Shifting consumer preference for sustainable and convenience lifestyles coupled with the necessity to extend shelf life has enhanced the high-barrier pouches market growth. Potential applications in food, beverages and pet foods will propel industry growth. Global food packaging industry is anticipated to worth over $300 billion by 2020, the study says.
Inclination toward packaged-food products due to hectic consumer schedules are key factors driving industry demand. Rising demand for home-care products including liquid detergents, diluted bleach and softeners will fuel the high-barrier pouches market. Innovations in product add-ons such as resealable zippers, spouts, sliders, notches, and handles will support product demand.
Increasing R&D spending along with product innovations to improve packaging appeal including spouted packaging will drive high-barrier pouches market size, the report says. Growth in organized retail industry particularly in emerging nations will drive product penetration. Rising demand from pasteurized and sterilized products due to superior protective properties has enhanced industry demand.
Technology advancements including faster machinery speeds and reduced heating time particularly in retort applications are key factors driving product scope. Moreover, development in coatings and protective-film substrates to enhance heat tolerance and strength will fuel industry growth.
Rising penetration of standup pouch packaging due to its significant benefits including enhanced shelf look, ease to carry, excellent flexibility and light weight will drive product demand. Increasing environmental concerns accompanied by decomposition issues of polymers may hamper industry growth. However, increased recyclability and emergence of biodegradable plastics will provide positive outlook for the industry.
High-Barrier Pouches Market, By Product
Standup pouches market was valued over $650 million in 2016. Ability of stand upright, reduced retort & sterilization time and easy-to-handle are the key properties enhancing standup-products replacement over conventional packaging. Increasing product usage in pet food, dried and snack-food packaging will drive industry demand. Moreover, improved shelf appearance, better preservation of taste & nutritional values and energy efficiency have enhanced product scope.
Four-side-seal pouches accounted for more than 25% of overall industry share in 2016. Increasing versatility of packaging including dry, liquid and paste forms has supported industry demand. Improved convenience and easy-to-carry & handle properties have enhanced the product scope particularly in commercial applications.
High-Barrier Pouches Market, By Material
Polyethylene is anticipated to generate over 150,000 tonnes by 2024. Enhanced film stiffness and moisture protection encouraging the shelf life of products are key factors. Rising demand for low-density polyethylene (LDPE). particularly from industrial and food & beverage applications. will propel the high-barrier pouches market.
Polypropylene will observe gains over 5% up to 2024, owing to its significant properties including improved lucidity and crystal clarity enhancing the product image. Excellent protection against moisture, vapors along with chemical resistance to preserve taste and freshness of packed food will create new opportunities for industry growth.
High-Barrier Pouches Market, By Application
Beverages market will witness CAGR over 5.5% up to 2024. Increasing consumer preference for fruit juices, owing to rising health consciousness will propel the industry growth. Strong outlook in dairy products, energy drinks, powdered instant drinks, juices and wine will provide positive outlook for product demand.
Food industry will witness gains over 5% up to 2024. Changing food habits coupled with consumer inclination toward snack food, confectionery and fast food will support industry growth. Increasing necessity for protective packaging particularly for processed meat and ready-to-eat food products has enhanced product penetration. Improved safety of retort as well as non-retort food is a key factor fueling product demand.
High-Barrier Pouches Market, By Film Layer
Five-layer constructions accounted for more than 55% of industry share in 2016. Five-layer, high-barrier pouches commonly consist of EVOH, polyethylene, polypropylene or polyamide layers providing excellent flex-crack resistance. Superior durability, gas prevention and excellent strength are key properties enhancing product demand.
Seven-layer, high-barrier pouches market will witness gains over 5.5% up to 2024. Increasing product usage in food, beverages and industrial applications due to customized packaging solution including several layers will drive business growth. Protection of aroma, freshness, flavor and taste of packaging content are supporting factors of product demand.
More info: https://www.gminsights.com/industry-analysis/high-barrier-pouches-market