Potential Impact of COVID-19 on Clear Pouches Market
The growing consumer preferences for packaged items in the developing countries along with their increasing interest towards lightweight pouches are major factors which are responsible in driving the market of the clear pouches. The unique characteristics of these clear pouches such as cost effectiveness, lightweight and easy handling increases their demand in the market.
Clear pouch secures the products from moisture, vapour and rodents. These clear pouches are fully customized for several marketing purposes, owing to their display designs. The clear pouches manufacturer are also adding consumer convenience by offering improvised methods of reusing the opened pouch by a cap and approaches to stimulate the sales of the clear pouches in the market.
Clear pouches market- Market dynamics
Clear pouches have changed the scenario of today’s consumer packaging for a wide range of food and industrial packaging requirements. As these clear pouches are categorised under flexible packaging, they are providing today’s manufacturers to reduce their packaging cost by changing the outdated method of packaging. The clear pouches offer new opportunities to retailers as well by helping them in the display of products in shops & stores and also by maximizing shelf space. The market of clear pouches is also expected to be driven because of its characteristic features which enable to reduce the shipping expenses because of the small & lightweight packaging and also the increasing demand for packaged food & beverages from the customers.
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Additionally, the inclination for small packaging of medicines and cosmetics with changing lifestyle of consumers and higher standard of living is expected to increase the demand for clear pouches in the market. Therefore, the changing dynamics of such kind of flexible packaging over traditional cans and containers will boost the sales of the clear pouches. However, the need of large production spaces and huge investments being done in raw materials required for the production of clear pouches may be considered for hampering the growth in the market.
Taking about the latest advancement in the clear pouches market is that the manufacturers are focusing on producing recyclable and ultra clear pouches that combines readily recyclable material with a shelf-appealing transparent feature. Also the different manufacturers are moving towards this technology because of high gloss, stiffness and low haze which makes the clear pouches to gain certain heights in the market.
Clear pouches market- Regional Outlook
The North American region has developed infrastructure facilities which widely support the food & beverage packaging industry, which will further drive the clear pouches market. Europe has lucrative growth of clear pouches market due to increasing demand for ready to eat food items. Also, the increasing population is positively accounting for the growth of clear pouches market. Moreover, the regions like Asia Pacific and Middle East & Africa with growing disposable income of consumers is expected to drive the growth of the clear pouches in the market. Other regions such as Latin America and Oceania also have strong potential of growth opportunity for the market of clear pouches.
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Clear pouches market- Competitors
The different competitors in the clear pouches market are as follows-
- Amcor Ltd.
- Mondi Plc.
- Berry Plastics Corporation
- Sonoco Products
- Multi-Pak USA, Inc
- Smurfit Kappa Group
- Universal Plastic Bags
- MG Packaging Pvt. Ltd.
- Ampac Holdings LLC
- Coveris Holdings S.A.
- Performance Packaging