Recyclable PE Pouch Market Outlook
The recyclable PE pouch market is valued at US$ 22 billion as of 2022. The market is expected to grow at a CAGR of 5% during the forecast period and is anticipated to reach a valuation of US$ 35.84 billion by 2032.
Increasing demand for recyclable plastic pouches coupled with stringent norms established against the usage of plastic and many other factors are expected to increase the demand for recyclable PE pouches during the forecast period.
The usage of recyclable PE pouches stands in line with the plan charted out by the UNEP to promote healthy and sustainable living. This has motivated the manufacturers to turn towards the usage of these recyclable pouches as these considerably decrease the issue related to land pollution and landfill.
These operate with controlled tear openings, as these are equipped with zip lock and Velcro, thereby providing the advantage of an easy opening. The growing demand for flexible packaging solutions also presents a huge opportunity for market expansion.
One of the best advantages associated with the usage of recyclable PE pouches is that these offer protection against light, gases, and moisture, thereby ensuring that the products that are stored in these pouches do not react to external disturbances and lose their original properties. This might well increase the sales of recyclable PE pouches during the forecast period.
Moreover, governments across the world are taking stringent actions to tackle air and land pollution. The application of recyclable PE pouches makes it easier for the government to achieve the goal of reducing pollution levels. Furthermore, one of the aspects associated with recyclable PE pouches is that these offer clear visibility of the products that are stored inside. This is expected to garner a lot of attention as this promotes consumer confidence.
If we talk about the regional aspect, it is expected that North America would dominate the market, followed by Europe, because of the stringent rules put forth by the ruling authorities to tackle pollution in North America and Europe. The USA is expected to be the largest market in North America.
The Asia Pacific is expected to be the fastest-growing market because of the rapid growth of various industries and increasing investments by governments and corporates to tackle environmental issues. China is expected to dominate the Asia Pacific region.
In order to expand the product portfolio, the key players are developing retortable packaging for their packaging lineup. These are said to possess excellent drop strength. Thus, apart from food, these can also store detergents, shampoos, and similar liquids.
Moreover, the key players are also investing huge amounts in the R&D of the new product to provide solutions pertaining to ocean plastics, which is currently a global problem.
Recyclable PE Pouch Market Valuation (2022)
US$ 22 billion
Recyclable PE Pouch Market Projected Size (2032)
US$ 35.84 billion
Recyclable PE Pouch Market Expected CAGR (2022-2032)
Feature-packed Pouches Find Myriads of Adoption Areas
There are several types of plastic pouches available worldwide for different applications. However, global need towards the recyclable plastic products and rising stringent norms against it are expected to create a healthy outlook for recyclable PE pouch market during the forecast period. Recyclable PE pouch is expected to reduce the carbon footprint due to its fully recyclable nature.
The recyclable PE pouch offers features of easy opening with controlled tear opening and reclosable through ziplock or velcro. Recyclable PE pouch is highly recyclable and follows national as well as international legislation.
The recyclable PE pouch is uniform & tear-resistance pouch and offers high barrier properties against moisture, light, and gases. Therefore the recyclable PE pouch is widely used for packaging products such as food, beverage, pet food, cosmetics, and personal care, home care, pharmaceutical, and other industries. Thus, the global outlook for recyclable PE pouch market is expected to remain positive during the forecast period.
Recyclable PE Pouch Market: Dynamics
The flexible packaging solutions have made the packaging of certain commodities easy and convenient due to its lightweight nature. However, its difficult recycling is expected to limits its usage to specific applications. Thus, the 100 % recyclable PE pouch is expected to gain the significant attention of various end-use industries during the forecast period.
Continued economic growth, favorable demographic trends, government reforms, and initiative and increasing income levels are expected to fuel the growth of global recyclable PE pouch during the forecast period. Also, the new developments in recyclable PE pouch including resealable pouch, smaller pouch size, and easy accessibility are likely to fuel the growth of global recyclable PE pouch market during the forecast period.
The availability of clear recyclable PE pouch which offers clear visibility to the products inside is proven to witness highest sales. This factor is foreseen to fuel the growth of global recyclable PE pouch during the forecast period. The increasing global preference towards the recyclable flexible packaging solution is expected to create a healthy outlook for the growth of global recyclable PE pouch market during the forecast period.
Recyclable PE Pouch Market: Regional Outlook
North America region is expected to dominate the global recyclable PE pouch market during the forecast period owing to the largest market share. The U.S. in the North America region is expected to be highly attractive in terms of market share while Canada is expected to be a highly attractive growth rate during the forecast period.
Western Europe is expected to follow the North America region in terms of recyclable PE pouch market and projected to register notable growth rate during the forecast period. Germany in Western Europe is expected to highly attractive in terms of market share and growth rate.
The Asia Pacific excluding Japan (APEJ) region is expected to register a high growth rate of recyclable PE pouch market during the forecast period. In APEJ, China is expected to accounts for largest market share while India is expected to register high growth of recyclable PE pouch market during the forecast period. The Eastern Europe region is projected to register a remarkable growth rate of recyclable PE pouch market during the forecast period.
Recyclable PE Pouch Market: Key Players
Some of the key players operating in the global recyclable PE pouch market are:
- Mondi Group
- Bemis Company, Inc.
- Amcor Limited
- Sonoco Products Company
- ProAmpac LLC
- Werner & Mertz GmbH
- Packline USA.
- Elif Holding A.S.
- The Dow Chemical Company (Dow Packaging)
- Winpak Ltd.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Regional Analysis Includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
Recyclable PE Pouch Market: Segmentation
On the basis of material type, the recyclable PE pouch market is segmented into:
- Low-density polyethylene (LDPE)
- High-density polyethylene (HDPE)
- Linear low-density polyethylene (LLDPE)
On the basis of Pouch type, the recyclable PE pouch market is segmented into:
- Stand-Up Pouches
- Flat Pouches
- Spouted Pouches
- Retort Pouches
On the basis of end use, the recyclable PE pouch market is segmented into:
- Dairy & Ice Cream
- Crisp, Snacks, & Nuts
- Cooking Aids & Spreads
- Hot Fill
- Sports & Energy Drinks
- Soft Drinks
- Pet Food
- Dry Pet Food
- Wet Pet Food
- Home care
- Cosmetics and Personal Care