaged food items will impel the growth. Widespread usage of pillow, stand up, and spout pouches will further influence the revenue.
Europe liquid pouch packaging market is forecast to register notable gains of more than 5.6% over the coming seven years. Implementation of strict food safety rules along with growing health awareness among the end-users is expected to boost the business growth. U.S. liquid pouch packaging market is projected to record a CAGR of more than 5.5% during 2017 to 2024. High requirement of convenience packaging along with execution of food safety laws by various states in the U.S. will expand the scope of the business across the region.
Four side seal pouches, pillow pouches, spout pouches, and stand-up pouches are the key liquid pouch packaging products. Spout pouches are predicted to record a cumulative growth of more than 6.7% over the years ahead, driven by their wide utilization scope – they are used to store yogurt, apple sauce, and infant food. Pillow pouches, which contributed over 34% toward the overall liquid pouch packaging industry size in 2016, are predicted to further push the growth of the industry with rising demand for packaging dairy items such as milk, curd, and water. On that note, liquid pouch packaging market size from the dairy sector is predicted to register a substantial revenue by 2024. Another factor that will contribute toward the growth of this segment is the fact that global dairy sector is forecast to hit USD 450 billion by 2024. Stand-up liquid pouch packaging industry, which produced a revenue of more than USD 1.5 billion in 2016, will further boost the business landscape, owing to the product’s ability to impart an aesthetic appearance to food items displayed on aisles at retail stores along with minimal-space requirement.
Liquid pouch packaging is manufactured from materials such as fitments, polyester, tubes, polypropylene, spouts, aluminum, polystyrene, and polyethylene. Speaking of which, polyethylene liquid pouch packaging industry, worth USD 2 billion in 2016, is predicted to record an exceptional growth rate over the coming years. High insulation, stain & moisture resistance, elongated shelf life and flexibility offered by the material will favorably influence the business profits.
Exceptional optical clarity, low heat conductivity, and moisture resistance for goods with low shelf life will lucratively propel the growth of liquid pouch packaging market.
Flexible and rigid packaging are some of the major types of liquid pouch packaging. Flexible liquid pouch packaging market value, which was estimated at more than USD 5 billion in 2016, is projected to expand remarkably over the span of the next few years. The escalating popularity of disposable items along with ease in color printing & labelling of the items will boost the product demand.
Growing use of rigid packaging across the food & beverages and pharmaceuticals sectors will positively affect the growth of liquid pouch packaging market. Requirement of less storage space along with beneficial lightweight features will further boost the revenue.
Aseptic, blow molding, and form fill seal are some of the vital techniques applied in the manufacturing process of liquid pouch packaging. Liquid pouch packaging industry size from aseptic techniques amounted to more than USD 3 billion in 2016 and is expected to increase over the coming seven years. High requirement for sanitized and disinfected packaging items will influence the revenue. Liquid pouch packaging market revenue from form fill seal technique is expected to grow at a rate of 5.5% over 2017-2024, driven by rise in production ability.
New product launches along with establishment of effective distribution network channels are the vital trends witnessed across liquid pouch packaging industry. IMPAK Corporation, Tetra Pak International SA, Bemis Company Incorporation, Weyerhaeuser Company, The Smurfit Kappa Group plc, Ampac Packaging LLC, BillerudKorsnäs AB, The DOW Chemical Company, and Mondi PLC are the major participants of liquid pouch packaging industry.
