Global Flat Pouches Market 2016-2020
Pouches are made of flexible or easy-yielding materials; this helps to change the shape of these pouches easily based on the nature of the product being packaged. Pouches undergo a detailed conversion process such as printing, lamination, coating, and extrusion to develop different types of packaging products. A flat pouch is known as pillow pack, and it has various features such as zippers and slider closures. Flat pouches are gaining popularity in the market as they are lightweight; this helps reduce the transportation cost.
Technavio’s analysts forecast the global flat pouches market to grow at a CAGR of 4.52% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global flat pouches market for 2016-2020. To calculate the market size, the report considers the revenue generated by vendors through the offering of flat pouches in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flat Pouches Market 2016-2020
Technavio recognizes the following companies as the key players in the global flat pouches market: Amcor, Bemis, Sealed Air, Sonoco, and The Vacuum Pouch Company.
Other Prominent Vendors in the market are: AK Products, Associated Bag, Bison Bag, Constantia Flexibles, InterPlas, Montage Pouch Dynamics, Swisspac, Tyler packaging, and Universal plastic bags.
Commenting on the report, an analyst from Technavio’s team said: “A recent trend emerging in the global market is the increasing use of high-barrier flexible packaging products. High-barrier flexible material contains resins, which provide better product protection from factors such as moisture and oxygen and provide longer shelf life. Pouches made from these materials have higher performance than other packaging products as specialized coatings and laminated structures along with resins are used to develop this form of packaging. Some of the high-barrier plastics used in the development of pouches include biaxially-oriented polyethylene terephthalate (BOPET) and ethylene vinyl alcohol (EVOH), which are products that are gaining popularity among the consumers globally. Moreover, these high-barrier plastics are considered to be premium packaging, and they are increasingly being used by food and beverage companies.”
According to the report, one of the major drivers of the global flat pouches market is an increase in the demand for packaged food and beverages from consumers across various developed and developing countries. The global packaged food market is expected to reach about $3 billion, growing at a CAGR of around 5% during the forecast period. With the economic conditions improving in many developed countries and with consumers' disposable income increasing in developing countries such as China, India, Brazil, and Saudi Arabia, the demand for packaged food and beverages has been increasing. This has increased demand for packaging solutions and products.
Further, the report states that fluctuation in the price of raw materials is another major challenge faced by vendors in the global flat pouches market. Since, most of the pouches are made of plastic, any fluctuation in its price cause the high effect to vendors. Crude oil and natural gas are the major sources of naphtha and ethylene, which are the basic materials used to manufacture polypropylene. The polypropylene market vendors and manufacturers have been facing challenges in areas such as the supply of raw material, and fluctuation in demand and pricing volatility.
Amcor, Bemis, Sealed Air, Sonoco, The Vacuum Pouch Company, AK Products, Associated Bag, Bison Bag, Constantia Flexibles, InterPlas, Montage Pouch Dynamics, Swisspac, Tyler packaging, and Universal plastic bags.