Agribusiness applications are valued in this market at more than $3 billion in 2017. With benefits for companies that favor 200ml size, owing to extensive durability through flavor retention, nutritional value and freshness maintenance. In the future, the search for lightweight, resistant and sustainable packaging format, will boost growth with rising penetration in personal care and home care segments, especially soaps and detergents. If three-layer laminates accounted for over 45% of the market in 2017, the fastest growth is expected to occur in four layers laminates, owing to increasing demand from industrial applications. In Asia-Pacific, the market is expected to reach more than 2 million tons by 2024. In addition, spout liquid pouch packaging market bags will grow at over 6.5% up to 2024.
(Packaging Strategies News, June 3, 2019)

Part of 640 issue - July/August 19. All rights reserved except agreement written by Emballage Digest or mention of the magazine