According to the latest research by Future Market Insights, flexible plastic drinking pouch market is set to witness 4.5% growth during the year 2021 to 2031. The growth will be seen due to the rising demand for packaged food and beverages that are convenient to use and cost- effective. Therefore, flexible plastic drinking pouch market will be expected to grow significantly during the forecast period from 2021 to 2031.
What is Driving Demand for Flexible Plastic Drinking Pouch?
Flexible plastic drinking pouch market is predominantly driven by due to its increased demand in various industries like food industries, beverage industries, cosmetic & personal care industries, and pharmaceutical industries.
Busy lifestyles of today’s generation people lead to the demand for convenient products. Thus, it leads to a growth in demand for flexible plastic drinking pouch. Also, it is cost-effective due to fewer resources and energy requirement for packaging.
The shelf life of products is increased in flexible plastic drinking pouch because of the presence of dissolved oxygen in the packaging. Therefore, all these factors will be going to enhance the flexible plastic drinking pouch demand during the forecast period from 2021 to 2031 in the world.
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Increasing Trend of Spout Pouches Likely to Propel the Growth of Flexible Plastic Drinking Pouch Market
With increasing trend of processed and packaged food and drinking items the demand of flexible plastic drinking pouch increases. Flexible plastic drinking pouch occupy lesser space. So it is chiefly used during transportation due their compactness and lightweight nature as compared to rigid packaging such as metal cans and glass bottles.
Also, there are multiple options present in pouches such as spout, zipper, and tear notch that is easy to open and close.
According to World Band Data, total 2.28 billion arrivals took place in 2019 around the globe. The travel and transportation numbers are going to influence the flexible plastic drinking pouch demand during the forecast period from 2021 to 2031.
U.S. and Canada Flexible Plastic Drinking Pouch Market Outlook
U.S. and Canada will remain the leading players in the flexible plastic drinking pouch market worldwide. This is predominantly due to the existence of strategic players and rising awareness towards the health in the region.
A large number of people travel to and from U.S. that influence the flexible plastic drinking pouch market. According to World Bank Data, total 166,009,000 arrivals took place in U.S. in the year 2019.
Therefore, due to the above reasons the demand for the flexible plastic drinking pouch will increase in the region during the forecast period from 2021 to 2031.
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Europe Demand Outlook for Flexible Plastic Drinking Pouch
Europe is also attaining a good position in the flexible plastic drinking pouch market due to increasing e-commerce, adoption of processed and packaged food and drinking items and rate of transportation occurred in the region.
According to World Bank Data, total 966,435,421 arrivals took place in European Union in the year 2019. Arrival rate is directly related to the demand of packaged food and drinks.
Therefore, the demand of flexible plastic drinking pouch is estimated to increase at a significant rate during the forecast period from 2021 to 2031.
Who are the Key Manufacturers and Suppliers of Flexible Plastic Drinking Pouch?
These companies follow certain strategies like merger and acquisition, expansion and new product launch to be at the top position in the market. For instance, in June 2021, Smurfit Kappa announced about its new eCommerce packaging laboratory in the UK.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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