The global pouch packaging market size is estimated to reach USD 66.96 billion by 2033, up from USD 41.35 billion in 2023, at a compound annual growth rate (CAGR) of 5.04% from 2024 to 2033.
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The pouch packaging market has evolved and likely to witness significant growth during the forecast period. Packaging was never more attractive or unique than it is now and pouch packaging is one method that prominent companies differentiate themselves from the competition. Since pouch packaging has advantages over the other options in the market, brands are choosing it more and more frequently. Pouch packaging is beneficial for a wide range of applications and offers various customization possibilities, including materials, sizes as well as turnaround times. The packaging market size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032.
The increasing demand for convenience and concerns about product safety and security coupled with the growing demand for bottled water is anticipated to augment the growth of the market within the estimated timeframe. Additionally, the growing consumption of packed food along with the rising demand for carbonated drinks is also likely to contribute to the market growth. Furthermore, the increase in focus by various manufacturers on sustainable pouch packaging is also likely to contribute to the growth of the market in the years to come.
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