What Is The Definition Of The Global Spouted Pouches Market?
Spouted pouches are flexible packaging solutions featuring a spout affixed to the packaging, allowing for easy pouring and dispensing of contents. They are widely used for liquids, powders, and semi-liquid products due to their convenience and versatility.
Spouted Pouches Global Market Report 2024 provides data on the global spouted pouches market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The spouted pouches market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Are The Global Spouted Pouches Market Size And Growth Rates Projected To Evolve?
The spouted pouches market has grown strongly, increasing from $3.15 billion in 2023 to $3.44 billion in 2024, at a CAGR of 9.3%. Growth in the historic period has been driven by demand for energy drinks, packaged food, and cost-effective alternatives. The market is projected to grow to $4.98 billion by 2028, at a CAGR of 9.7%. This growth will be supported by demand for sustainable and portable packaging, the expansion of organized e-retail, and increasing use in the food and beverage industries. Trends include innovations in packaging technology and design.
What Are The Essential Drivers Behind The Growth Of The Spouted Pouches Market?
The increasing demand for on-the-go food and beverage products is expected to drive the growth of the spouted pouch market. These products are convenient and easy to consume outside traditional dining settings, such as at work or during travel. The demand for on-the-go food and beverage products is rising due to busy lifestyles, urbanization, and preferences for convenience. Spouted pouches are ideal for these products due to their portable, resealable design, making them easy to carry, pour, and consume without spills. In October 2023, the Government of Canada reported that exports of processed food and beverages reached a record $54.3 billion in 2022, a 14.1% rise from the previous year. Therefore, the growing demand for on-the-go food and beverage products is driving the spouted pouch market.
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How Is The Global Spouted Pouches Market Divided Into Key Segments?
The spouted pouches market covered in this report is segmented –
1) By Component: Cap, Straw, Film
2) By Material: Plastic, Aluminium, Paper
3) By Pouch Size: Less Than 200 ML, 200 ML To 500 ML, 500 ML To 1000 ML, More Than 1000 ML
4) By Filling Process: Standard, Aseptic, Retort, Hot-Filled
5) By Application: Food And Beverage, Personal Care, Automotive, Pharmaceutical, Other Applications
What Trends Are Reshaping The Future Of The Spouted Pouches Market?
Similarly, companies in the spouted pouches market are leveraging advanced materials and designs to improve recyclability and reduce environmental impact. For instance, in February 2024, Amcor plc, an Australian packaging company, partnered with Stonyfield Organic, a US-based dairy producer, to launch the first all-polyethylene (PE) spouted pouch. Utilizing Amcor's AmPrima Plus recyclable film and Cheer Pack North America’s Vizi cap, this eco-friendly pouch replaces multilayer packaging for Stonyfield Organic's YoBaby yogurt. The new design reduces plastic usage and enhances recyclability, representing a significant step toward sustainable packaging practices.
What Is The Fastest Growing Region In The Spouted Pouches Market?
North America was the largest region in the spouted pouches market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spouted pouches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
