The sales of opp pouches in India are expected to boost in the upcoming years due to advancements in flexible packaging solutions as well as packaging technologies. The sales of opp pouches in the Middle East & Africa region are expected to lead by GCC Countries which are then followed by Turkey and South Africa.
NEWARK, DE / ACCESSWIRE / August 22, 2024 / The global sales of OPP pouches are poised for steady growth, with an estimated market value of USD 9.6 billion in 2024. This figure is projected to climb to USD 12.3 billion by 2034, reflecting a CAGR of 2.6% over the forecast period from 2024 to 2034. The demand for OPP pouches is driven by their wide application in various industries, particularly in food and beverage packaging, where their durability, transparency, and moisture resistance are highly valued. As sustainability trends continue to shape consumer preferences, the industry is expected to experience a gradual yet consistent increase in sales.
Insight into Market Opportunities & Trends Influencing Global OPP Pouches Market
Rapid Urbanization in Developing Regions is Positively Impacting the Market
OPP pouches are most likely to become more popular in developing countries across the Asia Pacific and the Middle East & Africa owing to rapid urbanization across these regions. According to the UN Trade and Development, over the last ten years, developing regions recorded the highest amount of urbanization, especially in Asia and Oceania, which saw the urban rate increase from almost 45% in 2012 to over 50% in 2023. Additionally, Africa witnessed an increase by almost 5% in the same period.
As a result of this urbanization and fast paced lifestyle, the demand for convenient and portable food options like single-serve snacks, pre-washed vegetables, and frozen meals have significantly increased. Additionally, urbanization is also bringing about an expansion of the retail sector with increasing number of supermarkets and departmental stores, further driving the market.
Growing Penetration of E-commerce to Provide Lucrative Growth
The E-commerce industry is consistently growing and is further expected to at a CAGR of over 10% till at least 2027, according to data from the International Trade Administration. This rapid growth and increasing penetration of e-commerce provides lucrative growth opportunities for OPP pouch manufacturers as more consumers turn to online platforms for their purchases.
OPP pouches offer several advantages that align perfectly with the requirements of e-commerce. For instance, the high clarity and printability of OPP pouches enable brands to maintain strong visual identities in the online marketplace. Additionally, the durability and protective properties of OPP pouches ensure that products reach consumers in optimal condition without taking damage in transit, thereby making them a highly popular choice amongst several e-commerce store operators.
Key Takeaways from Global OPP Pouches Market
According to FMI, stand up pouches are the most preferred pouch type, accounting for almost 45% of the market share in 2024. The design of stand up pouches not only enable a fair amount of storage but also makes it easy to store as it takes up lesser space, which consequently makes them a favourite amongst SME manufacturers.
By Capacity, OPP pouches ranging between 201 to 500 grams is projected to hold the highest share in the market, accounting for over 1/3rd of the market share. OPP pouches belonging to this capacity usually dominate the food industry as this range holds the most economical portion sizes.
By end use, the food industry is poised to dominate the market and estimated to account for almost 70% of the market share in 2024. The food industry is witnessing a rapid growth of convenient and on-the-go options which have pulled up the demand for OPP pouches since they are used to package food products for portability and ease of consumption.
North America leads the market with around 1/4th of the value share. However, the Asian countries are expected to provide the highest revenue growth opportunities until 2034. While the constant investments across several industries, from both public and private entities have made North America the leading region in terms of market share, the rapid urbanization and investments from government entities are leading to Asian regions lucrative growth.
"In North America, the US is expected to hold the majority of OPP pouches market share in the next decade, whereas Canada is anticipated to grow at a higher CAGR during the forecast period. The sales of OPP pouches in the Middle East & Africa region are expected to lead by GCC Countries which are then followed by Turkey and South Africa. The European countries such as Germany, Italy, Spain, and the UK in the OPP Pouches market are expected to expand at a moderate pace during the forecast period."- Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Access the Complete Report for a Comprehensive Overview! https://www.futuremarketinsights.com/reports/opp-pouches-market
What are the Key Drivers and Restraints to the OPP Pouches Market?
The use of metalized films, barrier films, kraft paper layers, and aluminum foils in package forms has altered the way pouches are consumed.
For small packaging, the OPP pouches market has replaced several food containers. Owing to the shift in the industry, the demand for OPP pouches is expected to rise at a high rate throughout the projected period.
Consumer preferences have moved in favor of more sustainable products with the introduction of bio-based film. Bio-based solutions with excellent barrier qualities are attracting interest from manufacturers in the opp pouches market.
The merging of wraps and pouches is causing a surge in demand for OPP pouches.
What are the Key Trends in the OPP Pouches Market?
Pouches have acquired a significant share of the flexible packaging market in recent years. This is a key factor that is projected to drive the OPP pouches market ahead throughout the forecast period.
Manufacturers in the food packaging business prefer retort and zipper OPP pouches. In the next 10 years, the outlook for the worldwide OPP pouches market is predicted to be positive.
Outline of Important Trends Shaping the Global OPP Pouches Market
Manufacturers are Jumping in on the Eco-Friendly Trend
Similar to several other industries, sustainability is no longer a niche concern in the OPP pouch market and companies are increasingly investing in R&D and also implementing strategies to lower their carbon footprint and stay true to their ESG goals. For instance, manufacturers have turned their focus to pouches made from recyclable OPP film, since it can simplify the recycling process of the pouches.
Additionally, the growing number of eco-conscious consumers and businesses is also further expediting the progress of this trend. Consequently, manufacturers of OPP pouches are now aiming to stand out through these sustainable approaches by aligning with the modern consumer's preference.
Global OPP Pouches Market Landscape
Amcor Plc, Carepac, Ouma Industrial Limited, United Bags, Jarrett Industries, Kleer Pak, Inteplast Group, Palmetto Industries International Inc., MTC Polymers & Packaging, Huizhou Yangrui Printing & Packaging Co.,Ltd, Qingdao Huahongxing Plastic Co.Ltd., JEMCO Equipment MFG Co, and Politaş Ambalaj A.S. among others. among others are some of the key players operating in the market. The tier 1 players in the market hold 10 - 15% of the overall OPP Pouches market.
Global OPP Pouches Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for OPP pouches, analysing historical demand from 2019-2023 and forecast statistics for 2024-2034. The study reveals market growth projections based on pouch type (stand up pouches, flat pouches, gusset pouches, and spout pouches), capacity (less than 200 grams, 201 to 500 grams, 501 to 1000 grams, and above 1000 grams), and end use (food, beverages, personal care & cosmetics, pharmaceuticals, and other industrial).
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 3,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
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