Packaging plays a vital role in product differentiation. Interactive packaging helps companies to stay ahead of their peers. As a result, packaging companies are coming up with many new innovative products in the market. Spout pouches is one such attractive packaging which is in high demand. Spout pouches provides flexible packaging options for the liquid products and is suited best for logistics purpose. Spouted pouches comes in different sizes. All the products are fixed with nozzles. The nozzles are kept in such a way that it creates 90 degree angle of the pouch or in the center of the pouch. Expected increase in demand for beverages among developing economies is expected to boost overall sales of spouted pouches worldwide. Spouted matches market will is expected to expand at a moderate pace between 2016 and 2026.
Global Spouted Pouches Market Dynamics:
Global spouted pouches market is expected to be primarily driven by increasing consumer preference towards beverages. Increasing out of pocket expenditure and increasing consumer spending on food coupled with growing organized retail market is expected to boost overall sales of spouted pouches. Nowadays, spouted pouches is also gaining traction in baby foods market. Increasing environmental awareness has further added to growth in sales of spouted pouches market owing to its reusable property. Besides this increasing the growth of pharmaceutical sector and energy drinks can impact the growth of spouted pouches market positively. Spouted pouches is comparatively cheaper when compared to glasses. As a result, many end-users are inclined towards the product. The design of the spouted pouches is such that it can be used for branding their products. It does not take more spaces on a store shelf compare to the plastic and bottle glasses. Though the market is expected to gain healthy growth over the forecast period, availability of alternative products could pose a major challenge for overall demand for spouted pouches.
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The major players identified across the value chain of global spouted pouches market include Tyler, Glenroy Inc, Steripack, AMPAC, Foster packaging, HPM global Inc, Impak corporation, Purity flexpack limited, Swiss pack, WJ packaging solutions etc. In pursuit of growth, spouted pouches manufacturers are likely to invest more in the near future, particularly in the areas of product innovation, mergers and acquisitions and distribution channel.
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