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Four Side Flat Pouch Market Size
- Report ID: GMI2666
- Published Date: Jun 2018
- Report Format: PDF
Four Side Flat Pouch Market Size
Global Four Side Flat Pouch Market size was worth at over USD 5 billion in 2017 and will surpass USD 8 billion by 2024.
Low cost, light weight properties and high convenience to carry the product are the key factors fuelling the product demand. Potential applications in various industries such as industrial, food & beverages and personal care will drive the four side flat pouch market share over the forecast timeline. Growing necessity for protective packaging especially for ready to cook food has enhanced the product penetration. This can be credited to hectic schedules especially in urban areas will fuel the product demand.
Changing lifestyle of the people along with rise in travelling frequencies has resulted in rising need for convenient packaging solution. Flexibility and easy to carry goods have increased the demand for the four side seal pouch packaging. Strong vacuum finish and sealing strength of the product as compared to other packaging materials are the key factors driving the industry growth. Need for attractive packages coupled with extended shelf life has further boosted the product demand over the forecast timeline.
Increasing packaged food and beverages demand in developing countries is projected to enhance growth prospects for the four side flat pouch market share. In addition, rising consumer preference towards light weight packaging has driven the industry demand. The changing food habits along with inclination towards fast food will further support the business growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2017 |
| Four Side Flat Pouch Market Size in 2017: | 5 Billion (USD) |
| Forecast Period: | 2018 to 2024 |
| 2024 Value Projection: | 8 Billion (USD) |
| Historical Data for: | 2013 to 2017 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 288 |
| Segments covered: | Material, Application, and Region |
With increasing technological advancements and product innovation, the design and utility of the product are anticipated to propel the four side flat pouch market size. The appearance of products sealed on all sides are more attractive as compared to other packaging products. Development in organized retail industry has lead to surge in industry growth.
Shifting preference of brand owners towards convenience packing to position, differentiate and promote their product will enhance the business growth. Preferences of people for large space pouches while travelling coupled with fluctuating raw material prices for polymers are challenging the industry growth. Stringent government norms on recyclability of materials used in packaging may further restrain the industry demand.
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Four Side Flat Pouch Market Scope
