Future Market Insights, in its recently published market study on the global pre-made pouch packaging market, offers a thorough analysis of the growth prospects of the market over the forecast period, 2019-2029. Further, the report sheds light on the multiple factors that are expected to influence the overall dynamics of the pre-made pouch packaging market including the current and projected trends, growth opportunities within the market, market restraints that could hamper market growth, and advances in the technological front among others. According to the report, the market value of the global pre-made pouch packaging market is likely to reach ~US$ 9.5 billion in 2019 and the market is projected to grow at a compounded annual growth rate (CAGR) of ~4% over the forecast period, 2019-2029.
The report reveals the various factors that are driving the growth of the global market including, growing inclination towards flexible packaging over rigid packaging solutions, surging demand from the end-use industries including, personal care, food packaging, pharmaceutical, and cosmetics among others In addition, a significant growth in the demand for packaged food in recent times is another factor that is expected to boost the demand for pre-made pouch packaging in the upcoming years.
Favorable functional properties of pre-made pouch packages expected to propel demand
Over the course of the last decade, flexible packaging has garnered significant popularity over rigid packaging alternatives due to multiple reasons. Pre-made pouch packaging is cost-effective compared to other packaging alternatives. In addition, some of the other factors that are driving the demand for pre-made pouch packages include, ease of flexographic printing, convenient transportation, consumer convenience, and improved product safety among others. Moreover, as environment safety continues to be a critical component of modern manufacturing processes, enhanced sustainability offered by pre-made pouch packages has positively impacted the demand for pre-made pouch packages. Moreover, as pre-made pouches require less energy and resources to produce, they have emerged as a favorable packaging solution in recent times.
East and South Asia offer promising growth opportunities
Although the adoption of pre-made pouch packages is at a nascent stage in East and South Asia, the demand is expected to witness considerable growth during the forecast period. Further, market players are gradually shifting their focus towards expanding their operations in the Asia-Pacific region owing to the untapped lucrative opportunities in the region. According to an analyst at Future Market Insights, “The demand for flexible packaging solutions including pre-made pouch packages is on the rise in East and South Asia as market players in the region are focusing on innovations to expand their product offerings. Moreover, as awareness over the benefits of pre-made pouch packages continues to accelerate, the demand for pre-made pouch packages is likely to move in the upward direction in the foreseeable future.
Pre-made Pouch Packages Market: Competitive Outlook The report offers resourceful insights pertaining to the major players operating within the current landscape of the pre-made pouch packages market. Some of the most established market players in the market are, FLAIR Flexible Packaging Corporation, Gualapack S.p.A., Goglio SpA, Fres-co System USA, Inc., Scholle IPN Corporation, and Genpak Flexible among others
For more insights into the Market, request a sample of this report@https://www.futuremarketinsights.com/reports/sample/rep-gb-4583