Stand-Up Pouches Market to Reach USD 34.8 Billion by 2027 | CAGR 7.2% – Forencis Research

Stand-up Pouches Market - Global Industry Analysis and Forecast 2020 to 2027

Global Stand-up Pouches Market: Key Highlights

  • According to the new market research report Stand-Up Pouches Market by Material (Polyethylene Terephthalate (PET), Oriented Polyamide (OPA), PolyEthylene (PE), Oriented Polypropylene (OPP), Cast Polypropylene (CPP), Ethylene Vinyl Alcohol (EVOH) and Others), by Type (Shaped Pouches, Spouted Pouches, Box Pouches, Zipper Pouches, Premade Pouches and Others), by Pouch Style (K Seal Pouch, Doy Bag, V Seal and Others), by Application (Food & Beverage, Beauty & Personal Care, Pharmaceutical, Household Products and Others), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global stand-up pouches market is estimated to reach USD 34.8 Billion by 2027 at a CAGR of 7.2% in the forecast period.
  • Stand-Up Pouches are the bag like structure made up with plastic, metals and other types of materials having the ability to stand by their own
  • Stand up pouches (SUP) is one of the most preferred light-weight flexible packaging type with higher durability
  • Due to superior properties, it is exclusively used in packaging of food & beverages, personal care products, household product and many others

Stand-up Pouches Market

Global Stand-up Pouches Market: Key Market Dynamics

  • The growth of this market is mainly attributed to growing demand from the food manufacturers for improving product visibility and differentiate the product from the competitors
  • Increasing demand for processed and packaged food products across the globe, an outcome of changing eating preference associated with changing lifestyle, fuels the market growth
  • Shifting preference towards flexible packaging over the rigid packaging owing to lower production cost is boosting the market growth
  • Initial High Capital Investment for the manufacturing of stand-up pouches may impact the market growth negatively
  • Owing to constant research and development of innovative stand-up pouches to cater untapped application areas is acting as growth window for the stand-up pouches market
  • Volatile raw material prices are acting as major challenge to the stand-up pouch market

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Global Stand-up Pouches Market: Regional Overview

  • North America

The stand-up pouches market in the North American region is projected to witness high demand owing to the rising demand for processed food products. Various studies have revealed that more than 50% of the American’s calorie intake in based from processed or ultra-processed food products. Increasing disposable income coupled with the higher tendency to spend on convenience food products in the region is driving demand for stand-up pouches in the region.

  • Asia-Pacific

The Asia-Pacific is one of the promising market for growth of the stand-up pouches market. Growing number of urban consumers preferring processed food for higher convenience is driving the market growth in the region. Rise in demand for processed food products as preferred snacking options in India, Indonesia and other countries is further fueling the market growth. Furthermore, growing preference to ready-to-eat foods, especially the frozen one in on hike within Asia, which is projected to push the stand-up pouches market.

Global Stand-up Pouches Market: Key Players Overview

  • Amcor plc:

Amcor plc is one of the prominent player offering stand-up pouches. The company offers packaging solutions for food, beverage, pharmaceutical, medical, home and personal care sector. Amcor plc focuses on offering flexible packaging, rigid packaging, specialty cartons and closures. The company has its strong foothold in North America, Western Europe, Australia, New Zealand and other emerging markets . In July 2019, Amcor plc acquired the United States-based Bemis Company Inc. The acquisition has brought additional scale, capabilities and footprint to the existing value of the Amcor plc.  

  • Mondi:

Mondi is the Austria-based company actively involved in manufacturing and supplying paper and packaging products. The company was founded in 1967, having an employee count over 25,000. The company operates through four major business segment: corrugated packaging, flexible packaging, engineered materials, and uncoated fine paper. Mondi offers stand-up bags and pouches for food industries, pet food, personal care and household product range. The product range includes BarrierPack Recyclable, StripPouch, FlexiBag, Aseptic carton, Polywoven Bag, SquareBag, ShapePouch, ZipperPouch and many others.

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Rep Id : FnB 047

Published : 2020-09-10

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