PUNE, India, April 6, 2020 /PRNewswire/ -- The global stand-up pouches market size is expected to reach USD 20.12 billion by 2026, due to the increasing demand for packaged food and beverage products worldwide. Also known as doypack, stand-up pouches are flexible packaging, which has a base below for standing capability. They often used for ready-to-drink beverages and are considered as an alternative to traditional industrial canning methods.
A recently published report by Fortune Business Insights™ provides a 360-degree overview of the market. It is titled, "Stand-up Pouches Market Size, Share & Industry Analysis, By Type (Aseptic Pouches, Standard Pouches, Retort Pouches, and Others), By Materials (Plastics, Foils, Paper), By Closure Type (Top-notch, Spout, and Zipper) By Application (Food, Beverages, Beauty & personal care, Dogs & Cats food, Homecare Products and Others), and Regional Forecast, 2019-2026."
According to this report, the market was USD 11.13 billion in 2018 and will exhibit a CAGR of 7.73 % during the forecast period set between 2019 and 2026.
- A comprehensive overview of the market with growth parameters such as drivers, restraints, and challenges
- Competitive landscape, list of key players, and their key strategies to enjoy the dominant position
- Current stand-up pouches market trends, key industry developments, and other interesting insights into the market
- Table of segmentation based on factors such as type, material, closure type, application, and geographies.
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An Overview of the Impact of COVID-19 on this Market:
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Rising Popularity of on-the-go Snacking is Augmenting Growth
Increasing demand for snack food items is a significant factor in promoting the stand-up pouches market growth. This, coupled with the increasing demand for on-the-go snacking that can be re-sealed, is also aiding to the expansion of the market.
On the contrary, stand-up pouches do not provide grip, and thus in case the quantity of the product inside the pouch decreases, the pouch loses its ability to stand straight and may often spill the entire content. This may act as a significant market restraint and cause hindrance to the market in the long run. Nevertheless, the rising trend of replacing metal cans containing beverages with stand-up pouches containing beverages is expected to augment the growth of the market.
North America Dominated Market with High Demand from Food Industry
North America earned USD 1,299.45 million in 2018 and emerged as the region with the largest stand-up pouches market share. This is attributed to the rising popularity of packaged food and beverage sectors and the ever-increasing demand from the food sector especially from the U.S. Europe market, on the other hand, will witness progressive growth owing to the continuous launch of new products, coupled with the rise in consumer expectations and easy product handling. Moreover, Asia Pacific market is expected to witness the fastest growth rate in the forecast duration on account of the rise in demand from the food processing industry and the expansion of the retail market. Additionally, the increasing population, increase in per capita income, and the rising popularity of ready-to-eat food is also boosting the Asia Pacific market.
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Amcor Plc., and Mondi Plc. Dominating Market with Diverse Portfolio
Currently, players such as Mondi plc., and Amcor plc., are holding the dominating shares on account of the continuous innovations and the presence of diversified product portfolio. Also, these companies introduce new designs for pouch packaging, and this attracts high stand-up pouches market revenue and further expected to continue doing so in the forthcoming years. Other companies are engaging in collaborative efforts such as merger and acquisitions, product launches, investment in the development of innovative products, and others to gain a competitive edge in the market.
List of Key Companies operating in the Stand-up Pouches Market include:
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- Amcor plc
- Mondi plc
- Sealed Air Corporation
- The Smurfit Kappa Group plc
- Bemis Company, Inc.
- Sonoco Products Company
- Huhtamäki Oyj
- Berry Global, Inc.
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Trends
- Overview of Global Stand-up Pouches Production
- Global Stand-up Pouches Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Aseptic pouches
- Standard pouches
- Retort pouches
- Market Analysis, Insights and Forecast – By Material
- Market Analysis, Insights and Forecast – By Closure Type
- Market Analysis, Insights and Forecast – By Application
- Beauty & personal care
- Dog & Cat food
- Home care Products
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia pacific
- Latin America
- Middle East & Africa
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Significant Industry Developments of the Stand-up Pouches Market Include:
February 2019 – A new stand-up pouch for olive oil was launched by the Smurfit Kappa Group Plc. For reducing the overall weight and save space. This pouch weighs 17 times less as compared to glass and is available as a 1.5L unit.
November 2019 – A plastic packaging manufacturer based in Evansville, Indiana, Berry Global Inc., entered into a partnership with a chemical industry leader in Saudi Arabia, namely SABIC. This agreement was made for the use of polyolefin resins manufactured from chemical recycling. The end-product is recyclable, and consist of 30% postconsumer resin (PCR) that is sourced from SABIC's globular polymer.
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