The global preformed pouches market is estimated at $10.95 billion in 2018 and is projected to reach $14.47 billion by 2028, growing at a CAGR of 3.6% during the forecast period from 2018 to 2028. The market's growth can be attributed to factors such as increasing consumer preference for pre-packaged food items, which are convenient and safe to consume; rising demand for stand up pouches from the Asia Pacific region owing to its expanding population base; and technological advancements in the pouch manufacturing process that has led to increased production capacities with lower costs per unit.
Preformed pouches are plastic packaging that is inflated like an accordion. They can be vacuum sealed and heat-sealed to form a complete, customizable package or container for food products. The term "preformed" means the pouch has been formed beforehand into its final shape by heating it up in injection molds before filling it with the product. Such pouches may also have perforations at intervals along their sides, which allow them to expand as they're filled so the contents don't burst out of the top when temperature changes occur during distribution or storage.
On the basis of type, the global preformed pouches market is segmented into stand-up pouches, flat pouches, and others.
Stand-up pouches are similar to plastic stand-up envelopes or presentational packaging. They are often the most efficient and economical way of moving products from one place to another because they can be stacked in space-constrained environments such as transportation vehicles, store shelves, or retail outlets. Stand-up pouches provide a convenient carrying handle for consumers and typically have an opening on their side so that product is easy to access without having to open the entire pouch. The stand-up pouch segment is further classified into zipper stand-up pouches, fold over stand-up pouches, and others.
Flat preformed pouches are cylindrical bags with the finished seal on one side and an open end. Flat pouches can be made from any type of material, including paperboard or plastic film, as long as they have a flat bottom that allows them to stand up when filled with product. Flat preformed pouches are primarily used for food packaging as they provide an excellent barrier to oxygen and water vapor. However, flat pouches can also be used in the pharmaceutical industry or other industries where a controlled environment is needed.
On the basis of application, the global preformed pouches market is segmented into food, consumer goods, and others.
Preformed pouches are applied in the food industry to store food. They provide a barrier against moisture and can keep foods fresh for an extended period of time, while still being easy to transport. Preformed pouches are the most common form of package in the food industry.
Preformed pouches for consumer goods are typically used to package various types of food. In the consumer goods industry, preformed pouches are used to store and package food items. They provide an easy way for people to eat on the go without the need for a plate or bowl.
In the consumer goods industry, preformed pouches are used for the packaging of products like coffee beans or tea leaves. It is also applied in the cosmetic industry as a type of container called "jar".
On the basis of region, the global preformed pouches market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America was the fourth largest market for preformed pouches with a share of X% in 2017. However, this region is expected to register the fastest growth rate during the forecast period on account of rising consumer preference for flexible packaging solutions which will drive demand from various end-user industries such as retail outlets and the food & beverage industry, etc.
The Middle East & Africa is anticipated to grow at a CAGR of around X%. The growth can be attributed largely to rapid urbanization rates leading up to 2020-2023 when population numbers are set to surge further ahead by more than 50 million people per year resulting in higher disposable incomes among consumers along with shifting product habits favoring products that offer convenience over others type like frozen or canned goods.
Europe is expected to be the leading region for preformed pouches market during the forecast period (2018-2028). The demand from this region has been driven by its increasing population as well as growing food industry which will propel growth in this area.
The Asia Pacific held the second major revenue share of around 26% mostly due to rising disposable income in countries like India and China along with the huge base of end-user industries such as retail outlets that drive high consumption habits.
Latin America was anticipated to grow at a CAGR of X%, making it one of the fastest developing regions on account of expanding customer preference for readymade products over regular ones owing to their convenience.
-Increasing demand for convenience food products among consumers is one of the key growth factors driving the global preformed pouches market.
-Factors such as increasing population, changing consumer preferences, and dietary habits are also some of the important drivers that are expected to influence this market positively in coming years. In addition, rising disposable income levels will further promote a shift towards non-durable foods which can be consumed easily on the go. Furthermore, less time spent cooking at home has increased demand for readymade meals with convenient packaging solutions like preformed pouches.
Up Market Research published a new report titled “Preformed Pouches Market research report which is segmented by Types (Stand Up Pouches, Flat Pouches, Other), By Applications (Food, Consumer Goods, Other), By Players/Companies Glenroy, Inc., Kleer Pak, Eagle Flexible Packaging, Kendall Packaging Corporation, Label Technology, SDR Pack, Dutch Pack, American Packaging Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Preformed Pouches Market Research Report|
|By Type||Stand Up Pouches, Flat Pouches, Other|
|By Application||Food, Consumer Goods, Other|
|By Companies||Glenroy, Inc., Kleer Pak, Eagle Flexible Packaging, Kendall Packaging Corporation, Label Technology, SDR Pack, Dutch Pack, American Packaging Corporation|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||223|
|Number of Tables & Figures||157|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Stand Up Pouches, Flat Pouches, Other and By Application Food, Consumer Goods, Other.
Some of the companies that are profiled in this report are:
Preformed Pouches Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Preformed Pouches Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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