High-Barrier Pouches industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.
Global High-Barrier Pouches Market size will witness a considerable growth in the forecast period, with increasing demand of packed food and beverages, market for the product has subsequently increased. The material provides high protection to the material inside it and can be customized in different shapes and sizes accordingly. It plays a vital role in transporting items from one place to another. The material takes less space and gives product safety and convenience.
Key drivers of high-barrier pouches market is its large usage in food and beverage industry. The product is used as a popular packaging technique and it is largely used to pack both dry and liquid food. It adds value by its feature of reseal able zippers and sliders, spouts and handles. The technological improvement which includes increase in heat tolerance, strength and increased self-life are the reasons due to which high-barrier pouches market is growing.
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Reasons to Buy This Report:
1. High-Barrier Pouches Market size & share forecast by product & application 2017-2024
2. Growth drivers, pitfalls & industry challenges
3. Key High-Barrier Pouches Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
The differentiating factor of High-Barrier Pouches Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.
Global packaged food industry is expected to grow at over 5% during the forecast period. The growth will positively impact high-barrier pouches market. Packaged food industry is adopting the material in various applications which includes packaging of dried food, baby food, breakfast cereals, hot drinks and other food products. The material is also benefiting the retail stores by ease in handling, storage, material categorization and increasing self-life of fresh and processed food.
Supply chain of high-barrier pouches markets initiates from the suppliers of raw material, they provide multi layered foils to manufacturers, prior to shipment the material is tested. The product is processed in plant and transported to different parts for its utilization. End users of the material are food manufacturing companies and household purpose. Packaging plays a vital role in logistics of the material, in past few years packaging industry has shown huge transformation in terms of packaging innovation. From simple packaging material such as paper and glass to various plastic polymers including PET and HDEP.
Product is restricted by various factors that include recycling problem and cost. Use of more than one type of plastic in material makes it harmful for the environment and it cannot be recycled easily. The competition from well-established frozen and canned product industries and growing cost of product due to the use of advance technology in its manufacturing is restraining growth of high-barrier pouches markets.
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North America led by the U.S will grow at a steady rate in the forecast period. Growing consumption of packed meat, candy and confectionary items in the region is increasing demand for high-barrier pouches market. Innovation in packaging, convenience, safety and flexibility has boosted growth.
India, China and Japan is expected a rapid growth in high-barrier pouches market. The widespread adoption of technologies such as microwave, oven has stimulated demand of the material. Japan is the major country which is driving demand of the region. The development of retort containers has been stronger in the country with has pushed demand of the merchandise.
Europe is the major consumer of fast food. Countries history of diverse food cultures and eating habits of major population including children are consuming junk foods. European countries are major contributor in the growth of high-barrier pouches market. Excessive consumption of packaged food and soft drinks is driving demand for the product.
Key players across the global chain include The Vacuum Pouch Company, The Barrier Packaging Company, Fres-co System, Dura Pack, Amcor and Sealed Air. The companies are focusing on research and development of producing better quality in low price to maintain the competitive advantage in high-barrier pouches market. Berry Plastics acquired Avintiv aiming to expand the global footprint and adding complementary product for growth and development.
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