With 7.3% CAGR, Global Spout Pouch Market Size Worth US$ 40,266.7 Million by 2030Issuing time:2022-08-25 15:22 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
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Competitive Insight Global Spout Pouch Market is highly competitive in order to increase their presence in the marketplace. Some of the key players operating in the global spout pouch market include 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 market is segmented based on product, component, pouch size, material, closure type, end user and region. The industry trends in the spout pouch market are sub-divided into different categories in order to get a holistic view of the global marketplace. Following are the different segments of the Global Spout Pouch Market: By Product Segment of the Global Spout Pouch Market is Sub-Segmented into:
By Component Segment of the Global Spout Pouch Market is Sub-Segmented into:
By Pouch Size Segment of the Global Spout Pouch Market is Sub-Segmented into:
By Material Segment of the Global Spout Pouch Market is Sub-Segmented into:
By Closure Type Segment of the Global Spout Pouch Market is Sub-Segmented into:
By End user Segment of the Global Spout Pouch Market is Sub-Segmented into:
By Region Segment of the Global Spout Pouch Market is Sub-Segmented into:
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