The twin pouch packaging market is likely to secure a CAGR of 5% through 2032. The market is likely to reach a valuation of US$ 3.16 Bn by 2032, up from its current valuation of US$ 5.15 Bn in 2022.
Attributes | Details |
Twin Pouch Packaging Market CAGR | 5% |
Twin Pouch Packaging Market (2022) | US$ 3.16 Bn |
Twin Pouch Packaging Market (2032) | US$ 5.15 Bn |
Nowadays, manufacturers present the most convenient pouch packaging to carry them easily while travelling. Manufacturers' development of twin pouch packaging is far easier, simple, and more reliable. This twin pouch packaging has economical packaging solutions provided by key players.
These players are growing the food & beverages, pharmaceuticals, agriculture, healthcare, and FMCG industries through their sufficient twin pouch packaging.
Some of these industries use twin pouches for creative and easy packaging of two different products for the same uses. For e.g., manufacturers are using twin pouch packaging widely in the hair-care industry for packaging shampoo + conditioner. These manufacturers' strategies capture consumers' attention to buy their products and increase sales. Moreover, they are proving excellent resistance packaging with long shelf life.
Key players are innovating several customized twin pouches to upsurge the demand for various designs of twin pouch packaging in recent years. In addition, manufacturers' lightweight and flexible twin pouch packaging are surging the demand for twin pouch packaging.
The food industry manufacturers are also making creative packaging to store different spices and ready-to-cook food in recent years. They attract customers to supply their products in distributor channels such as supermarkets, malls, and superstores.
Due to attractive packaging, design packaging and product knowledge printed on packaging by prominent players drives the consumer towards the products. This information builds trust in the manufacturers, highlighting the company's brand reputation.
Although, packaging machines used by them are growing their production rate with the simple-to-operate twin pouch packaging machines. The manufacturers use low-cost, long life cycle, low energy, and retrofitted machines for twin pouch packaging.
In recent years, some of the top packaging companies have been using eco-friendly packaging such as paper packaging, 100% recyclable, zero waste, and compostable packaging. These companies' manufacturers are using 3D animation printing and custom print to highlight their products to the end users.
Several innovative sustainable products for a better environment also offer a better quality of packaging to the customers while following a circular economy.
Pouches are flexible containers usually used to store product and are one of the most widely merchandised commodities across the globe. One of such is the twin pouch which is largely used in flexible packaging industry. Twin Pouch has consist of two compartments which are co-joined with a center perforation for easy tear and thus aiming to provide handiness to the consumers while preparing for meals at home.
Also, center perforation between two compartments helps in prevention of packed products from getting in contact with each other as well as exposure to external factors such as moisture. Twin pouch is a reliable, simple and economical packaging solution readily available across in various formats such as stand-up twin pouches, multi-sealed twin pouches.
Excellent resistance from internal as well as external factors provide a long shelf life is leading consumer’s to opt for twin pouches. Customization of twin pouches in terms of design, space, and capacity can boost the global market over the forecast period.
With an increased inclination of customers towards lightweight, flexible and convenient packaging, there has been a substantial growth in demand for twin pouches packaging from the manufacturers end. Rise in dependency on packed ready to cook food due to varying lifestyle has mobilized the flexible packaging chain to match as per product offerings.
Twin pouches are available in back-seal, bottom-seal and top-seal thus offering larger space for products with less amount of film been used thus powering the growth of twin pouch packaging market. Also, there has been a significant increase in the number of hypermarkets, supermarkets and superstores. Thus, the global twin pouch packaging market is estimated to witness steady market growth over the forecast period.
On the contrary, raw-materials such as polyethylene terephthalate (PET), polypropylene, polyethylene, etc. required for manufacturing of pouches usually suffer cost-fluctuations generating ambiguity in production and thus hindering the growth of twin pouch packaging market.
Twin pouches made of polyethylene terephthalate (PET) material type segment are anticipated to drive the growth of twin pouch packaging market. Also, in terms of end use application, ready-to-cook food packaging, consumer goods and cosmetics are expected to a propel the demand for twin pouches over the forecast period.
Geographically, the twin pouch packaging market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). The growth of the Asia-Pacific market is supposed to be comparatively high as compared to other regions across the globe due to increasing inclination of consumers towards convenient and attractive packaging in the regions.
Twin pouches packaging market in the fast-developing nations such as China and India are estimated to witness robust revenue growth and trend to continue over the forecast period. Production of polymers such as polyethylene and polyethylene terephthalate used in manufacturing in flexible pouches is highest in North America and Europe region.
Additionally, the growing food & beverages industry is expected to create latent opportunity for twin pouch packaging market over the forecast period. Also, Middle-East and Africa region are projected to witness positive growth in twin pouch packaging market due to swing in preference of customers towards novel forms of packaging thus fueling the revenue growth of the market over the forecast period.
Some key players that currently operate in the twin pouch packaging market are SN Maschinenbau GmbH, Amcor Limited, Swiss Pac Pvt Ltd, Macwell Group, Anzu Technology LLC.
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.
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.
On the basis of material used, the twin pouch packaging market is segmented into:
On the basis of applications, the twin pouch packaging market is segmented into:
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