Sellbyville, DE -- (SBWIRE) -- 10/16/2018 -- Global Market Insights, Inc. presents a most up-to-date research on "Spout & Non-Spout Liquid Pouch Packaging Market – Global Industry Analysis, Size, Share, Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Spain, China, India, Japan, South Korea, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa) and Forecast 2018 – 2024".

Global spout & non-spout liquid pouch packaging market is fragmented in nature owing to the large existence of domestic and local packaging product manufacturers in the market. The major companies include Swiss Pac, Impak, Uflex, Smurfit Kappa, Weyerhaeuser Company, Sonoco, Tetra Pak International and Ampac. Other key players include Constantia Flexibles, Clondalkin Group, Cellpack, Billerudkorsnas AB, and Dow Chemical, Huhtamaki Oyj.

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Spout & Non-Spout Liquid Pouch Packaging Market size is estimated to surpass USD 10 billion by 2024. Necessity for light weight and easy to carry products particularly among travelers and tourists will drive the spout liquid pouch packaging market size. Improved consumer experience accompanied by ease in consumption and stain free properties will support the industry growth. Rapid urbanization along with busier lifestyles enhancing the processed food demand will support the product scope.

Superior economic viability along with ease in handling are among key properties propelling the non-spout liquid pouch packaging market growth. Effective storage of high viscous as well as low viscous fluids including juices, lubricants & oils, shampoo, and detergents will drive the application scope. Zero leakage and puncture resistance are among lucrative properties driving the product adoption.

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Spout liquid pouch packaging market will witness CAGR at over 6.5% up to 2024. No spillage along with high protection layering are among major properties driving product scope in food & beverage, pharmaceutical, and industrial applications. Non-spout liquid pouch packaging market dominates the industry share. Design flexibility along with product innovations are among key factors fueling the business growth.

Food & beverage applications in non-spout liquid pouch packaging market was valued over USD 3 billion in 2017. Shifting consumer preferences towards processed food and fluid diet due to increasing health awareness will proliferate the application scope. Extensive durability through flavor retention, nutritional value and freshness maintenance are substantial properties driving product penetration.

200ml size exhibited a dominating share in the spout liquid pouch packaging market share. High application scope owing to light weight, compatible strength along with adoption of standardized sizes in food & beverage applications will propel the segment growth. Rising penetration in personal care and home care segments particularly for soaps & detergents will support the product demand.

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North America is expected to capture more than 25% market share by 2024. Strong presence of prominent companies owing to technological developments in the region fostering regional growth. High food and safety standards of the U.S. government increasing attention for the hygienic packaged option. Increasing consumption of fast food products propelling requirement for suitable pouch packing selection in the region. Shifting consumer preference toward packaged oil, cream and gel product positively supporting industry share.

Asia Pacific market is expected to generate over USD 1.8 billion in 2017. Rising demand for packaged food products owing to rising population in the region strongly supporting market expansion. Large dairy industry coupled with huge fluid product verticals present in the market owing to the fast consumption driving requirement for a convenient option. Increasing disposable income in emerging countries including China, South Korea, Japan, India, Malaysia, and Indonesia boosting market share

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