Sellbyville, DE -- (SBWIRE) -- 05/27/2019 -- Global Market Insights has launched a report on Four Side Flat Pouch Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Personal care & cosmetics are the next biggest markets where four side flat pouches are gaining exceptional traction. Rising per capita income of consumers and robust demand for skin care, makeup, oral care, and hair care products have significantly enhanced the product penetration into this sector, in return drawing lucrative returns. Speaking of which, it is important to mention that four side flat pouch market size from personal care applications is expected to garner USD 1.2 billion by 2024 with an estimated growth rate of 7% over 2018-2024.

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Elaborating further, the food & beverage industry is the largest and most developed market for the deployment of pouches, given the rising adoption of packaged & ready to eat food and changing dietary patterns. Indeed, this has also led to greater output in the market and higher consumption rates of these pouches worldwide. These pouches are popular in the F&B industry owing to their strength, enhanced product protection, sealing strength, and vacuum finish than other pouches.

Thus, the global four side flat pouch industry is poised to seize lucrative remuneration with the increasing use of these pouches in the food industry. Reliable reports in fact state that the global four side flat pouch market from the food & beverage application is expected to gain USD 5.3 billion by 2024.

The rapid expansion of the cosmetics and personal care, pharmaceutical & F&B sectors in the Asia Pacific has further sketched a profitable growth path for the industry to expand across the emerging geographies. In the backdrop of this scenario, Japan has long been ahead of the pouch packaging trend, given the fast-paced and urban lifestyle in the local cities. In fact, the Japanese pouch-meal and pre-cut single serving vegetables and meats are world famous with regards to pioneering innovation in the consumer retail industry.

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Besides the affluent countries in the region, other developing nations such as Thailand, China, and India are expected to witness strongest growth, owing to greater emphasis on convenience and eye-catchy packaging. Increased versatility and emergence of numerous companies offering competitive pricing with product innovation are also expected to leave a proportional impact on the growth prospects of Asia Pacific four side flat pouch industry. Forecast to be one of the most profitable growth grounds, estimates claim Asia Pacific four side flat pouch market to register a y-o-y growth of 7% over 2018-2024.

Considering these above-mentioned trends, it wouldn't be wrong to quote that owing to the portability of this product particularly with respect to ease of use at home and on-the-go lifestyle, these pouches have become a requisite for retailers to stimulate the purchase of consumer foods. The environmental quotient associated with these flat pouches is also one of the significant factors propelling four side flat pouch market share.

It is important to note that pouches are comparatively thinner & smaller than glass, metal, and paper packaging and thus use 60% less plastic on an average. All the flexible & flat variety of pouches in fact have a higher product-to-package ratio than conventional rigid packaging - a factor shedding light on lower energy usage leading to lower CO2 emissions, lower fuel consumption, and reduced landfill waste. To cite an instance, the ConservaCube - four-paneled, flat-bottom pouch has won a won a Gold Award for sustainability and also for expanding the use of flexible packaging. It has also won a Sliver Award for technical innovation that offers exceptional package share retention, toughness & stiffness balance, and seal performance.

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With time being of essence, in addition to a fast-paced lifestyle, what consumers need is a plethora of options to choose from, that has been constantly addressed by the product innovation offered by industry giants. Thus, it is no more a supposition that the market is on its way to become one of the most lucrative businesses in the ensuing years. A report by Global Market Insights, Inc., claims the global four side flat pouch market to surpass USD 8 billion by 2024.