High-Barrier Pouches Market for food industry is expected to soar higher during the forecast timeframe
Date: 2019-06-21   Author: Rahul Varpe  Category: #news

High-Barrier Pouches Market for food industry is expected to soar higher during the forecast timeframe

The latest High-Barrier Pouches Market Research Report 2024 contains complete Industry outlook, market manufacturers and key statistics analysis. The industry sales & Share, trends are all discussed, explained and analyzed. It provides marketing strategy analysis, distributors/traders list, raw materials analysis, import and export analysis, Key success factors and Supply Chain Analysis.

Escalating consumer inclination toward flexible packaging as opposed to rigid packaging is one of the key drivers of high-barrier pouches market. There has been a rising preference for packaged fresh, processed, and frozen food items, subject to increasingly hectic consumer lifestyles, which has led to stand-up and vacuum pouches garnering mass popularity.

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With tremendous rise in the population and escalating demand for flexible packaging across the food sector, Asia Pacific high barrier pouches market is projected to experience a notable expansion over the years to come. The region had contributed more than USD 450 million toward high barrier pouches industry revenue in 2016.

High-barrier pouches market in Europe was a major contributor towards overall industry share in 2016 and is slated to generate a revenue of USD 1 billion by 2024. The high popularity of pouch packaging for storing baby food, pet food, and detergents over conventional modes of storage such as metal cans & bottles will expand the scope of high barrier pouches market in Europe. Furthermore, the region has been witnessing consumers leading fast-paced, hectic lifestyles, thereby increasing the product demand, which would further contribute toward the expansion of Europe high barrier pouches industry share.

High barrier pouches market share is largely fragmented, with the presence of companies along the likes:

  • The Vacuum Pouch Company Limited
  • Bischof + Klein SE & Co. KG
  • Ampac Holdings LLC
  • Elliot Packaging Limited
  • Hood Packaging Corporation

These firms have made immense contributions towards the business landscape through automation of packaging processes, portfolio expansion, supply deals, and collaborations. Research studies affirm the vast expanse of high barrier pouches market, claiming this business space to accrue a valuation of USD 2.5 billion by 2024.

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Myriad innovations, it is observed, remain the go-to strategy for firms partaking in high-barrier pouches market share. In the third quarter of 2017 for instance, Toray Plastics launched two of its ultra-high barrier PET films, which are expected to provide enhanced shelf life and outstanding barrier performance across the eCommerce sector. In yet another development witnessed across high barrier pouches market, Sonoco Products Company has expanded its ClearGuard packaging portfolio with the inclusion of liquid pouches that have the ability to endure hot fill & retort cooking procedures.

With packaging claimed to be the 5th “P” of the marketing mix, it is expected that the demand for the high-barrier pouches across various sectors such as food & beverages, pharmaceuticals, and home & personal care sectors will gain momentum in the years ahead. The growing requirement to improve the shelf life of items across retail stores coupled with the demand for lightweight packaging has prompted the players across the packaging business to introduce innovative products, thereby augmenting high-barrier pouches market trends.

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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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