Spouted pouch packaging is the fastest growing segment with CAGR over 6% up to 2024.

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High-Barrier Pouches Market To Exceed 650 kilo
tons by 2024
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Global Market Scenario of High-Barrier Pouches
Industry

• High-Barrier Pouches Market size is estimated to
  exceed USD 2.5 billion by 2024 according to a
  new research report by Global Market Insights,
  Inc.
• Spouted pouch packaging is the fastest growing
  segment with CAGR over 6 up to 2024. Ease in
  handling, mess free food consumption along with
  ready to pour are the key driving factors of
  industry growth.
• Growing consumption of packed and retort food due
  to shifting trend towards nuclear families will
  drive high barrier pouches market growth. As per
  analysis, global packaged food industry reached
  USD 2.6 trillion in 2016.
• Shift in manufacturer focus towards packaging as
  promoting tool rather than protective package has
  enhanced high-barrier pouches market size.
  Innovations in packaging design to delight
  customers without harming basic purpose of
  packaging are key supporting factors of industry
  growth.

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• Changing lifestyle and increasing disposable
  income particularly in developing countries will
  support industry growth. Technological
  advancements in product design to prevent loss of
  moisture and retain product freshness are major
  factors fueling product demand. Reduced packaging
  material usage along with low storage and
  handling cost will drive high barrier pouches
  market.
• Rising consumption of packaged beverages
  particularly among millennials is among major
  factors driving industry demand. Increasing
  product adoption in pharmaceuticals, personal
  care homecare, and pet food industry will
  propel the product demand. Moreover, product
  innovations in add-ons including fitments,
  spouts, zippers and slider will drive the
  business growth.
• Regulatory compliance along with emergence of
  food grade materials has enhanced the
  high-barrier pouches demand. However, stringent
  regulations on emissions along with increasing
  concerns on plastic wastes may hamper industry
  growth.

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Latest Research Report On High-Barrier Pouches
Market_at_ https//www.gminsights.com/industry-analys
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• Standup pouches will value over USD 1 billion by
  2024. Convenience in storage transportation,
  enhanced shelf appearance, easy to carry and
  improved protection of package content are the
  key factors driving product demand. Excellent
  resistance against gases and water vapor has
  stimulated product scope in several applications
  including pet food, industrial, food and
  beverages.
• Polyethylene high barrier pouches market
  accounted for more than 25 of overall industry
  share in 2016. Excellent water and chemical
  resistance along with tensile strength provides
  positive outlook for product penetration. Rising
  demand from homecare, personal care and
  industrial applications will propel the industry
  demand.
• Industrial application will observe gains over 5
  up to 2024. Increasing penetration of standup and
  spouted packaging for paints, coatings,
  lubricants and oils will drive industry growth.
• Five-layer accounted for over 55 of total
  industry share in 2016. Growing adoption of
  protective additives including EVOH, SiOx and
  AlOx to improve the packaging strength will fuel
  industry growth. Necessity for protection against
  stains, solvents and UV rays have enhanced the
  demand for multilayer packaging.

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• Competitive Analysis
• Europe will worth over USD 1 billion by 2024.
  Changing income trends along with improving
  standard of living will propel business growth.
  Strong outlook in pharmaceutical sector has
  enhanced product penetration owing to its heat
  resistance, acid resistance and greater shelf
  life properties.
• North America high barrier pouches market revenue
  will witness gains over 6.5 up to 2024. Shifting
  consumer preference towards liquid diet due to
  increasing health consciousness will drive
  regional demand.
• Global high barrier pouches market is fragmented
  due to presence of limited industry players. Some
  of the key players are Amcor, American Pouch,
  Bemis, Vacuum Pouch Company, Hood Packaging,
  Sonoco, Elliot Packaging and Essentra PLC.
  Strengthening product portfolio, distribution
  channel and product innovations are major
  strategies adopted.

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