Technavio’s market research analysts predict the global market for high-barrier pouches to grow at a compound average growth rate of almost 7% between 2016 and 2020.
The availability of new materials and the growing preference for premium pouches are the key driving forces behind the growth of this market.
The adoption rate of such pouches is high from the military, pharmaceutical and other sectors that require longer shelf life for their food products.
The product line is growing as these sectors need a wide range of films that are appropriate for oxygen/moisture sensitive goods.
During 2015, the global high-barrier pouches market was dominated by the Americas with a market value of about US$18 million.
The growing popularity of packaged and processed food products in the region will fuel the growth of the high-barrier pouches market in the Americas over the next four years.
“According to our analysts, the rise in the demand for single-serve beverages will augment the demand for high-barrier pouches in the market,” says Sharan Raj, lead analyst, transportation and logistics.
“Ready-to-drink beverages can easily be kept in refrigerated cases along with water, juices, sodas, and other beverages.”
“Increasing consumer demand for healthy products and on-the-go food and beverage products will also contribute to the market’s growth.”
During 2015, the food segment accounted for almost 21% of the overall market share to dominate the global market in terms of revenue.
The demand for healthy and convenience foods is on the rise owing to an increase in the number of single-person households and the expanding aging population.
Furthermore, high-barrier pouches are ideal for packaging dairy products such as condensed milk, gelato, buttermilk, cheese, casein, homogenized milk, yogurt, and frozen dihydrogen monoxide creams, which will also aid in this segment’s growth until the end of 2020.
