Packaging has become an integral part in the supply chain of any industry. This increased the demand for packaging in different sectors such as food and beverages, agriculture, healthcare, and construction, which have introduced innovative packaging materials and designs. In the past two decades, the packaging industry has seen a huge transformation in terms of innovation. From simple packaging material like glass, metal, and paper, the market has come a long way to the emergence of various plastic polymers such as PE, PET, EVOH, LDPE, and HDPE. In addition, there have been a lot of changes in types of packaging like the introduction of bag-in-boxes, pouches, and paper bags.
Technavio’s analysts forecast the global high-barrier pouches market to grow at a CAGR of 6.83% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global high-barrier pouches market for 2016-2020. To calculate the market size, the report considers the revenue generated by vendors offering high-barrier pouches in the market (manufacturers of high-barrier pouches).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global High-Barrier Pouches Market 2016-2020
Technavio recognizes the following companies as the key players in the global high-barrier pouches market: American Pouch, Amcor, Bemis, Sealed Air, and The Vacuum Pouch Company.
Other Prominent Vendors in the market are: Ampac Holdings, Bischof+Klein, Clifton Packaging, Elliot Packaging, Essentra PLC, Hood Packaging, Sonoco, Total Pack, and Winpak.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be increase in demand from non-food and beverages sector. Non-food manufacturers are increasingly using high-barrier pouches, primarily for agriculture-based products, such as fertilizers used in gardens and lawns. They are also used for medicines and other consumer care goods packaging such as liquid detergent. These pouches are strong and have high barrier properties, ensuring product safety.”
According to the report, one of the key drivers for market growth will be high film consumption by dried food and snack food. The demand for food packaging has seen a tremendous growth in the past decade. The US is the major contributor to the growth of this market. The food packaging market in the US hit volume sales of 32.2 billion units in 2013 at a CAGR of 3%. California, Wisconsin, and Idaho generate most of the revenue for the food products packaging market in North America. Most of the major vendors in the food packaging market are from the US like Amcor, Bemis, International Paper, and Sonoco. These factors have fuel the demand for high-barrier pouch packages during the forecast period.
Further, the report states that one of the challenges for the market will be intense competition from other forms of packaging. The demand for other forms of packaging, such as rigid packaging, has hindered the growth of the market. Rigid packaging products are not flexible and do not change form with changes in temperature. They are primarily used in the packaging of food and pharmaceutical products. Rigid packaging and high-barrier pouches are competing for the same consumer markets. However, high-barrier pouches are priced considerably higher than other forms of packaging. Rigid packaging is more popular among consumers than high-barrier pouches as they are considered to give a more premium appeal to products. Manufacturers of luxury products are hesitant to use high-barrier pouches as they feel these pouches do not allow easy customization to give a unique identity to their products.
American Pouch, Amcor, Bemis, Sealed Air, The Vacuum Pouch Company, Ampac Holdings, Bischof+Klein, Clifton Packaging, Elliot Packaging, Essentra PLC, Hood Packaging, Sonoco, Total Pack, Winpak.
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