Soaker Pads Market by Segmentation Based on Product, Application and Region, 201Posted by vakhas on January 14th, 2019 Global Soaker Pads Market: An Overview Apart from meats, soaker pads are also used for Asparagus and other food products to provide a constant supply of moisture. Manufacturers of soaker pads offer variety in terms of size and absorbency. Fast transforming landscape in the retail sector triggered by changing consumer habits is expected to force more soaker pads manufacturers to adapt with the growing demand for customizability. Product presentation is a key parameter which modern consumers use to screen products on display. Therefore, manufacturers of soaker pads have been making their products available in a variety of colors to boost their consumer appeal. The outlook for growth of the global soaker pads market is expected to be positive during the forecast period. Consumption of fresh meat is projected to expand at a CAGR of over 3% during the forecast period, by value. As more consumers turn to brick-and-mortar retail stores, the demand for soaker pads is expected to grow, with an increasing number of retailers focusing on consumer appeal of the product. Global Soaker Pads Market: Regional Outlook The North America soaker pads market is expected to be at the forefront of market growth during the forecast period. This is attributed to the large and well-established retail sector in the U.S. and Canada. The soaker pads market in North America is largely consolidated, with Novipax and Paper Pak accounting for nearly 60 – 70% of the market value share. The Asia Pacific soaker pads market is expected to register high growth during the next ten years. Changing consumer shopping habits in countries in the region has been the key contributor to growth of the retail sector in the Asia Pacific. Furthermore, the demand for packaged food has grown in the past few years, and is expected to gain momentum as consumers are shifting towards packaged food consumption. The soaker pads market in Europe is unlike its North American counterpart, and has many small producers. Also, meat packaging in the Western Europe region is less centralized. The growth of the soaker pads market is expected to be moderate during the forecast period. Like it? Share it!More by this author |