High-Barrier Pouches Market is expected to reach USD $2.5 billion by 2024. High-Barrier Pouches are comprised of superior barrier resins and films which give exceptionally defensive condition to the material within the pocket and increment its timeframe of realistic usability. High Barrier Pouches are equipped for averting access of any remote specialist within the pouch, regardless of whether it is a flavor, smell or a gas. These pouches are likewise appropriate for purified and sterile application. Because of their upgraded physical, concoction, mechanical and warm properties, high barrier Pouches can be utilized for hot just as virus filling and can be tweaked in various shapes and sizes as needs be. Plus, high barrier Pouches give generally excellent seal unwavering quality to ideal item security and accommodation, and customizable peelability to the shoppers. To makers, high obstruction pockets give astounding yield on fast machines and great similarity with various disinfection strategies.
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High-barrier pouches are a form of flexible packaging, witnessing increasing demand due to superior properties. Permeability of oxygen, carbon dioxide and water vapour in conventional packaging leading to content damage has enhanced product demand. Shifting lightweight trends in packaging industry has enhanced demand for pouch packaging. Emergence of multilayer films to improve durability, strength and protection of products has fuelled industry growth. Increasing retailer choice for decorative packaging to improve retail shelves will propel product demand. Technological advancement and extensive R&D have enabled sustainable and environment friendly solutions with reduced material wastage.
The growth in global High-Barrier Pouches market is also influenced by the presence of major players such as Amcor, Hood Packaging, American Pouch, Ampac Holdings, Sonoco, Total Pack, Winpak, Bemis, The Vacuum Pouch Company, Essentra PLC, Bischof+Klein, Sealed Air, Clifton Packaging, Elliot Packaging
Most important types of High-Barrier Pouches products covered in this report are: stand up pouches, retort pouches, spouted pouches, 3-side seal pouches and others.
Most widely used downstream fields of High-Barrier Pouches market covered in this report are: Food Products, Beverage Products, Pet Food Products, Non-Food Products
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Geographically, the High-Barrier Pouches market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Europe dominated the high-barrier pouches market share accounting for over 35% in 2016. Shifting preference for pouch packaging over conventional bottles and metal cans particularly in baby food, detergents, chemicals and pet food will propel industry growth. Fast-paced lifestyle coupled with growth in confectionery packaging industry are key factors supporting product demand.
APAC was valued over USD 450 million in 2016. Increasing consumption of ready-to-eat food products accompanied by growth in population are the major factors driving regional demand. Rising penetration of packaging industry particularly in rural regions will support industry growth. Shifting manufacturer preference towards flexible packaging coupled with presence of large number of manufacturing facilities will drive high-barrier pouches demand.
North America will witness growth over 6.5% in terms of revenue up to 2024. Increasing consumer preference for liquid diet particularly in the U.S. will propel industry demand. U.S. food packaging sales surpassed 35 billion units in 2016. Regulatory compliance along with increasing preference for convenience packaging will drive regional demand.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and grades.
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