Global Spout Pouch Market was valued at US$ 21,784.2 Mn in 2021 and is projected to reach US$ 40,266.7 Mn by 2030. The market is expected to register a CAGR of 7.3% during the forecast period 2022-2030. In terms of volume, the spout pouch market is anticipated to reach 2,80,080 Mn units by 2030 from 1,56,448 Mn units in 2021, registering a CAGR of 6.9% during the forecast period. Spout pouch is a flexible packaging option for all the fluid products. Its usage can be seen for various purposes such as to wrap liquid and non-Liquid substances.
Market Dynamics
Drivers:
Spout pouches can hold liquids, beverages, wine, juices, honey, sugar, sauces, packages, bone broths, pumpkins, purees, lotions, detergents, cleaning agents, soaps, oils, and fuels. It is often used in many non-liquid products, powdered or granular products. Rigid packaging options such as bottles, cartons, and jars that are used for packing liquids occupy a lot of space on the shelves. In addition, these packaging formats are also prone to breakage. Thus, plastic pouches have gained popularity in packaging of liquids such as liquid bathing soaps, gels, hand soaps, detergents, and sanitizers.
Restraints:
Plastic packaging for spout pouches is hazardous to environment as they lead to increased waste, landfills, marine pollution leading to death of aquatic animals. This calls for green packaging options under spout pouches to reduce plastic content. Many countries have come up with alternatives as packaging innovation to curb use of plastic packaging. This factor is expected to hamper the market growth for the spout pouch market.
Opportunity:
Spout pouches are becoming more prevalent across food & beverage, lubricants, and many other industries due to advances in flexible packaging materials and an increasingly widely available variety of convenient spouts & fitments. The worldwide adoption of spout pouches under various industries calls for continuous innovation using advanced technology for incorporating needs of customers. The key market players under spout pouch market can undertake customization to boost sales of spout pouches.
Trends:
In the recent years, there has been a growing demand in the market for corner outlet bags. Additional benefits over other alternatives of spout pouches are that these pouches are one of the most attractive forms of promotional packaging. They are more functional, stable, and shelf-accessible than other liquid storage solutions.
Impact of COVID-19
COVID-19 has led to increased adoption of sanitizer packed in spout pouches of different varieties and sizes across many distribution channels round the globe. The key market players witnessed high growth for 2020 and will continue the same in the forthcoming years due to ability of spout pouches to keep food and beverages durable and fresh served and preserved for longer periods as well. However, due to COVID-19 outbreak, many pouch packaging manufacturers faced supply chain disruptions. Hence, the COVID-19 impact on spout pouch will face disruption for shorter duration but their adoption across a variety of sector will boost the market growth in the forecast period.
Regional Analysis
Asia Pacific to grow at the fastest CAGR during 2022-2030
Asia Pacific spout pouch market was valued at US$ 5,862.5 Mn in 2021 and is expected to grow at the fastest CAGR of 8.1% during 2022 to 2030. The rising demand for stand-up pouches from highly populous nations such as India and China can be ascribed to the market's expansion in the Asia Pacific. China is leading the expansion of the Asia-Pacific market, and the beverages category is dominant in this country. North America is the second-largest market for spout pouches with a share of 26.9% in 2021.
U.S is the highest shareholder region in North America in 2021
The U.S. is the highest share holder region and is projected to grow with the highest CAGR of 7.3% during the forecast period. Because of the increased need for customized packaging, the United States is leading the expansion of the North American market. In terms of product, energy drink is expected to dominate the global marketplace during 2022-2030.
Russia dominates the Europe Spout Pouch Market
Russia is the highest share holder country in 2021 and UK is projected to grow with the highest CAGR of 7.5%. Beverages holds the highest market share of in product segment in 2021. In terms of component, cap holds the highest market share of 44% in 2021 and will continue its dominance during the forecast period. By material, plastic is the highest share holder segment and paper is projected to grow with the highest CAGR of 6.85% by 2030.
South Africa is the highest shareholder in Middle East & Africa region
South Africa is the highest share holder region in MEA with a market share of 34.7% in 2021 and is projected to grow with the highest CAGR of 6% during the forecast period. By end user, food and beverage industry of MEA holds the maximum share of 43.1% in 2021.
Brazil in South America has the fastest CAGR during 2022-2030
Brazil is the highest share holder region and is projected to grow with the highest CAGR of 7.0% during the forecast period. By pouch size, less than 200 ml holds 44% of the spout market share of South American region in 2021.
Key Players
The key players in the global spout pouch market are Amcor Ltd., Sonoco Products Company, Mondi Group, ProAmpac, Smurfit Kappa Group, Bischof & Klein GmbH & Co. KG, Bemis Company, Glenroy Inc., Printpack Inc., Coating Excellence International, Color Flex, Winpak Ltd., and Logos Pack & Sealed Air Corp. among others.
Segmentation Overview
Global Spout Pouch Marketis segmented based on product, component, pouch size, material, closure type, end user, and region. These segments are further sub-divided to get a holist picture of the market.
Following are the different segments of the Global Spout Pouch Market: -
By Product
By Component
By Pouch Size
By Material
By Closure Type
By End User
By Region
Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below:
https://www.astuteanalytica.com/request-sample/spout-pouch-market
