Bizizz Market Research has recently published a research report, “Pre-made Pouch Packaging Market By Material (Plastic, Paper) by Design (Spout pouches, Flat-based pouches, Plastic sides), by End-Use Industry (Pharmaceutical, Food, Personal Care, Pet food, Household Products, Cosmetics), by Specifications(Transparency, Easy-spouts, High-barriers, Reclosable zippers) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Pre-made Pouch Packaging Market was valued at US$ XX BN in 2018 and it is anticipated to reach at market value of US$ 21.8 BN by 2027, witnessing a CAGR of 11.2 % during the forecast period. Key drivers of the market are rising demand from various industry verticals because of flexibility and convenience offered by premade pouch packaging. However, the factor that is restraining the growth of global market is that these pouches cannot be manufactured from recycled materials.
The rising prevalence of the premade pouches in the food industry, and growing demand from healthcare and pharmaceutical industry is fueling the growth of global market. Moreover, the technological improvements in the packaging industry, wide range of application, and emerging countries are assisting to boost the market growth.
The Pre-made Pouch Packaging Market Is Anticipated To Register A CAGR Of Over 11.2% During The Forecast Period.
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By End-Use Industry, Food Based Pre-made Pouch Packaging Market Segment Held A Prominent Share In Global Pre-made Pouch Packaging Market In 2018.
The food segment is anticipated to embrace the largest market share in the pre-made pouch packaging market. Packed food demand is foreseen to observe potential growth all over the world, compelled by the growing urban population boosting the market worldwide. Confectionery & Bakery and meat & poultry subdivisions of the food segment in the global market collectively are predicted to estimate for approximately 50% of the food segment in 2018.
Europe Is Anticipated To Dominate The Global Pre-made Pouch Packaging Market During The Forecast Period.
Europe accommodates more than one-fourth of the global market and is anticipated to sustain its influence in the market. In the European region, Germany holds the uppermost market share, while nations like Spain and Russia are projected to observe comparatively more eminent extension in the demand of pre-made pouch packaging in the course of the assessment duration. This can be ascribed to the increasing demand for packed food in the region. In addition, packaging companies in the region are providing pouches with inventive features. This is projected to boost customer attention in products packed in pre-made pouch packaging.
The global market is fragmented in nature. The companies are focused on expanding their operational facilities across the globe which is expected to enhance their customer base.
Prominent players operating in the Global Pre-made Pouch Packaging Market are: Bemis Company, Inc., Genpack Flexible, Bossar Packaging, Matrix Packaging Machinery, WeighPack Systems Inc., Tyler Packaging, Karlville, General Packer Co., Ltd., Viking Masek Global Packaging Technologies, and Accredo Packaging among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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