Box Pouch Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Box Pouch Market grew at a CAGR of 3.8% between 2017-2021 and is estimated to be US$ 612.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5% and is expected to reach a valuation of US$ 951.3 Mn by 2032 end.
To increase the sales of box pouches, manufacturers are concentrating more on innovative packaging ideas to spread the word about their products and expand their marketing horizons. Flexible packaging is one of the box pouch industry trends that is becoming increasingly well-liked among manufacturers of both robust and liquid packaging. A box pouch is a versatile free-standing container with a flat bottom and additional product storage area.
RISING CONSUMER DEMAND FOR SUITABLE FOOD PACKAGING IS DRIVING THE MARKET
Due to growing consumer demand for appropriate food packaging, the box pouch industry is expanding globally. Box pouch sales are increasing due to their consumer-friendly form and portability. Box pouches also help the makers because they use fewer raw materials and may be sent for less money than rigid packing forms. This is a crucial factor driving the box pouch market’s growth on a global scale. Additionally, since box pouches can be adorned with varnish and embossing, the need for them is predicted to expand as gifts.
HIGH COST IS LIMITING THE MARKET GROWTH
The affordable price that Box Pouches have over their flexible equivalents is a significant factor limiting the market expansion of the worldwide box pouch business. Additionally, the global market growth for box pouches is likely to be hampered by several nations’ strict environmental rules and regulations that forbid plastic use in the packaging industry.
THE MARKET FOR BOX POUCHES IS ANTICIPATED TO BE DRIVEN BY THE RISING DEMAND FOR HOUSEHOLD GOODS
The increased demand for home items will likely boost the box pouch market over the forecast period. As household cleaners, such as surface deodorizers and surface cleansers, are used more frequently, the need for box pouches is predicted to rise. Due to the growing urban population, there is an increased demand for products that promote hygiene, such as household cleaners. Additionally, it is projected that the industry would be driven by consumer demand for low-foam detergents packaged in box pouches.
Market Segments Covered in Report
By Product Type:
By Closing Type:
By Region and Country:
Which end-user of box pouch market is increasing in demand?
Pet food & treats are anticipated to grow in the forecast period.
Which closing type is expected to expand the fastest during the forecast period?
Press-to-close zipper box Pouches are expected to expand the fastest during the forecast period.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Box pouch firms use many mergers and acquisitions to improve their market dominance in a specific area. In other cases, the companies build technological collaborations to create cutting-edge goods with higher performance qualities in an effort to increase box pouch sales. Businesses also provide products that are especially suited to the demands of the client in order to meet the demand-supply imbalance that the customers have shown.
These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for box pouch in the worldwide industry, market players in the box pouches market can anticipate attractive growth prospects in the future.
Some of the key developments that have taken place in the Box Pouch Market include:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product Type, End-User, Closing Type, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.5%.
The global box pouch market is experiencing strong growth due to rising consumer demand for suitable food packaging
Major global Box Pouch Market players are Amcor Ltd., Smurfit Kappa, DS Smith, Liquibox, Scholle IPN, CDF Corporation, Arlington Packaging (Rental) Limited, CENTRAL PACKAGE & DISPLAY, Accurate Box Company, Inc, TPS Rental System Ltd
A major element limiting the market expansion of the global box pouch industry is the reasonable cost.
North America is expected to account for the largest market revenue share in the Global Box Pouch market.
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