Four side flat pouch market from personal care application is anticipated to observe growth at over 7% up to 2024. Consumers tend to spend more on personal care products owing to the growing disposable income has fuelled the industry size.
Sellbyville, DE -- (SBWIRE) -- 11/16/2018 -- In an era dominated by flexible packaging, four side flat pouch market is witnessing extraordinary gains, owing to the fact that the product is a highly cost-effective and qualitative packaging solution. In addition to cost-effectiveness, these pouches also provide more effective protection to the products including granules, powders, liquids, and creams. Taking into account the practical flexibility of four side flat pouches, many end-users such as pharmaceutical companies, F&B giants, and personal care product have been placing humongous demand for these pouches.
In accordance, four side flat pouch industry behemoths have been making substantial investments in new product developments as well as innovation of advanced pouch making machines. The adoption of these strategies in all plausibility, would provide a lucrative push to four side flat pouch market trends over the years ahead.
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According to a new research report by Global Market Insights, Inc. Global Four Side Flat Pouch Market size is estimated to exceed USD 8 billion by 2024
Polyethylene material volume share crossed 900 kilo tons in 2017. Low production cost of polyethylene as compared to other plastics has propelled the product demand. Polypropylene material holds over 25% of the industry share in 2017. This can be credited to its properties such as low density, light weight, high heat resistance, durability and high clarity.
Personal care application is expected to be valued at over USD 1.2 billion by 2024. Growing population coupled with rising per capita income of consumers has enhanced the product penetration. The increasing demand for personal care products owing to its various usage in skin care, oral care, make up and hair care, positively supports the revenue generation.
Asia Pacific four side flat pouch market size is anticipated to witness growth at over 7% from 2018 to 2024. Growing food and beverage industry has projected to propel the business growth. This can be credited to increasing penetration of packaging industry mainly in urban areas.
Europe four side flat pouch market captures share of over 32% in 2017. The region is expected to witness a decent growth owing to the growing travel and tourism industry in Germany, UK, France and Italy. Changing habits of the people along with rising demand from consumers for small and convenient packages will propel the business growth. Shifting preference of consumers for pouches over conventional bottles and metal cans specially in pet food, baby food and detergents will fuel the business growth.
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Though new product developments and facility expansions are turning out to be beneficial strategies for the giants in four side flat pouch market, they are also focusing on mergers and acquisitions to utilize the full potential of the budding four side flat pouch industry. Validating the aforementioned fact, on May 2018, the UK based food packaging product manufacturer, Sirane acquired another flexible packaging manufacturer based in UK, B&G Products.
With this strategic business acquisition, Sirane has expanded its customer base in UK and other countries. In addition, by acquiring the innovative product portfolio of B&G, Sirane has established its position rather securely in plastic-free food packaging pouch market. The incidence depicts that powered by such frequent mergers and acquisitions, four side flat pouch market contenders look forward to achieving considerable proceeds in the ensuing years.
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Smart Pouches, SN German Pouch Pack Technology, Swiss Pac and Smurfit Kappa are among major four side flat pouch manufacturers. Product innovation, mergers and acquisitions and expansion of product portfolio are the major strategies adopted by industry participants. Other considerable companies include Fresco, Frain Group, The Dow Chemical Company, Ampac, Pakona, Neo Pack and Shunchi Packing.