London, 18 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global high-barrier pouches market 2015-2019, which is predicted to grow at a steady rate during the period 2014-2019, with a CAGR of 6.63%.
Vendors in the market are increasing their R&D investments for manufacturing innovative high-barrier pouches with various value-added features. Also, enhancement in the quality of raw materials, such as plastic resins and film substrates that provide increased heat tolerance, has also propelled market growth.
“Manufacturers of food and other consumer packaged products spend large sums of money in developing labels and packaging for their products that is convenient to use and also visually appealing,” says Faisal Ghaus, Vice President of Technavio.
“Vendors that offer attractive customized packaging and labeling solutions to their customers are likely to register high growth during the forecast period.”
Key Market Drivers
- Introduction of value-added features
- Growing demand from APAC
- Rising global population
- Supply chain efficiency
Key Market Trends
- Growing importance of aesthetic appeal in design
- Surge in demand from non-food segment
- Innovative production methods
Key Market Vendors
- Amcor Ltd.
- American Pouch Co.
- Bemis Co.
- Sealed Air
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
