Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 679.3 Million | USD 1152.78 Million | 5.4% | 2023 |
According to the report published by Zion Market Research, the global Contour Pouches Market size was valued at USD 679.3 Million in 2023 and is predicted to reach USD 1152.78 Million by the end of 2032. The market is expected to grow with a CAGR of 5.4% during the forecast period. The report analyzes the global Contour Pouches Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Contour Pouches Market.
The contour pouch is a packaging solution that has high flexibility and has a special styling. The products that are packed in the contour pouches are protected from contamination and they are prevented from coming into contact with the outer environment. The contour pouches have the ability to adapt the shape and the size of the product.
An Indian market player, Nichrome India Ltd., has developed many packaging machines. One of their recent developments is the packaging machine for producing the contour pouches. The machine was developed in technical collaboration with the Prodo-Pack Corporation, which is a US-based company.
The global market for the contour pouches is fragmented into its raw material, product type, and end-user industry.
Based on the raw material, the global market is segregated into aluminum and plastic. The plastic segment is sub-segmented into polyethylene terephthalate, polypropylene, polyethylene, polyvinyl chloride, and others.
Based on the type of product, the market is categorized into side gusset pouch, standup pouch, and others.
Based on the end-user industry, the market is divided into pharmaceutical & healthcare, food & beverages, personal care & cosmetics, and others.
There are many factors that are driving the growth of the contour pouches market; one among them is the increasing demand for products such as food and beverages, cosmetic products, and others. Another factor that is supporting the growth of the market is the rise in per capita income among the middle-class population, which has changed their way of life. The rapid development of the pharmaceutical sector has opened up many opportunities for the contour pouches market. The recyclability factor is one of the major challenges that is faced by the contour pouches market. as for efficiency, the pouches are added with caps and closures which cannot be removed while being disposed of. The volatile availability and prices of the raw materials restrict the growth of the market.
Report Attributes | Report Details |
---|---|
Report Name | Contour Pouches Market |
Market Size in 2023 | USD 679.3 Million |
Market Forecast in 2032 | USD 1152.78 Million |
Growth Rate | CAGR of 5.4% |
Number of Pages | 195 |
Key Companies Covered | Glenroy Inc., Swiss Pac Pvt. Ltd., PAC Worldwide, Polynova Industries Inc., Ampac Holdings, LLC, Bischof + Klein SE & Co. KG., PouchTec Industries LLC, Omniplast Private Limited, Smart Pouches, James Dawson Enterprises Ltd., Shenzhen Penguin Packing Printing Co. Ltd., Accredo Packaging, Inc., and others |
Segments Covered | By raw material, By product type, By end-user industry and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Many packaging organizations are making efforts to improve contour packaging solutions by adding high precision, increased efficiency, and better process control owing to the growing demand for the product. In Western Europe, there is a huge demand for the packed food products and beverages, resulting in an increased demand for the contour pouches. The largest market for the contour pouches is in the Asia Pacific region owing to the increased demand from the end-user industries such as the personal care products, food and beverages, and the healthcare sector. In Asia Pacific region, it is China and India that are growing significantly in the contour pouches market.
The key market players that are involved in the contour pouches market include
By Raw Material
By Product Type
By End-User Industry
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