World Forecast to 2023 for Stand-up Pouches Market
Stand-up pouches are laminated bags that are generally made up of either plastic or an amalgam of aluminum and plastic film. These pouches occupy less amount of space and need reduced packaging material than conventional packing methods like boxes and cartons. A typical stand-up pouch consists of many different features like zippers, pour spouts, release valves, and slider closures. Stand-up packaging safeguards the products against pests, moisture, odor, and vapor. Stand-up packages are completely customized for market purposes. Stand-up pouches are utilized in the single-serve beverages, pet foods and pet treats, confectionary items, breakfast cereals, snacks, and cookies. Factors Driving the Stand-up Pouch Market The market of the stand-up pouches is expected to experience growth from USD 20.1 billion in the year 2018 to USD 28.9 billion by the year 2023. The increasing preferences for the packaged beverages and food items in developing countries coupled with growing consumer interest in the light-weight pouches can be denoted as some factors that are driving the growth of this market. The unique features of the stand-up pouches like ease-of-handling, light-weight, and portability increases the market growth further. The market is even anticipated to grow due to its capability of reducing the shipping expenses. According to the studies, the growth of the market is triggered by the shifting customer preferences to food items that come with a greater shelf-life and are of higher quality and value. Apart from that, the higher living standard and changing the lifestyle of the customers are also boosting the sale of the stand-up pouches. Segmentation of the Global Stand-up Pouches Market The stand-up pouches market is segmented based on type, form, closure type, region, and application. Based on type, the stand-up pouch market is segmented into the retort, standard, hot-filled, and aseptic. Based on form the stand-up pouch market is segmented into the flat bottom, round bottom, folded/plow bottom, and k-style. Based on closure type the stand-up pouch market is segmented into the spout, zipper, and top notch. Based on application, the stand-up pouch market is segmented into personal care, healthcare, and others. The Stand-up Pouches Market Regional Analysis North America possesses infrastructure facilities for supporting the food packaging sector that triggers the stand-up pouches market growth. Asia-Pacific accounts for over 60 percent share of the stand-up pouches market because of increasing demand for ready-to-serve food. Major Players of the Stand-up Pouches Market The major players of the stand-up pouches market can be penned down as Amcor Ltd. (Australia), The Dow Chemical Company (US), Berry Plastics Corporation (US), Smurfit Kappa Group (Dublin), Ampac Holdings LLC (US), Clondalkin Group (Netherlands), Sealed Air Corporation (US), Astrapak Limited (South Korea), Bemis Company, Inc. (US), Coveris Holdings S.A. (US), Mondi Plc. (Austria), Sonoco Products (US) and others. Wrapping Up The market for stand-up pouches is increasing at a very fast pace. This pace is expected to grow even more and not to stop anytime shortly. The growth of the stand-up pouches market can be credited to the shifting demands and changing the lifestyle of the customers together with increased income of the middle-class families.