Global Stand-Up Pouches Market is Marked To Exhibit Notable Expansion At A CAGR Of 7% Till Forecast 2022
Stand-Up Pouches Market Statistics, Challenges, 7% of High CAGR, Growth, Future Scope | Information by Material (Plastic, Metal, Paper, and Others), by Type (Aseptic, Standard, and Retort), by Application (Food & Beverage, Healthcare, Personal Care, and Others) and by Region — Global Forecast till 2022
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Stand-Up Pouches Market Statistics, Challenges, 7% of High CAGR, Growth, Future Scope | Information by Material (Plastic, Metal, Paper, and Others), by Type (Aseptic, Standard, and Retort), by Application (Food & Beverage, Healthcare, Personal Care, and Others) and by Region — Global Forecast till 2022
Global Stand-Up Pouches Market Overview
The Global Stand-up Pouches Market is expected to strike 7% CAGR during the evaluation period 2022, according to the Market Research Future (MRFR)’s assessment.
The expansion of packaging industry is leading to the development of innovative packaging solutions in the global market. The demand for stand-up pouches is likely to increase as it protects commodities from vapor, moisture, odor, and pests.
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Increasing popularity of packaged food and beverages in the urban areas of developed and developing region as a result of changing lifestyles and dietary habits of the population in these regions and growing preference for ready to consume food products are majorly propelling the growth of the global stand-up pouches market. Increased demand for flexible packaging in various industries such as food and beverages, pharmaceuticals, cosmetics, personal care, consumer electronics and others is also aiding the expansion of the global stand-up pouches market.
Key Players
Amcor Ltd. (Australia)
Berry Plastics Corporation(US)
The Dow Chemical Company (US)
Smurfit Kappa Group (Dublin)
Clondalkin Group (Netherlands)
Ampac Holdings LLC (US)
Sealed Air Corporation (US)
Bemis Company, Inc. (US)
Astrapak Limited (South Korea)
Coveris Holdings S.A. (US)
Sonoco Products (US)
Mondi Plc. (Austria)
Industry News
In September 2019, Coveris, a European manufacturer of sustainable plastic and paper packaging solutions, has invested in the expansion of pet food packaging. The company is expanding its production capacity in Neuwied and Firminy sites.
In August 2018, Viva Tierra Organic, Inc., a leading marketer of organic fruits and vegetables, has announced the launch of new packaging for apples and pears in zip-top stand up pouch packages.
In August 2019, Haney, a Cincinnati-based company, has announced the expansion of its packaging and printing capabilities with the launch of its digital arm, Haney Digital arm. The digital expansion is focused on printing, converting, and laminating short-run flexible packaging.
Market Segmentation
The global stand-up pouches market has been segmented on the basis of material, type, and application. Based on material, the global stand-up pouches market has been segmented into plastic, metal, paper, and others. Based on type, the global stand-up pouches market has been segmented into aseptic, standard, and retort. Based on application, the global stand-up pouches market has been segmented into food & beverages, healthcare, personal care, and others.
Regional Analysis
The regional evaluation of the global stand-up pouches market is covered in this study on regional and country-level basis. The regions assessed in the study are – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America is one of the key segments of the global market. It is expected to earn high revenues owing to the rising demand for packaged food products. In addition, packaging innovations are anticipated to boost the revenue generation of the stand-up pouches market in the region across the review period. Asia Pacific is also poised to witness an attractive growth trajectory in the nearby future. Rapid growth of end-user industries and rising purchasing power being observed are projected to facilitate the expansion of the market during the evaluation period.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Datum: 13.01.2020 - 15:03 Uhr
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