Four Side Flat Pouch Market will grow at 6.5% CAGR up to 2024 from Polypropylene Material
Date: 2018-11-13   Author: Rahul Varpe  Category: #news

Four Side Flat Pouch Market will grow at 6.5% CAGR up to 2024 from Polypropylene Material

According to a new research report by Global Market Insights, Inc. Global Four Side Flat Pouch Market size is estimated to exceed USD 8 billion by 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.

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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.

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.

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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.

Global four side flat pouch market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons, million units and revenue in USD million from 2013 to 2024, for the following segments:

Global Four Side Flat Pouch Market, By Material
•    Polyethylene
•    Polypropylene
•    Aluminum
•    Others (Polystyrene, polyester)

Global Four Side Flat Pouch Market, By Application

•    Food & beverages
o    Infant food, apple sauce/pudding/condiments/jelly/peanut butter/sauces
o    Tea, coffee, sugar & other granular food
o    Juices & snacks

•    Personal care
o    Shampoo
o    Liquid soap
o    Towelettes

•    Pharmaceuticals
o    Creams & gels
o    Syrups & lozenges

•    Industrial
o    Lubricants
o    Fluids
o    Paint & coatings

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.

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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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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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