As competition intensifies in consumer products market, product manufacturers are identifying and leveraging the latent potential in the market. Consequently, several new products were launched in the consumer market in recent years to attract customers. Open pouch laminates are one of the important packaging solution for brand owners. Open pouch laminates prevents the pharmaceutical products from moisture. Open pouch laminates are available in the market in a very light weight. Moreover, open pouch laminates offer very decent seal integrity for the pharmaceutical product safety and convenience.
Open pouch laminates: Market Dynamics
Global open pouch laminates market is mainly driven by the mounting growth of pharmaceutical industry. Open pouch laminates are used widely in the different pharmaceutical products such as tablet, capsules and different medical devices. The product is gaining popularity among the manufacturers of pharmaceutical owing to the property of preventing the product from moisture. Moreover, the rising competition among pharmaceutical companies is expected to increase the acceptance of open pouch laminates during the forecast period.
Open pouch laminates: Market Segmentation
The global open pouch laminates market is segmented on the basis of type of the material type, application type
Based on the material type the global open pouch laminates market is segmented into:
- Polyethylene (PE)
- Aluminum foil laminate
Based on the application type the global open pouch laminates market is segmented into:
- Oral dissolve strips
- Transdermal & Transmucosal
Open pouch laminates Market: Regional outlook
In terms of geography, the global open pouch laminates market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia pacific is expected to remain its dominance throughout the forecast period due to the rising growth in pharmaceutical industry. Moreover, China, India are the most preferred destination among the manufacturers of open pouch laminates during the forecast period. North America is also anticipated to register healthy CAGR in the upcoming decade. Europe is also anticipated to grow in fast pace owing to the healthy pharmaceutical growth in Germany, England and France. Moreover, lain America is expected to witness very slow growth as compare to the other region during the forecast period.
Open pouch laminates Market: Key players
Some of the key players in the global open pouch laminates market are Amcor limited, Rotek laminates, USI, Inc., Oracle packaging, Mondi group etc. Key players also emphasizing for mergers and acquisitions with the local players to increase the product portfolio and also to penetrate their business into emerging countries. Also the companies are increasing their product portfolio to obtain new customers as well as to retain existing customers.
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This post was originally published on The Market Plan