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.
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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. Moreover, the increasing preference towards light weight packaging solution among brand owners is expected to fuel the sales of open pouch laminates in the upcoming decade. Open pouch laminates are also used massively in the medical devices packaging. Moreover, the open pouch laminates offer easy opening of the product which can create a massive impact in the sales of the product during the forecast period. Furthermore, open pouch laminates ensure the seal integrity of the medicine that in turn escalates the sales of open pouch, as it is capable of preventing the product from the moisture.
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.
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.