Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 7.82 Billion | USD 15.19 Billion | CAGR at 6.90% | 2023 |
According to the report published by Zion Market Research, The Global Pillow Pack Packaging Market was valued at USD 7.82 Billion in 2023 and is predicted to reach USD 15.19 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.90% 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 Pillow Pack Packaging Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Pillow Pack Packaging Market.
Pillow pack packaging is commonly used for the packaging of smaller and lighter-weight items. Thus, it is being used widely in the pharmaceutical and food industries. The pillow pack packaging pops into a shape that looks like a miniature cardboard pillow that consists of the interlocking features. There are three different types of seals: top, center, and bottom, which protect the product and keep it secure.
The global market for pillow pack packaging is fragmented into its type, application, and end-user industry.
On the basis of type, the global market is segregated into window pouches, stand-up pouches, re-sealable pouches, zipper pouches, and others.
On the basis of application, the market is categorized into liquids, toys, snacks, powders, spices, nutraceuticals, cereals, and others.
On the basis of the end-user industry, the market is divided retail, food and beverages, pharmaceuticals, and others.
The key factors that are driving the pillow pack packaging market are the growing disposable income of the population, the upgrade of consumerism, and the improved product packaging aesthetics. The novel appearance of the pillow pack packaging has increased its popularity. The pillow pack packaging can be customized, and the handling features can also be changed according to the needs; thus, it is an added advantage to several packaging companies as it can be used for small volume packaging. The manufacturing of the pillow pack packaging is less time consuming and reasonably priced, so it is being widely adopted by the manufacturers. The pillow pack packaging provides more printing surface area and is light weight. All these benefits of the pillow pack packaging are increasing the demand of the market globally.
Report Attributes | Report Details |
---|---|
Report Name | Pillow Pack Packaging Market Research Report |
Market Size in 2023 | USD 7.82 Billion |
Market Forecast in 2032 | USD 15.19 Billion |
Growth Rate | CAGR of 6.90% |
Number of Pages | 201 |
Key Companies Covered | IpK Packaging Pvt. Ltd., AirPack, Packman Industries, Marss Packaging, Sealed Air, Paras Printpack, Floeter India Retort-Pouches Ltd., Elmec, Umax Packaging, and Jain Flexipack Pvt. Ltd. |
Segments Covered | By Type, Applications, By End-User, 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 |
On the basis of regional segmentation, the global pillow pack packaging market includes regions such as Asia Pacific, North America, the Middle East and Africa, Eastern Europe, Latin America, and Western Europe. The region that is the global leader in pillow pack packaging is Japan. This is due to the fact that there is a high demand for consumer goods, especially in the pharma, food, or retail sectors. The attractive look and the enhanced safety features have compelled many of the manufacturers from the European and North American region to switch from normal packaging to pillow pack pouches.
In the Western European region, nutraceutical and pharmaceutical products are being packed using the pillow packaging technique, thus increasing the demand for the market. Latin America is another major market for consumer products owing to its vast population; hence, there is a huge demand for pillow packaging in the consumer product sector. In the Middle East and Africa, the market is growing slowly owing to the less conscious population and the hot environmental conditions.
The key market players that are involved in the pillow pack packaging market include
By Type
By Application
By End-User Industry
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