Global High-barrier Pouches Market was valued US$ 9.71 Bn in 2019 and is expected to reach US$ 14.90 Bn by 2027, at a CAGR of 5.5 % during a forecast period.
Global High-barrier Pouches Market Dynamics:
An increase in the consumption of packaged food and beverage products across the globe is one of the key drivers in the global high-barrier pouches market. A shift in the consumer preference for sustainable and convenient lifestyles coupled with requirement to extend shelf life is expected to drive the growth in the global high-barrier pouches market. Additionally, the rapid urbanization and busy schedules of people in the developing countries are demanding for the ready-to-eat food, which is expected to boost the market growth.
On the other hand, an increase in the environmental concerns by decomposition issues of polymers is expected to limit the growth in the global high-barrier pouches market. Furthermore, the biodegradability is one of the key challenges in the global high-barrier pouches market.
Global High-barrier Pouches Market Segment Insight:
The standup pouches are expected to grow at a XX % rate of CAGR during the forecast period. The demand for stand-up pouches is increasing across a wide range of regional markets because of its wide usage in an array of applications, which are ranging from consumer packaging to industrial applications. The standup pouches are predominantly used for packaging ready-to-eat food, curries, sauces, and other convenience food. The stand-up pouches have a shelf-space look and it also offers features like lightweight, simple-to-use, resealable closures, valves and spouts, and enormous holding capacities.
The polyethylene segment is expected to contribute US $ XX Mn share in the global high-barrier pouches market. It is widely used in the industrial and food & beverage applications because of its significant properties like enhanced lucidity and crystal clarity. It also offers excellent protection against moisture, vapors along with chemical resistance to reserve taste and freshness of packed food, which is expected to boost the growth of the global high-barrier pouches market
Region-wise, the Asia Pacific region is projected to be the leading region in the global high-barrier pouches market. The leading position in the market can be attributed to the growth in population across the developing countries like China , India and consumption of the ready-to-eat food. In the region, key players are preferring flexible packaging because of its cost-effectiveness, which is expected to boost the market growth. Additionally, an increase in penetration of the packaging industry predominantly in rural regions is expected to drive the high-barrier pouches market.
Global High-barrier Pouches Market Competitive Landscape:
Some of the prominent key players are focusing on research and development to produce superior quality products at lower costs to maintain the competitive benefit in the global high-barrier pouches market. The key players are also concentrating on the production of the materials, which helps to increase heat tolerance and strength and barrier film substrates. They are also focusing on streamlining the packaging from complex multi-layer laminates to enable the simple packaging solutions without negotiating shelf life.
Global High-barrier Pouches Market Research Scope:
The objective of the report is to present a comprehensive analysis of Global High-barrier Pouches Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global High-barrier Pouches Market dynamics, structure by analysing the market segments and project the Global High-barrier Pouches Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global High-barrier Pouches Market make the report investor’s guide.
The Scope of the Report for Global High-barrier Pouches Market
Global High-barrier Pouches Market, By Product
• Standup
• Spouted
• Four Side Seal
• Retort
Global High-barrier Pouches Market, By Material
• Polyethylene
• Polypropylene
• High Barrier Additives
• Aluminum
• Polyamide
• Fitments
• Tubes & Spouts
Global High-barrier Pouches Market, By Application
• Food
• Beverages
• Pharmaceuticals
• Pet Food
• Industrial
• Home Care & Personal Care
Global High-barrier Pouches Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global High-barrier Pouches Market
• Amcor
• Bemis Company Inc
• Mondi Group
• Sealed Air
• Dura-Pack
• Schur Flexibles Group
• The Vacuum Pouch Company
• American Pouch
• Swis Pac Pvt Limited
• Bischof+Klein
• Essentra PLC
• Elliot Packaging
• Sonoco
• Hood Packaging.
• Bernhardt Packaging & Process
• Clifton Packaging Group Ltd
• Montage
• Fres-co System USA In
• Spektar d.o.o
• Gornji Milanovac
• The Barrier Packaging Company
• Label Technology
• Shako Flexipack Pvt Ltd
• NatureWorks LLC
• Ampac Holdings
• Clifton Packaging
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