Pouch Market to Surpass US$ 84.6 Bn as Demand for Flexible Solutions Surges
The global pouch market is predicted to rise with a CAGR of 5.3% over the forecast period, according to Future Market Insights. Applications in food & beverages, healthcare, personal care & cosmetics, and home care are fuelling the sales in the market. Increasing demand for low-cost, convenient, shelf-appealing and lightweight packaging will also propel the growth in the market.
Pouches use less material in their production, making them less costly than rigid packaging formats. Furthermore, due to their light weight and flexibility, CPG companies are gradually choosing pouches over rigid packaging products like composite cans, containers, boxes, etc. to reduce shipping costs.