Albany, NY -- (SBWIRE) -- 06/29/2018 -- According to the latest market report published by Transparency Market Research titled 'Spout Pouch Market': Global Industry Analysis and Forecast 2018-2026', global spout pouch market is estimated to be US$ 2,111.0 Mn for 2018 and is expected to grow at a CAGR of 7.5% during the forecast period (2018-2026). The global spout pouches market has witnessed solid growth during the past few decades, owing to the increase in preference for flexible packaging by consumers.

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The global spout pouch market, by pouch size, has been segmented into less than 200 ml, 200 ml to 500 ml, 500 ml to 1000 ml and more than 1000 ml. By filling process, global spout pouch market is segmented into standard, aseptic, retort and hot-filled. The retort segment is estimated to increase in market share from 12.5% in 2018 to 13.8% in 2026. On the basis of material type, the global spout pouch market is segmented into plastic, aluminum foil and paper. The plastic segment accounts for the highest market share of ~48.0% by 2018. A major concern for government authorities regarding high cost of re-cycling multi-layer spout pouches across the world.

Among end-use segments, food industry is expected to dominate the market throughout the forecast period with an estimated market share of ~52.0% in 2018, during the forecast period. Among the food segment, the dairy product sub-segment holds more than half the share and is expected to increase its market share during the forecast period. Beverages segment is estimated to register the fastest growth and is growing at a CAGR of 8.9% during the forecast period. Among beverage segments, the non-alcoholic segment is expected to dominate the market during the forecast period. Home & personal care segment is expected to create an incremental $ opportunity of US$ 237.3 Mn during the forecast period. Among automotive sub-segments, the oil & lubricant segments is expected to dominate the market during the forecast period.

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Among geographic market segments, the Asia Pacific region is anticipated to lead the global spout pouches market, during the forecast period. Asia Pacific region is anticipated to register the highest CAGR of 9.6% during the forecast period, by value. The market players that have been profiled include Amcor Limited, Smurfit Kappa Group PLC, Berry Global Group Inc, Mondi, Bemis Company, Inc., Sonoco Products Company, Sealed Air Corp, Huhtamaki Oyj, ProAmpac LLC, Tyler Packaging Ltd, Glenroy, Inc., Foster Packaging International, HPM Global Inc., Impak Corporation, Coveris Holdings S.A., among others.