The global pocket containers market is projected to reach a value of US$ 429.2 Mn by 2032, with sales growing at a moderate CAGR of 4.5% from 2022 to 2032. In 2022, the pocket containers market will likely reach an estimated value of US$ 276.4 Mn. A surge in the use of pocket containers in multiple industry verticals such as pharmaceuticals, food & beverage, cosmetics, and others propel the expansion of the pocket containers market during the forecast period.
A soaring demand for smaller and compact packaging solutions has resulted in the escalating demand for pocket containers. This heightened demand is expected to continue over the assessment period, culminating in a spike in the global sales of the pocket containers market. These packaging solutions are distinctive, compact, and portable products that can be used to store goods conveniently in the pockets. Pocket containers, as the name suggests, enable people to carry essential products in their pockets with ease. Thus, pocket containers find usage in diverse end-use industries such as food & beverage, pharmaceutical, cosmetic & personal care, and consumer goods. The rapid expansion of these industries will have a positive impact on the pocket containers market during this period of observation.
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Furthermore, the prevailing trend of miniaturization all over the world has influenced packaging companies to offer packaging solutions that are compact and convenient to carry in pockets. In order to cater to the diverse needs of the customers, many major players in the packaging industry are introducing pocket containers with elements like moisture and heat resistance. This bodes well for the overall target market.
Again, pocket containers are used increasingly in the pharmaceutical and food & beverage sectors, which will presumably generate considerable demand for the product owing to the growing demand for convenient and compact packaging options from the end users. Hence, this growing demand for compact and convenient packaging products that are easy to store in the pockets of consumers will likely bolster the growth of pocket containers market in the upcoming years.
“Rising adoption of pocket containers in cosmetics, food & beverage, and pharmaceutical sector will augment the global sales of the pocket containers market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Rising demand for lightweight and miniaturized packaging options will stimulate market expansion.
- Pocket containers market in the U.S. to reach an estimated US$ 102.1 Mn by 2032.
- Expanding pharmaceutical sector to drive market growth in India.
- Plastic pocket containers segment will generate US$ 150 Mn revenue opportunity.
- In terms of end use, the pharmaceutical sector is dominating the global market space
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Competitive Landscape
Gerresheimer AG, Constar International, CKS Packaging, Alpha Packaging Holdings, TYH Container Enterprises, Vidchem Pvt. ltd., APTACA Spa, USON Plast, Graham Packaging, and Plastipak Packaging among others are some of the major players in the pocket containers market profiled in the full version of the report.
Leading market players are keen on releasing new products in the market to expand their product portfolios. These enterprises are deploying tactics like mergers, acquisitions, collaborations, and partnerships to strengthen their market position.
More Insights into Pocket Containers Market Report
In its latest report, FMI offers an unbiased analysis of the global pocket container market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of material type (plastic (PE, PP, PET), metal), packaging format (flasks, bottles, boxes & cartons), end user (food & beverage, pharmaceutical, cosmetic & personal care, other consumer goods), and region.
According to the latest FMI reports, based on segmentation, the plastic pocket containers segment will likely led the market in terms of revenue. On the basis of end-use, the pharmaceutical sector is likely to lead the market growth.
Based on region, the pocket container market in the United States is expected to reach a value of US$ 102.1 Mn in 2032. The country is the largest consumer of pocket containers. This is due to the high demand for compact, easy and convenient food packaging, the continuous growth of the pharmaceutical industry, and the strong presence of major market player. Apart from the U.S., India’s pocket container market is predicted to exhibit substantial growth due to the established and growing pharmaceutical sector. The country is expected to present many lucrative opportunities to the target market over the forecast period.
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
4. Global Pocket Containers Market Analysis 2017-2021 and Forecast, 2022-2032
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