Global Spouted Pouches Market is Expected to be Driven by Increasing Consumer Preference towards Beverages
Packaging plays a vital role in product differentiation. Interactive packaging helps companies to stay ahead of their peers. Spout pouches is one such attractive packaging which is in high demand. Spout pouches provides flexible packaging options for the liquid products and is suited best for logistics purpose. Spouted pouches comes in different sizes. All the products are fixed with nozzles. The nozzles are kept in such a way that it creates 90 degree angle of the pouch or in the center of the pouch. Expected increase in demand for beverages among developing economies is expected to boost overall sales of spouted pouches worldwide. Spouted matches market will is expected to expand at a moderate pace between 2016 and 2026.
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Global Spouted Pouches Market Dynamics:
Global spouted pouches market is expected to be primarily driven by increasing consumer preference towards beverages. Increasing out of pocket expenditure and increasing consumer spending on food coupled with growing organized retail market is expected to boost overall sales of spouted pouches. Nowadays, spouted pouches is also gaining traction in baby foods market. Increasing environmental awareness has further added to growth in sales of spouted pouches market owing to its reusable property. Besides this increasing the growth of pharmaceutical sector and energy drinks can impact the growth of spouted pouches market positively. Spouted pouches is comparatively cheaper when compared to glasses. As a result, many end-users are inclined towards the product. The design of the spouted pouches is such that it can be used for branding their products.
Global Spouted Pouches Market Segmentation:
The global spouted pouches market is segmented on the basis of type of application such as pharmaceutical products, alcoholic beverages, energy drink, lubricating oil, fruit juice, liquid soap. On the basis of size, spouted pouches such as segmented into 100 ml, 200 ml, 350 ml, 500 ml, 750 ml and 1 litter. On the basis of layer, the global spout pouches market can be segmented into two, three and four layer laminates. The global spouted market also can be segmented on the basis of colors of the spouted pouches such as red, green, blue, black, gold, silver etc. On the basis of components, the spouted pouches market can be segmented into straw, cap, film.
Global Spouted pouches Market: Regional Outlook:
Geographically, the global spouted pouches industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. Asia pacific is the most lucrative market over the forecast period for the spouted pouches market for the increasing growth of food & pharmaceutical packaging. Asia Pacific is expected to be primarily driven by China and India where per capita spending has increased manifold over the last five years. Furthermore, the region has witnessed substantial increase in food retail market. Furthermore, ASEAN is expected to contribute a major share to overall demand for spouted pouches in Asia Pacific. Free trade agreement in ASEAN countries could help companies to capitalize on the market. North America and Europe are relatively mature market. However, companies are emphasizing on product innovation and distribution channel to strengthen their market presence in the region. Latin America and MEA are expected to grow at relatively slower pace.
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Global Spouted Pouches Market Players:
The major players identified across the value chain of global spouted pouches market include Tyler, Glenroy Inc, Steripack, AMPAC, Foster packaging, HPM global Inc, Impak corporation, Purity flexpack limited, Swiss pack, WJ packaging solutions etc. In pursuit of growth, spouted pouches manufacturers are likely to invest more in the near future, particularly in the areas of product innovation, mergers and acquisitions and distribution channel.
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