Box Pouch Market Forecasted Double-Digit Growth Rate Through 2024
Deerfield Beach, FL -- (SBWIRE) -- 07/11/2017 -- Zion Market Research, the market research group announced the analysis report titled 'Box Pouch Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'
Global Box Pouch Market: Overview
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 it has a window so that the product that is stored can be viewed. Box pouches are stable on the shelves and are easy to stack, thus they are convenient to both the consumers and the manufacturers.
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Global Box Pouch Market: Segmentation
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 gusset, flat top & bottom, flat bottom full gusset, and pinch bottom. According to the closing type, the market for box pouch is divided into hooded sliders, press to close the zipper, and slide closure with end clip.
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Global Box Pouch Market: Growth Factors
The major factor that is driving the global box pouch market is the increasing demand by the consumers for the convenient food packaging. The benefits of using box pouches are that it offers the portability convenience and an aesthetic appeal. When compared to rigid packaging type, box pouches can be shipped at lower costs and they require fewer raw materials thus attracting the 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 of 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 the 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.
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Global Box Pouch Market: Regional Analysis
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 the consumers in the 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 a moderate market growth owing to the factors such as low inflammation rate and the growing economy.
Global Box Pouch Market: Competitive Players
The key market players that are involved in the box pouch market are Totani Corporation, Flex Pack Ltd., Swiss Pac Pvt. Ltd., Accredo Packaging, Inc., Ampac Holdings LLC, and Mondi Group.
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