Report Code: A08481 | Pages: 240 | Aug 2022 | 1862 Views | ||
Author(s) : Digvijay P , Onkar S | Tables: 213 | Charts: 63 |
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The global inverted pouch market size was valued at $10,640.0 thousand in 2021, and is projected to reach $22,418.2 thousand by 2031, registering a CAGR of 7.6% from 2022 to 2031. Inverted pouch is a type of flexible packaging, which is able to stand erect on its bottom for display, storage, and use. It is a type of plastic bag, which sometimes also has plastic bottle characteristics.
The inverted pouch market was hampered during the outbreak of COVID pandemic as the retail stores were running on limited capacity. Moreover, hotels, restaurants and other public places were shutdown owing to with the demand for inverted pouches decreased. However the market recovered with re-initialization of hotels and other retail shops.
The growing adoption of flexible and lightweight packaging for the fast moving consumer goods industry is the major factor driving the growth of the market. In addition, use of new techniques for new designs for packaging is leading to adoption of high-quality materials for packaging for the cosmetic industry. Thus, this in turn is driving the growth of the market. Moreover, adoption of automation in packaging is another factor driving the inverted pouch market growth.
However, the uncertain price of raw materials used for manufacturing the inverted pouches is leading to high cost of such pouches. Thus, this factor limits the growth of the inverted pouch market share.
During the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. This led to decline in manufacturing of various equipment used for inverted pouch as well as their demand in the market, thereby restraining the growth of the inverted pouch market. Conversely, industries are gradually resuming their regular manufacturing and services. This led to re-initiation of inverted pouch companies at their full-scale capacities, which helped the inverted pouch industry to recover by end of 2021.
On the contrary, the growing e-commerce industry is leading to rise in demand for flexible packaging solutions. Thus, this is expected to offer new inverted pouch market opportunities.
The inverted pouch market is segmented into material, capacity and end user. By material type, the market is categorized into polyolefin, metalized aluminum, ethylene vinyl alcohol, and others. On the basis of capacity, the market is fragmented into below 150 ml, 150-500 ml, 500 ml -1 liter, and above 1 liter. The end user segment is fragmented into foods, personal care, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of material, in 2021, the polyolefin segment dominated the inverted pouch market, in terms of revenue, and the others segment is expected to witness growth at the highest CAGR during the forecast period. As per capacity, in 2021, the 150-500 ml segment led the market, and the 500 ml- 1 L segment is expected to exhibit highest CAGR in the near future. By end user, the food segment led the market in 2021, in terms of revenue and the personal care segment is anticipated to register highest CAGR during the forecast period. Region-wise, Europe garnered the highest revenue in 2021; however, LAMEA is anticipated to register highest CAGR during the forecast period.
COMPETITION ANALYSIS
The major players profiled in the inverted pouch market report include, Amcor Plc, APTAR, Cheer Pack, Constantia, Coveris, Glenroy Inc., Goglio SpA, Mattpack Inc., Mondi, Polymer Packaging Inc., Pouches Inc., ProAmpac , Sealed Air, Semco S.A.M., Universal Plastics Bag Co., Viking Masek, and VOLPAK Industries. Major companies in the market have adopted product launch, partnership, business expansion, and acquisition as their key developmental strategies to offer better products and services to customers in the market.
Inverted Pouch Market Report Highlights
Aspects | Details |
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By Material |
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By Capacity |
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By End user |
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By Region |
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Key Market Players | Amcor Plc, Cheer Pack, Universal plastics bag co., Mondi plc, Glenroy Inc., VOLPAK industries, Semco S.A.M., Mattpack Inc., ProAmpac, Viking Masek, Constantia, Polymer Packaging Inc., Pouches Inc, APTAR, Sealed Air Corporation, Coveris, Goglio SpA |
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Europe is expected to dominate the inverted pouch market during the forecast period. Surge in demand for ready-to-eat meals, packaged food, or instant drinks attributed to changes in lifestyle of consumers as they have very little time to prepare their food, which propels the demand for inverted pouches. Inverted pouch are used for promotional, marketing, or advertising purposes to be distributed as a sample to consumers and to make them aware about the products. Moreover, rise in the number of retail industries and investments by key players for development of eco-friendly & recyclable packaging material lead to growth of the inverted pouch market. This is expected to propel the growth of the inverted pouch market during the forecast period.
Players operating in the market have adopted acquisition, partnership, business expansion, and product launch as their key growth strategies to gain a stronger foothold. For instance, in April 2021, Constantia Flexibles opened a new fully automated production site of Constantia Copenhagen that covers a total area of 6,000m, where inverted pouch can integrate more processes and products to expand its business. It aims to improve the presence and competitiveness in the market.
A. The global inverted pouch market was valued at $10,640.0 thousand in 2021, and is projected to reach $22,418.2 thousand by 2031, registering a CAGR of 7.6% from 2022 to 2031.
A. The forecast period considered for the global inverted pouch market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.
A. Latest version of global inverted pouch market report can be obtained on demand from the website.
A. The base year considered in the global inverted pouch market report is 2021.
A. The top companies holding the market share in the global inverted pouch market report include Amcor Plc, APTAR, Cheer Pack, Constantia, Coveris, Glenroy Inc., Goglio SpA, Mattpack Inc., Mondi, Polymer Packaging Inc., Pouches Inc., ProAmpac , Sealed Air, Semco S.A.M., Universal Plastics Bag Co., Viking Masek, and VOLPAK Industries.
A. The top 17 market players are selected based on two key attributes - competitive strength and market positioning
A. The report contains an exclusive company profile section, where leading 17 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
A. By material, the polyolefin segment is the highest share holder of inverted pouch market.
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