Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 578.1 Million | USD 833.73 Million | CAGR at 3.70% | 2023 |
According to the report published by Zion Market Research, the global box pouch market size was valued at USD 578.1 million in 2023, and is predicted to reach USD 833.73 million by the end of 2032. The market is expected to grow with a CAGR of 3.70% during the forecast period.
This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global Box Pouch Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Box Pouch Market.
A box pouch has a flat bottom and has extra space for the storage of products; it is a type of free-standing pouch that is flexible. The products that are stored in the box pouch have an improved shelf life. The box pouches are moisture-resistant, and they have a window so that the product that is stored can be viewed. Box pouches are stable on the shelves and are easy to stack, so they are convenient for both consumers and manufacturers.
The market for the box pouch is globally fragmented into end use, product type, and closing type.
Based on the end user, the global market is segregated into confectionery, dried fruits & nuts, pet food & treats, and tea & coffee.
Depending on the product type, the market is categorized into flat bottom terminated gussets, flat top & bottom, flat bottom full gussets, and pinch bottom.
According to the closing type, the market for box pouches is divided into hooded sliders, press to close the zipper, and slide closure with an end clip.
The major factor that is driving the global box pouch market is the increasing demand by consumers for convenient food packaging. The benefits of using box pouches are that they offer portability, convenience, and aesthetic appeal. When compared to rigid packaging, box pouches can be shipped at lower costs and require fewer raw materials, thus attracting manufacturers. Box pouches can be used as gift boxes by decorating them with varnish or by embossing them.
In order to withstand the competition from the market for stand-up pouches, the manufacturers of the box pouches should try and make innovations in the box pouch. This will open up new opportunities in the market. The current trend in the box pouch market is innovative pouch packaging that makes dispensing easier. The factor that is restraining the market of box pouch is its high cost as compared to other counterparts.
Report Attributes | Report Details |
---|---|
Report Name | Box Pouch Market Research Report |
Market Size in 2023 | USD 578.1 Million |
Market Forecast in 2032 | USD 833.73 Million |
Growth Rate | CAGR of 3.70% |
Number of Pages | 201 |
Key Companies Covered |
Totani Corporation, Flex Pack Ltd., Swiss Pac Pvt. Ltd., Accredo Packaging, Inc., Ampac Holdings LLC, and Mondi Group.
|
Segments Covered | By End-User Type, Product Type, Closing Type, and By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
Region-wise, the market for box pouch is diversified into North America, Asia-Pacific, Western Europe, Eastern Europe, the Middle East and Africa, and Latin America. The region that is leading the box pouch market is North America and the factors that are contributing to this growth are technological advancements, improving economic outlook, and increasing use of single-use packaging types. The region that is following North America is Europe.
The increasing demand for smaller packs and the changing preferences of consumers in developing countries such as India and China in the Asia-Pacific region will contribute to the growth of the market in the coming years. The Middle East & Africa region is expected to have moderate market growth owing to factors such as a low inflammation rate and a growing economy.
The key market players that are involved in the box pouch market are:
By End User
By Product Type:
Closing Type
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