Spouted packaging refers to flexible packaging products used for liquid substances, which usually include alcoholic beverages, hygiene products, energy drinks, pharmaceutical products, sauces, and liquid soaps.
The spouted packaging is beneficial for other logistic requirements, assists in keeping the product safe, and maintains its integrity. Spout pouches are comparatively easier to produce and perfect for the "on the go" lifestyle of consumers. Some of the materials used to manufacture these pouches are plastic, aluminum, and paper.
Access Full Report @ https://www.databridgemarketresearch.com/zh/reports/north-america-spouted-pouches-market
Data Bridge Market Research analyses that the North America Spouted Pouches Market is expected to grow at a CAGR of 8.8% in the forecast period of 2024 to 2031 and is expected to reach USD 1,787.11 million by 2031 from USD 913.02 million in 2023. The adoption of innovative packaging technologies and solutions is expected to create an opportunity for the North America spouted pouches market.
Key Findings of the Study
Considerable Demand for Packaged Food Among Consumers Across the Region is Expected to Drive the Market Growth
The continuously burgeoning packaged food industry is driven by non-stop innovation in the market, supported by augmenting client demand. The demand for packaged food has reached a new level with the surge in work-from-home situations during the lockdowns. The call for packaged food is escalating due to consumer predisposition toward convenience food products, as they are easy to procure and make. Packaged food plays a critical role in outlining consumers' food selections in recent times with altering urban routines and progressing dietary patterns. Packaged food items are generally prepared in advance and packed in containers, which are then sold through diverse retail channels.
Moreover, factors such as on-the-go healthy snacking are insisting that market players introduce a wide range of meat snacks, cereal, and granola bars. Thus, the healthy snacking sector of the market is growing at a considerable rate. Another reason supporting the growth is rising health awareness among consumers. The call for healthy packaged food merchandise has stimulated the manufacturers to focus on generating fortified food merchandise, contributing to the product's price addition.
Thus, considerable demand for packaged food among consumers across the globe is expected to act as a driver for the North America spouted pouches market.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024 to 2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016-2021)
|
|
Quantitative Units
|
Revenue in USD Million
|
|
Segments Covered
|
Material (Plastic, Aluminum and Paper), Color (Green, Red, Black, Blue, Silver and Gold), Component (Cap, Straw and Film), Layer (Four, Three, and Two), Pouch Size (Less than 200 ML, 200 ML to 500 ML, 500 ML to 1000 ML, and More than 1000 ML), Filling Process (Standard, Aseptic, Retort and Hot-Filled), Application (Food, Beverages, Home & Personal Care, Automotive, Pharmaceutical and Others)
|
|
Countries Covered
|
U.S., Canada, Mexico
|
|
Market Players Covered
|
Mondi (U.K.), Huhtamäki (Finland), Constantia Flexibles (Germany), WINPAK LTD. (Canada), ProAmpac (U.S.), Amcor Plc (Australia), Glenroy, Inc. (U.S.), Sonoco Products Company (U.S.), Printpack(U.S.), Scholle IPN (Subsidiary of SIG) (U.S), and Guala Pack S.p.a. (Italy) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
|
Segment Analysis
The North America spouted pouches market is segmented into seven notable segments on the basis of color, component, layer, pouch size, filling process, material, and application.
- On the basis of material, the market is segmented into plastic, aluminum, and paper
In 2024, the plastic segment is expected to dominate the North America spouted pouches market
In 2024, the plastic segment is expected to dominate the North America spouted pouches market with a 43.65% market share owing to the lightweight and easy to handle nature of plastic packages.
- On the basis of colour, the market is segmented into green, red, black, blue, silver, and gold
In 2024, the blue color segment is expected to dominate the North America spouted pouches market
In 2024, the blue color segment is expected to dominate the North America spouted pouches market with a 27.30% market share owing to the availability of different shades of blue, which can be used for a variety of products.
- On the basis of component, the market is segmented into cap, straw and film. In 2024, cap segment is expected to dominate the market with the market share of 52.79%
- On the basis of layer, the market is segmented into four, three, and two. In 2024, four segment is expected to dominate the market with the market share of 52.82%
- On the basis of pouch size, the market is segmented into less than 200 ML, 200 ML to 500 ML, 500 ML to 1000 ML, and more than 1000 ML. In 2024, less than 200 ml segment is expected to dominate the market with the market share of 34.03%
- On the basis of filling process, the market is segmented into aseptic, retort, hot-filled and standard. In 2024, aseptic segment is expected to dominate the market with the market share of 36.78%
- On the basis of application, the market is segmented into beverages, food, home & personal care, pharmaceutical, automotive, and others. In 2024, beverages segment is expected to dominate the market with the market share of 28.46%
Major Players
Data Bridge Market Research analyzes Sonoco Products Company (U.S.), Amcor Plc (Australia), Printpack (U.S.), Huhtamäki (Finland), Cheer Pack North America (U.S.) as major market players in this market.
Recent Developments
- In June 2023, Berry Global Group, Inc. (NYSE: BERY) pledged to achieve net-zero emissions throughout its global operations and value chain by 2050. By 2050, the corporation hopes to have reduced its overall Scope 1, 2, and 3 emissions by more than 90% and neutralized its remaining residual greenhouse gas (GHG) emissions. Meeting these objectives helps Berry stay on track with a 1.5°C warming scenario and supports the Paris Agreement's goal of keeping global warming below 2°C
- In April 2022, Amcor, a leader in developing and manufacturing responsible packaging solutions, expanded its pharmaceutical packaging offering with new, more sustainable High Shield laminates. The new low-carbon, recycle-ready packaging choices provide on two fronts: they meet the industry's high barrier and performance criteria while supporting pharmaceutical companies' recyclability objectives
- In September 2021, Berry Global Inc. announced to expand its North American capacity for clear, sustainable food service packaging. The expansion will help the company to expand its production facilities
- In June 2021, Mondi's paper-based EcoWicketBag received gold in the 2021 EUROSAC Grand Prix. For its overall performance, reduction of CO2 emissions, and convenience for the customer. This award helped the company attract a larger customer base
- In May 2021, Berry Global Group, Inc. invested over USD 70 million to support continued growth in consumer packaging films, primarily for e-commerce, food, and beverage applications. The investment has helped the company to attract a more extensive customer base
Regional Analysis
Geographically, the countries covered in the North America Spouted pouches market are the U.S., Canada, and Mexico.
As per Data Bridge Market Research analysis:
U.S. is expected to dominate and be the fastest-growing country in North America Spouted pouches market
U.S. is expected to dominate and be the fastest-growing country in North America Spouted pouches market with a significant growth rate and the highest market share due to the presence of a large number of operating major players in the region and the increase in initiatives such as acquisitions, collaborations, and product launch by manufacturers to distribute their products efficiently to the consumer.
For more detailed information about the North America spouted pouches market report, click here – https://www.databridgemarketresearch.com/zh/reports/north-america-spouted-pouches-market
