With 7.3% CAGR, Global Spout Pouch Market Size Worth US$ 40,266.7 Million by 2030

New Delhi, June 13, 2022 (GLOBE NEWSWIRE) -- Global Spout Pouch market was valued at US$ 21,784.2 Million in 2021 and is forecasted to reach US$ 40,266.7 Million by 2030.    The market is expected to register a CAGR of 7.3% during the forecast period 2022-2030.    In terms of revenue, the global spout pouch market is anticipated to reach 2,80,080 Mn units by 2030 from 1,48,012 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. 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. Due to the flexible packaging solutions in spout pouches, these products take up less space during dispensing. However, 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.

Factors such as rise in demand for safer packaging solution and increasing adoption in food and beverage and pharma sector drives the growth in the global spout pouch market over the forecast period. Improvement in economic conditions, along with an increase in health concerns, and strict environmental protection guidelines have led to an increase in the usage of lightweight packaging option such as spout pouch. Moreover, adoption of innovative packaging technologies and solutions creates a lucrative growth opportunity in the market. Spout pouches serve as an excellent cost-effective alternative to many products once limited to rigid packaging like rigid plastics, glass or metal packaging. However, recycling and environmental concern of spout pouches restricts the market growth.

Market Insights

• On the basis of product segment, beverages hold the largest market share 2021. Whereas, the energy drinks segment is expected to grow at the highest CAGR during the forecast period 2022-2030.

• In terms of component, the cap segment dominated the spout pouch market and is expected to grow at the highest CAGR during the forecast period as the caps allow the end-user to re-cap the product.

• By pouch size, the pouches with a capacity of less than 200 ml dominated the market in 2021.    Whereas, the 200 to 500 ml pouches are anticipated to grow at the highest CAGR during the forecast period.

• In terms of spout pouch material, the plastic segment holds the largest share in spout pouch market in 2021 as they are extremely light and easy to store or transport, especially when compared to other packaging solutions.    Whereas, the aluminium segment is expected to grow at the highest CAGR over the forecast period as they are anti-leak and provide an excellent moisture barrier.

• Based on closure type, screw is dominating the spout pouch market with a market share of 41.8% in 2021 and has the highest CAGR from 2022-2030. Screw further provides assurance that the liquid product will not spill out even if the standup pouch itself topples over.

• In terms of end user, the food & beverages holds the largest market share in 2021 owing to the demand for compact and lightweight packaging solutions.    Whereas, the soaps & detergent segment is expected to project the highest CAGR over the forecast period.

• By region, Asia Pacific spout pouches market is expected to grow at the highest CAGR of 8.1% from 2022 to 2030.    North America is the second-largest market for spout pouches.    Moreover, the growing use of stand-up pouches in the food & beverage, healthcare, cosmetics & toiletries, oil & lubricants, and agricultural products industries is expected to propel the stand-up pouch market in Asia Pacific.