Liquid Pouch Packaging Expected to Reach $10 Billion by 2024
The liquid pouch packaging market will exceed U.S. $10.5 billion by 2024, according to a new report by Global Market Insights Inc. (gminsights.com).
Shifting consumer preference for convenient packing solutions due to demographics and lifestyle dynamics are key trends driving liquid packaging demand. High flexibility, low weight and easy to carry will remain the top 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 U.S. $40 billion in 2016.