NEW DELHI, June 13, 2022 (GLOBE NEWSWIRE) — The global spray bag market was valued at USD 21,784.2 million in 2021 and is expected to reach USD 40,266.7 million by 2030.The market is expected to grow at a CAGR of 7.3% for the forecast period 2022-2030.In terms of revenue, the global spout bag market is expected to grow from 148.012 billion in 2021 to 280.08 billion by 2030, growing at a CAGR of 6.9% during the forecast period.
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The spout bag is a flexible packaging option for all fluid products.Its use can be used for various purposes such as packaging liquid and non-liquid substances.The spout bag can hold liquids, beverages, wine, juices, honey, sugar, sauces, wraps, bone broth, pumpkin, purees, lotions, detergents, detergents, soaps, oils and fuels.It is commonly used in many non-liquid, powdered or granular products.These products take up less space during dispensing thanks to the flexible packaging solution in the spout bag.However, the plastic packaging of the mouthpiece bags is bad for the environment as they lead to increased waste, landfills, ocean pollution, and the death of aquatic animals.This requires choosing green packaging under the spout bag to reduce plastic content.
Factors such as increasing demand for safer packaging solutions and increasing adoption in the food, beverage, and pharmaceutical industries are driving the growth of the global spout bag market over the forecast period.Improved economics, increased health concerns, and strict environmental protection guidelines have led to an increase in the use of lightweight packaging options such as spout bags.Furthermore, the adoption of innovative packaging technologies and solutions has created lucrative growth opportunities for the market.Spout bags are a cost-effective alternative to many products that were once limited to rigid packaging such as rigid plastic, glass or metal packaging.However, recycling of spout bags and environmental concerns restrain the growth of the market.
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The global spray bag market is highly competitive to increase its presence in the market.Some of the key players operating in the global spout bag market include Amcor Ltd., Sonoco Products Company, Mondi Group, ProAmpac, Smurfit Kappa Group, Bischof & Klein GmbH & Co. KG, Bemis Company, Glenroy Inc., Printpack Inc., Coating Excellence International, Color Flex, Winpak Ltd. and Logos Pack & Sealed Air Corp., among others.
The global spray bag market is segmented on the basis of product, component, bag size, material, closure type, end user, and region.The industry trends of the Mouth Bags market is segmented into different categories to give a comprehensive view of the global market.
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Post time: Jul-06-2022