Analysis
Global flat pouches market is set to witness a steady CAGR of 4.85% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for convenience and packed food among population is the major factor for the growth of this market.
Definition
Flat pouches are usually made of flexible material so that they can easily change shape as per the need of the product. They are usually easy to carry and handle. They are usually of two types rigid packaging flat pouches and flexible packaging flat pouches. These pouches go through different process like layering, lamination and extrusion. They are widely used in the field of food, pharmaceutical and among others. Rising demand for packed food among population is the major factor fuelling the market growth.
Drivers:
- Technological advancement and development in packaging industry will drive the market
- Rising demand for packaged food among population will propel market
- Increasing adoption of new material for barrier protection and long shelf life will also drive market
- Increasing demand for flat pouches in pharmaceutical industry will also act as driver for this market
Restraint:
- High investment cost will restrain the market growth
Segmentation:
Global Flat Pouches Market By Type (Flexible Packaging Flat Pouches, Rigid Packaging Flat Pouches), Application (Food, Pharmaceuticals, Consumer Goods, Other), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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Competitive Analysis:
Global flat pouches market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flat pouches market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Competitors:
Few of the major competitors currently working in the global flat pouches market are Amcor Limited, Bemis Company, Inc., Sealed Air, Sonoco Products Company, The Vaccum Pouch Company, FlexiPACK Ltd., AK PRODUCT, International Plastics Inc., Swiss Pac Pvt. Ltd., Tyler Packaging Limited and among others.
Key Insights in the report:
- Complete market analysis and forecasting
- Market definition, understanding the concept of paper & paperboard packaging
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis
Key Developments Of This Report
- In January 2019, TricorBraun announced that they have acquired Pacific Bag Inc so that they can expand their new flexible packaging business. They will help them to strengthen their position in the market and expand their business. These companies together are planning to create TricorBraun Flex.
- In September 2018, ProMach announced that they are going to expand them in the flexible packaging market with the acquisition of FLtècnics of Girona, This acquisition will help them to use new technologies and innovations so that they can create new products and services. This will also help the company to expand their business worldwide and strengthen their position in the market.
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