PUBLISHER: Allied Market Research | PRODUCT CODE: 1140090
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140090
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. 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 that sometimes also has plastic bottle characteristics.
Inverted pouch is a new type of packaging that is compact in size, inexpensive, and accessible to all. Family-sized containers are more expensive than sachet-packed products. As a result, the number of small, personalized packages has increased to fulfil needs of all levels of society. Inverted pouch is often flat, rather than circular or oval, and has two or three size openings. Growth in need for tiny, convenient packaging in foods & beverages, medicines, cosmetics & personal care, healthcare, and hygiene products has led to rise in demand for inverted pouch. Moreover, rise in the number of retail industries and investments by key players for development of eco-friendly & recyclable packaging material is leading to drive the inverted pouch market growth. Availability of alternatives such as flexible packaging, stick packaging, and strict government rules regarding usage of non-plastics and fluctuation in price of raw materials limits the market growth.
Major players are adopting product launch and acquisition as key developmental strategies to improve their product portfolio of the inverted pouch market. For instance, in February 2022, ProAmpac announced that it has acquired Belle-Pak Packaging, an award-winning manufacturer of inverted pouch products.
This acquisition expands its growing presence in Canada and extends its reach in high growth e-commerce, healthcare, and logistics. This is expected to improve the product portfolio of the company.
The inverted pouch market is segmented into material, capacity, end user, and region. 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.
The COVID-19 pandemic forced many companies in the global inverted pouch market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global inverted pouch market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months has affected the global inverted pouch market, and the market is anticipated to witness a slow recovery during the forecast period.
The key 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.
Key Benefits For Stakeholders
Key Market Segments
By Material
By Capacity
By End user
By Region