“The stand-up pouches market is projected to grow at a CAGR of 7.2% from 2017 to 2022.”
The stand-up pouches market is estimated at USD 36.58 billion in 2017 and is projected to reach USD 51.69 billion by 2022, at a CAGR of 7.2%. Rising demand for packaged food & beverages coupled with the need for cost-effective packaging solutions drives the demand for stand-up pouches. Recycling of multi-layer structure act as a challenge in the growth of the stand-up pouches market.
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“Based on type, the aseptic segment accounted for the largest share of the stand-up pouches market in 2016.”
The aseptic segment led the stand-up pouches market in 2016; this segment is projected to retain its leading position through 2022. Aseptic stand-up pouches are gaining popularity due to the demand for long shelf life and their high seal integrity. The increasing adoption of aseptic stand-up pouches in dairy-based and ready-to-drink beverages further boosts demand. This is expected to be the fastest-growing segment during the forecast period as a result of the growing focus on protection of food from contamination..
“Based on application, the food & beverages segment accounted for the largest share of the stand-up pouches market in 2016.”
Based on application, the stand-up pouches market has been segmented into food & beverages, healthcare, cosmetics & toiletries, and others. The food & beverages segment led the stand-up pouches market in 2016. With the consumers’ growing demand for products with longer shelf-life, dairy manufacturers are shifting toward packaging solutions that ensure maximum decontamination.
“The Asia Pacific stand-up pouches market is expected to witness the highest growth during the forecast period.”
The Asia Pacific stand-up pouches market is projected to grow at the highest CAGR between 2017 and 2022. China dominated the Asia Pacific stand-up pouches market in 2016 and is projected to grow at the highest CAGR during the forecast period. The increase in disposable income of individuals has led to a rise in demand for ready-to-eat products, which, in turn, has contributed to the growth of the stand-up pouches market in the Asia Pacific region. Furthermore, the evolving retail landscape in China also indirectly supports the stand-up pouches market growth.
Breakdown of Primaries
By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
By Designation: C Level – 35%, Director Level – 40%, Others – 25%
By Region: North America – 25%, Europe – 10%, Asia Pacific – 40%, Middle East & Africa – 15%, and South America – 10%
The key players profiled in the report are as follows:
- Amcor (Australia)
- Bemis (US)
- Berry Global Group (US)
- Mondi (Austria)
- Sonoco (US)
- Sealed Air (US)
- Coveris (UK)
- ProAmpac (US)
- Smurfit Kappa (Ireland)
- Huhtamaki (Finland)
Research Objectives:
The primary objective of this study is to define, forecast, and segment the stand-up pouches market on the basis of type, form, closure type, application, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the key market dynamics that include drivers, restraints, opportunities, and industry-specific challenges. In addition, the study analyzes competitive developments such as mergers & acquisitions, expansions, new product developments, and research & development activities in the stand-up pouches market.
Reasons to buy the report:
The report will help market leaders/new entrants in this market in the following ways:
- This report segments the stand-up pouches market and provides the closest approximations of revenue numbers for the overall market and its subsegments across different regions.
- The report helps stakeholders understand the market and provides them with information about the key market drivers, restraints, opportunities, and challenges.
- This report will help stakeholders better understand their competitors and gain insights to improve their position in the market. The competitive landscape section includes mergers & acquisitions, expansions, new product launches, and partnerships..
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