The global pouches market at a CAGR of over 6% during the forecast period

NEW YORK, Dec. 3, 2019 /PRNewswire/ -- Global Pouches Market: About this market
This pouches market analysis considers sales from flat pouches, stand-up pouches, spout pouches, and other types. Our study also finds the sales of pouches in APAC, Europe, MEA, North America, and South America. In 2019, the flat pouches segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as economical packaging solutions will play a significant role in the flat pouches segment to maintain its market position. Also, our global pouches market report looks at factors such as the rising focus on improving shelf life of products, growth in e-commerce industry, and increasing demand for logistics and warehousing. However, volatility in raw material prices, increasing focus on reducing the use of plastics packaging, and stringent regulations on manufacturing plastic pouches may hamper the growth of the pouches industry over the forecast period.
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Global Pouches Market: Overview
Growth in the e-commerce industry
Several factors including the growing penetration of the Internet increased online retailing, and the availability of quick shipping and customization of products is leading to an increase in the growth of E-commerce companies. The e-commerce industry uses a wide range of packaging materials for the safe and secure delivery of products. This has further encouraged companies to use flexible packaging materials such as pouches to prevent any damage to the products. Thus, the increasing expansion of the e-commerce consumer base and high penetration of e-commerce companies will lead to the expansion of the global pouches market at a CAGR of over 6% during the forecast period.
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