Four Side Flat Pouch Market Its Competitive Analysis Between 2018-2024
Increasing packaged food and beverages demand across the
developing nations will propel the global four
side flat pouch market size. Increasing usage of the product in
pharmaceutical industry has positively influenced the industry growth owing
rising rate of infectious diseases.
Changing lifestyle and inclination towards fast food will
offer positive outlook for industry growth. Rising need of packaging specially
for ready to cook food owing to the busy lifestyle of the consumers will
support the industry growth. Factors such as convenience to carry, flexibility,
strong sealing strength and vacuum finish are positively influencing the four
side flat pouch market growth. In addition, cost effectiveness, maintaining
freshness, and light weight properties of the product are driving the business
demand
.
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Increasing
packaged food and beverages demand across the developing nations will propel
the global four side flat pouch market size. Increasing usage of the product in
pharmaceutical industry has positively influenced the industry growth owing
rising rate of infectious diseases.
Presence
of multiple substitutes such as paper bags, boxes and metal cans will restrain
the industry growth. Increasing cost of raw materials such as polypropylene and
polyethylene will have a direct impact on the product price trend. Stringent
regulations on recyclability of materials are expected to hinder industry
growth from 2018 to 2024.
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Polyethylene
material volume share crossed 900 kilo tons in 2017. Low production cost of
polyethylene as compared to other plastics has propelled the product demand.
Polypropylene material holds over 25% of the industry share in 2017. This can
be credited to its properties such as low density, light weight, high heat
resistance, durability and high clarity.
Personal care
application is expected to be valued at over USD 1.2 billion by 2024. Growing
population coupled with rising per capita income of consumers has enhanced the
product penetration. The increasing demand for personal care products owing to
its various usage in skin care, oral care, make up and hair care, positively
supports the revenue generation.
Asia Pacific
four side flat pouch market size is anticipated to witness growth at over 7%
from 2018 to 2024. Growing food and beverage industry has projected to propel
the business growth. This can be credited to increasing penetration of
packaging industry mainly in urban areas.
Europe four side flat pouch market captures share of
over 32% in 2017. The region is expected to witness a decent growth owing to
the growing travel and tourism industry in Germany, UK, France and Italy.
Changing habits of the people along with rising demand from consumers for small
and convenient packages will propel the business growth. Shifting preference of
consumers for pouches over conventional bottles and metal cans specially in pet
food, baby food and detergents will fuel the business growth.
Smart
Pouches, SN German Pouch Pack Technology, Swiss Pac and Smurfit Kappa are among
major four side flat pouch manufacturers. Product innovation, mergers and
acquisitions and expansion of product portfolio are the major strategies
adopted by industry participants. Other considerable companies include Fresco,
Frain Group, The Dow Chemical Company, Ampac, Pakona, Neo Pack and Shunchi
Packing.
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Four Side Flat Pouch Market Its Competitive Analysis Between 2018-2024
Reviewed by GMI
on
June 28, 2018
Rating:
Reviewed by GMI
on
June 28, 2018
Rating:
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