Liquid pouch packaging market to exceed $10.5 billion by 2024
The liquid pouch packaging market size will exceed USD $10.5 billion by 2024; according to a new research report by Global Market Insights Inc. (gminsights.com).
Shifting consumer preference for convenient packing solutions due to demographics and lifestyle dynamics are key trending factors driving liquid packaging demand. High flexibility, low weight and easy to carry will remain key properties enhancing product penetration. Increase in consumer spending on energy drinks and prevalent health awareness trends will drive growth. Global energy drink spending was over USD $40 billion in 2016.