The global stand-up pouches market is expected to grow at a CAGR of around 7.4% over the forecast period 2020 to 2027 and to reach around US$ 17.5 Bn by 2027.
Rapid industrialization in developed and developing countries, increasing advancements in packaging technology, coupled with manufacturers focus on sustainable flexible and packaging solution are major factors expected to drive the growth of global market. Manufacturers across the globe and inclining towards the adoption of advanced packing solution that has various benefits such as convenience and aesthetic appeal. Stand-up pouches provide a better advantage in terms of packing products as they are available in different size and shape. In addition, these pouches are cost-effective solution as compared to other packing as they are pouches utilize lesser material, require lower shipping and transportation costs.
Food & beverage manufactures across the globe are introducing new innovative products in order to attract customers. They are inclining towards adopting smart packing solution as stand up pouches tend to be better marketing tool for produces as these products are available in various size along with zippers or sliders, spouts, and tear notches that helps to differentiate the product among consumers. These factors are further responsible to impact the global stand-up pouches market growth positively.
Flourishing cosmetic and personal care industry and growing demand for beauty products from consumer in small size are among other factors expected to support the growth of target market. Consumers demand related to products are changing and manufactures are inclining towards providing pocket friendly products in order to attract customers.
Moreover, major players focus on business development activities through merger and joint ventures in order to increase the customer base is expected to further support the target market growth.
However, factors such as volatility in prices of raw material and stringent government regulation related to product approval are expected to hamper the growth of global market. In addition, availability of other substitutes packing material is another factor challenging the market growth to a certain extent.
Product development activities by the manufactures and introduction of new innovative products are factors responsible to create new opportunities in terms of revenue for players over the forecast period. In addition, business development activities through strategic merger and acquisitions in order to increase the revenue share and enhance the product portfolio is expected to further revenue support the market growth.
Stand-up Pouches Market Segment Analysis, 2019
The global stand-up pouches market is segmented into material type, product type, closure type, and application. The application segment is bifurcated into food & beverages, pet food, healthcare, personal care & cosmetics, homecare, and others. Among the application segment the food & beverage segment is expected to account for significant revenue share.
Segment Analysis by Region
The market in North America is expected to account for major revenue share due to high presence of players operating in the region, coupled with innovative product offerings. In addition, strategic merger and acquisitions activities between regional and international in order to increase the profit ratio is expected to support the target market growth in this region.
Asia Pacific is expected to witness faster growth in the near future due to high demand form food & beverage manufacturers. In addition, major player’s inclination towards emerging economies in order to increase the customer base is expected to support the regional market growth.
High presence of players operating on global level and innovative product offerings is increasing the competitive scenario. In addition, partnerships and agreements is expected to further augmenting the competition.
Global Stand-up Pouches Market
2016 – 2027
2020 – 2027
Product Type, Material Type, Closure, Application, and Geography
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
The market research study on “Stand-up Pouches Market (Product Type: Standard, Aseptic, Retort, and Hot-filled; Material Type: Plastic, Paper, Metal, and Bioplastic; Closure: Tear Notch, Zipper, and Spout; Application; Food & Beverages, Pet Food, Healthcare, Personal Care & Cosmetics, Homecare, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global stand-up pouches market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global stand-up pouches market, its material type, product type, closure, application segment, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global stand-up pouches market size and segment markets by material type, product type, closure, application, and geography along with the information on companies operating in the market. The stand-up pouches market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Amcor, Bemis Company, Berry Global Group, Mondi, Sonoco, Sealed Air, Coveris, ProAmpac, Smurfit Kappa, and Huhtamaki.
Market By Product Type
Market By Material Type
Market By Closure
Market By Application
Market By Region
Middle East & Africa
Report by Acumen Research and Consulting, the global stand-up pouches market is expected to reach around US$ 17.5 Bn by 2027.
In the product segment the standard segment is growing at faster pace.
The CAGR of the global stand-up pouches market from 2020-2027 is above 7.4%.
In the material type segment plastic is expected to grow faster.
Some of the players considered in the report scope are Amcor, Bemis Company, and Berry Global Group.
Rapid industrialization in developed and developing countries, increasing advancements in packaging technology, coupled with manufacturers focus on sustainable flexible and packaging solution are major factors expected to drive the growth of global market.
The market in North America is expected to account for major revenue share due to high presence of players operating in the region, coupled with innovative product offerings.