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Spout & Non-Spout Liquid Pouch Packaging Market Size

Report ID: GMI2832
Published Date: Aug 2018
Report Format: PDF

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Spout & Non-Spout Liquid Pouch Packaging Market Size

Global Spout & Non-Spout Liquid Pouch Packaging Market size was valued at over USD 6 billion in 2017 and is anticipated to witness CAGR at over 7.5% up to 2024. Strong outlook in food & beverages, personal care, home care, industrial and pharmaceutical applications will propel the product market growth.

Shifting consumer preference towards convenient packing options coupled with improving living standards are among key factors driving the product demand. Rising ready-to-eat food products demand due to busy schedules will support the industry growth.

Spout & Non-Spout Liquid Pouch Packaging Market Outlook

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Increasing consumer health consciousness resulting in shifting focus towards fluid diet & beverages will fuel business growth. For instance, as per Tetra Pak report, global 100% fruit juice market accounted for more than 15 billion litres in 2018. Shifting significance for decorative & stand up packages in retail industry will propel the spout & non-spout liquid pouch packaging market.

Improved flexibility, easy to carry and light weight are the major properties stimulating the product penetration. Non-spout liquid pouch packaging exhibit less raw material usage & wastage in manufacturing and less space requirement in transportation resulting in low fuel consumption & pollutant emission. Surging polymer demand as raw material accompanied by its abundant availability will stimulate the spout & non-spout liquid pouch packaging market share.

Technological advancement and product innovations particularly for infant food with superior flexibility and puncture resistance properties has enhanced the product penetration. Advanced fitments such as re-sealable caps, tubes and pout valves provide convenience in food consumption. In addition, factors including ease of disposability, extensive shelf life along with cost effectiveness will support the spout & non-spout liquid pouch packaging market size.

Spout & Non-Spout Liquid Pouch Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2017
Spout & Non-Spout Liquid Pouch Packaging Market Size in 2017:	6 Billion (USD)
Forecast Period:	2018 to 2024
Forecast Period 2018 to 2024 CAGR:	7.5%
2024 Value Projection:	10 Billion (USD)
Historical Data for:	2013 to 2017
No. of Pages:	500
Tables, Charts & Figures:	642
Segments covered:	Type, Application, Size, Laminates and Region

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Growth in R&D investments to innovate efficient designs & enhance utility among manufacturers will propel the product development. Fluctuating polymer costs due to volatile petrochemical prices is among key factor influencing the product price trend. However, stringent government regulations on polymer consumptions may hamper the industry growth.

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

With the increasing the processed food demand due to rapid urbanization and busier lifestyles, global spout & non-spout liquid pouch packaging industry size is poised to exceed USD 10 billion by 2024.

In 2017, the food & beverage application valued over USD 3 billion in non-spout liquid pouch packaging market share due to a higher inclination of consumers towards processed food and fluid diet.

The Asia pacific spout & non-spout liquid pouch packaging market is expected to report over 2 million tons by 2024 owing to increased consumer spending on FMCG products like packaged food.

The three-layer laminates accounted for more than 45% market share in 2017 and are anticipated to witness a substantial growth due to ease in high-quality design printing and increased scope in food & beverage applications.