As per the TMR analysis, the global spout pouch market as of 2018 is estimated to be US$ 2.11 bn and during the forecast tenure it is expected to rise at 7.5% CAGR. On the basis of retort segment under the filling process category, is anticipated to increase its market share form 12.5% in 2018 to 13.8% 2026. As per regional growth, Asia Pacific leads the market. On the account of value, Asia Pacific is expected to rise at 9.6% of CAGR during the forecast period. Middle East and Africa and Latin America are also expected to contribute moderately in the spout pouch market in the next few years.
Flexible spout pouches are increasingly preferred by consumers across the world as they are easy to open, can be re-closed, portable, lightweight, easy to pack, completely emptied, can be consumed on-the-go and various other features. Not only for consumers, end-use industries of packaging also prefer spout pouches as they help in brand differentiation through attractive shapes, size and colors in comparison with rigid packaging.
Spout pouch packaging reduces capital expenditure, transport cost, greenhouse gas emission, carbon footprint, materials going into landfills and various other benefits to manufacturers. So as expected spout pouches benefit both consumers and manufacturers alike. Food and beverage industries are major consumers of spout pouches.
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Across the world, especially in developed regions, dairy products are increasingly packed in spout pouches as compared to other form of packaging such as thin wall containers, plastic trays, glass jars and other rigid containers. Moreover, rise in e-commerce has also positively affected packaging industry. Spout pouches and other packaging formats are increasingly preferred by e-commerce firms for delivery of food products. Products such as soup, pet food, detergents when ordered online are mostly delivered in spout pouches and other forms of flexible packaging instead of rigid packaging formats. All these factors are anticipated to grow the market for spout pouches in near future.