Global Stand-up Pouches Market: Key Highlights
Global Stand-up Pouches Market: Key Market Dynamics
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Global Stand-up Pouches Market: Regional Overview
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.
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 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 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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