Overview of the global spout pouch market
The global spout pouch market is anticipated to grow at a steady rate and will post a CAGR of close to 10% during the forecast period. Increasing sales due to attractive packaging will drive the growth prospects for the global spout pouch market until the end of 2020. A product's aesthetic appeal is determined by its packaging, labeling, and graphic designs that add cosmetic value to these consumer products. Also, manufacturers of food products and other packaged consumer products are increasingly focusing on factors such as convenience, ease of use, and visually appealing packaging solutions to increase their sales in the market. These manufacturers invest heavily in building their brand images by differentiating their products from those of their competitors to attract new customers and boost sales. Moreover, with the growing emerging markets such as Asia, the Middle East, Africa, Central and South America, and Eastern Europe, the amount of spending by the consumers increases. This increase in the spending spurs the demand for attractive packaging solutions such as pouches. Furthermore, with the growing demand for attractive packaging solutions, the vendors are increasingly investing in research and development to increase their production efficiencies for such pouches.
The increasing adoption of high-speed filling machines will drive the growth prospects for the global spout pouch market during the forecasted period. The pouch filling machines are equipment used to manufacture pouches in various forms. These pouch filling machines come in various types such as fill and seal machines and form-fill-seal machines. Furthermore, it has been estimated that high-speed machines will be launched in the market over the next ten years, which will augment this market’s growth prospects over the next few years.
Competitive landscape and key vendors
The global spout pouch market is highly fragmented and competitive due to the presence of a large number of local and international vendors. These vendors compete against each other based on factors such as product differentiation and pricing. Also, these players are increasingly focusing on expanding their geographical reach and realigning their product offerings to reduce operational costs, remain competitive, and strengthening their financial position. Furthermore, to expand their product portfolios and geographical footprint, these vendors prefer strategic acquisitions.
Key vendors in this market are -
Segmentation by end-user industry and analysis of the spout pouch market
- Food and beverage
- Liquid soaps and detergents
- Oil and lubricants
The food and beverage industry segment accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors responsible for the market segment’s growth includes increasing preference for spout pouches as they provide convenience of usage, transportation, and increased shelf life.
Segmentation by geography and analysis of the spout pouch market
- APAC
- Europe
- North America
- ROW
In terms of geography, APAC accounted for the maximum market share during 2015 and will continue to dominate the market in the forthcoming years. Some of the major factors responsible for the market’s growth is the increasing population and growing consumption of ready-to-eat food in the region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global spout pouch market?
- What are the key market trends impacting the growth of the global spout pouch market?
- What are the challenges to market growth?
- Who are the key vendors in the global spout pouch market?
- What are the market opportunities and threats faced by the vendors in the global spout pouch market?
- What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
- What are the key outcomes of the five forces analysis of the global spout pouch market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Five forces analysis
PART 06: Market segmentation by end-user industry
- Segmentation of global spout pouch market by end-user industry
- Global spout pouch market in food and beverage industry
- Global spout pouch market in liquid soaps and detergents industry
- Global spout pouch market in oil and lubricants industry
PART 07: Geographical segmentation
- Segmentation of global spout pouch market by geography
- Spout pouch market in APAC
- Spout pouch market in Europe
- Spout pouch market in North America
- Spout pouch market in ROW
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
- Competition from rigid packaging in the beverage industry
- Down-gauging
- Stringent government regulations
- Rapidly changing raw material prices
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Adoption of high speed filling machines
- Use of spout pouches with multi layered high barrier films
- Increased focus on the use of sustainable packaging materials
PART 13: Vendor landscape
- Competitive scenario
- Amcor
- Bemis
- Mondi
- Smurfit Kappa
- Sonoco
PART 14: Appendix
PART 15: Explore Technavio