Pouches Market in North America 2015-2019
Pouches are made of flexible or easy-yielding materials that can easily change shape based on the nature of the product being packaged. Pouches undergo printing, lamination, coating, and extrusion and are fitted with various add-ons such as zippers, pour spouts, slider closures, and release valves. Packaging protects the product from spoilage and improves overall aesthetic appeal. It also provides essential information about the product and convenience for consumers in terms of handling.
Technavio's analysts forecast the pouches market in North America to grow at a CAGR of 7.01% over the period 2014-2019.
Covered in this Report
The report includes the present scenario and the growth prospects of the pouches market in North America for the period 2015-2019. The market can be segmented into two based on the following: type and end-user.
Technavio's report, Pouches Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Pouches Market in North America 2015-2019
Technavio recognizes the following companies as the key players in the Pouches Market in North America: Amcor Ltd., Bemis Company Inc., Flair Flexible Packaging Corp., and Sonoco Products Company.
Other Prominent Vendors in the market are: Accredo Packaging, All American Containers, Cheer Pack North America, Diamond Flexible Packaging, Exopack, Flexaco, Fres-Co Systems, Kendall Packaging, MJS Packaging, Mondi Jackson, Peel Plastic Products, Polymer Packaging, Precision Pouches, Printpack, Star Packaging, and Winpak.
Commenting on the report, an analyst from Technavio’s team said: “The increase in adoption by alcoholic beverage manufacturers is a key trend observed in this market. Many alcoholic beverage manufacturers in North America have begun to use pouches instead of traditional rigid packaging materials to package their products. Pouches are capable of protecting alcoholic beverages from punctures, odor, moisture, light, and air.”
According to the report, the growing demand for esthetic appeal is a critical driver that promotes growth in this market. Esthetically appealing features give manufacturers the opportunity to differentiate their products from those of their competitors and help build brand image.
Further, the report states that increasing adoption of lightweight rigid plastics is one of the major challenges faced by this market. Lightweight packaging materials are increasingly gaining popularity among customers. The need for the reduction of transportation and carriage costs, leading to increased profitability, has become one of their prime focus areas.