Four Side Flat Pouch Market Analysis

Four Side Flat Pouch Market Analysis

Polyethylene accounted for around 50% of the overall four side flat pouch market share in 2017. High flexibility, superior thermal & chemical resistivity along with enhanced insulation properties are among key factors driving the polyethylene demand. The lower production cost of polyethylene as compared to other plastics has encouraged the producers to prefer its use in packaging.
 

Polypropylene material will witness gains at over 6.5% CAGR up to 2024. High heat resistance, low density, and high clarity & durability are among the key factors propelling the product demand. Increasing propylene demand due to its ability to act as a moderate barrier to gases, odours and moisture has enhanced the business growth.
 

Food & beverage sector is anticipated to be valued at over USD 5.3 billion by 2024. Increasing packaged food and beverages demand owing to robust economic conditions has increased the product demand. Increasing use of ready to eat food has enhanced the product penetration.
 

Four side flat pouch market from personal care application is anticipated to observe growth at over 7% up to 2024. Consumers tend to spend more on personal care products owing to the growing disposable income has fuelled the industry size. Increasing personal care products demand due to its various usage in hair care, skin care, make-up and oral care is driving the industry growth.
 

Europe four side flat pouch market accounted for over 28% share in 2017. Increasing travel and tourism industry sector in Germany, Italy, UK and France has led to four side flat pouch market growth. Fast paced lifestyle coupled with increasing consumer preferences for small and convenient packages will fuel the business growth. Rapid replacement of flexible packaging over conventional metal cans and bottles mainly for detergents, baby food and pet food will support the industry growth.
 

Asia Pacific four side flat pouch market will witness growth at over 7% over the forecast timeline. Growing population along with increasing per capita income has enhanced the product penetration. Rising demand for ready to cook food products coupled with increasing penetration of packing in urban areas will drive the product demand.