High-barrier pouches: Key market research findings
- The Americas dominate the market geographically
- Food segment accounts for a majority of the market’s revenue
- Key vendors – American Pouch, Amcor, Bemis, Sealed Air, and The Vacuum Pouch
Technavio’s market research analysts predict the global market for high-barrier pouches to grow at a CAGR of almost 7% between 2016 and 2020. The availability of new materials and the growing preference for premium pouches are the key driving forces behind the growth of this market. The adoption rate of such pouches is high from the military sector, pharmaceutical sector, and other sectors that require longer shelf life for their food products. The product line is growing as these sectors need a wide range of films that are appropriate for oxygen/moisture sensitive goods. During 2015, the global high-barrier pouches market was dominated by the Americas with a market value of around $18 million. The growing popularity of packaged and processed food products in the region will fuel the growth of the high-barrier pouches market in the Americas over the next four years.
The new market research report from Technavio presents a breakdown and analysis of the high-barrier packaging pouch segments based on the end-user.
“According to our analysts, the rise in the demand for single-serve beverages will augment the demand for high-barrier pouches in the market. The introduction of single-serve beverages is providing huge opportunities for beverage manufacturers to reach a larger market. Ready-to-drink beverages can easily be kept in refrigerated cases along with water, juices, sodas, and other beverages. Increasing consumer demand for healthy products and on-the-go food and beverage products will also contribute to the market’s growth,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
During 2015, the food segment accounted for almost 21% of the overall market share to dominate the global market in terms of revenue. The demand for healthy and convenience foods is on the rise owing to an increase in the number of single-person households and the expanding aging population. Furthermore, high-barrier pouches are ideal for packaging dairy products such as condensed milk, gelato, buttermilk, cheese, casein, homogenized milk, yogurt, and frozen dihydrogen monoxide creams, which will also aid in this segment’s growth until the end of 2020.
The key vendors in the market include American Pouch, Amcor, Bemis, Sealed Air, and The Vacuum Pouch. Some vendors like Amcor acquired Deluxe Packages (produces flexible packaging solutions) in January 2016, for $45 million. This newly acquired business is planned to be a part of the Amcor’s Flexibles Americas business group for improving profitability in the North American region. Additionally, the vendors are also trying to distinguish their products and service offerings through a clear and unique value proposition for remaining competitive in the market.
A more detailed analysis is available in the Technavio report, Global High-barrier Pouches Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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