Stand-up Pouches Market Worth $33.4 Billion by 2020
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The report Stand-up Pouches Market by Type (Aseptic, Standard & Retort), Form (Round Bottom, K-Style, Plow Bottom, Flat Bottom & Others), Application (Food & Beverages and Non-Food) & Region - Trends and Forecast to 2020 published by MarketsandMarkets, Chicago, Ill., USA, projects that the stand-up pouches packaging market will reach $33.4 billion by 2020, at a CAGR of 8.1% from 2015 to 2020.
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The market report defines and segments the global stand-up pouches market with analyses and forecast of the global market size for stand-up pouches till 2020. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.
The stand-up pouches market is segmented on the basis of application, form, type, and region. The market is segmented and the value is projected on the basis of regions such as North America, Europe, Asia-Pacific, and the Rest of the World (ROW), and is forecasted till 2020. The major countries in all the regions have been considered for this study.
The stand-up pouches market is end-user oriented. There are various kinds of pouches available in flexible packaging, but stand-up pouches are the most widely used. Stand-up pouches have gained popularity due to their barrier properties, handiness of reclosable fitments to enhance consumer comfort, and their compact nature. Stand-up pouches can be customized with different additional features, such as microwavable pouch, zipper, tear notch, and handles as per the product requirements. These pouches enhance the shelves' visual effects and are designed with features such as ease of use and portability, high barrier properties, and maintain the quality of the content.
A lot of innovations in designs and technological advancements have been witnessed by the industry in the last decade, which has helped stand-up pouches to enter new segments such as dry food, baby food, fertilizers, cement, paints, and coatings.
Asia-Pacific is projected to grow the fastest in the forecast period, that is, from 2015 to 2020, because of the increasing demand of convenience food, and growing health and personal care industry.
The stand-up pouches market is marked with intense competition due to the presence of a large number of players.The market for this industry is highly unorganized because of the small and medium manufacturers. New product launches and expansions are the key strategies adopted by market players to expand their business in the industry.
Key players in the market are Amcor Ltd. (Australia), Dow Chemical Co. (U.S.), Sappi Ltd. (South Africa), Smurfit Kappa Group (Ireland), Berry Plastic Corp. (U.S.), Ampac Holdings LLC (U.S.), Bemis Co. (U.S.), Coveris Holdings S.A. (U.S.), Essentra Plc. (U.K.), and Mondi Group (South Africa).
