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Global Stand-up Pouches Market Sales, Key Players, Growth, Size, Share, Demands and Forecasts to 2027

08-23-2022 03:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsnReports

The global Stand-up Pouches market is projected to grow from USD 24.8 Billion in 2022 to USD 36.7 Billion by 2027, at a CAGR of 8.1% during the forecast period. Increasing health awareness and rising per capita income have resulted in the rise in demand for packaged food & beverages, which, in turn, drives the demand for stand-up pouches.

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"Food & Beverages is projected to be the fastest-growing segment by application in Stand-up Pouches market"
Based on application, food & beverages is estimated to be the fastest-growing segment of Stand-up pouches during the forecast period. Stand-up pouches are widely used in food & beverages and non-food packaging. The type and form of stand-up pouches utilized are dependent upon the type of products they are to be utilized to package. The weight of the product, barrier protection, and form of the product (solid/liquid) are the major factors that influence the use of the particular type and form of stand-up pouch.. One of the major factors for the growth of this segment is the rise in the consumption of stand-up pouches in baby food. The convenience provided by stand-up pouches to the customer to carry the lightweight package and the re-sealable feature has led to an increase in demand as well.

"Plastic is projected to be the fastest-growing segment by manufacturing process in Stand-up pouches market"
Plastic is estimated to be the fastest-growing segment by manufacturing process in the Stand-up pouches market during the forecast period. Plastic films offer excellent visibility to the product and provide secure and attractive packaging options. These films, manufactured from polyethylene, polypropylene, polyvinyl chloride (PVC), ethylene vinyl alcohol, and polyamide, are widely used in stand-up pouches.

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"Asia Pacific is projected to be the fastest growing segment in Stand-up pouches market by region"
Asia Pacific is the largest and fastest growing market for stand-up pouches, followed by North America and Europe. China is the largest country-wise market in the region, and this trend is projected to continue over the next five years. The use of stand-up pouches in the region has increased due to various features such as cost-effectiveness, easy availability of raw materials, and the increasing demand for compact packaging solutions from highly populated countries such as India and China. Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.

The break-up of primary interviews is given below:
• By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%
• By Designation: C-level Executives: 20%, Directors: 30%, and Others: 50%
• By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, ROW: 30%

Notes: Others include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million-1 Billion; and Tier 3: < USD 500 million
The companies profiled in this market research report include are Amcor Plc (Switzerland), Berry Global Inc (US), Mondi (US), Sealed Air (US), Smurfit Kappa (Ireland), Coveris (Austria), ProAmpac (US), Huhtamaki (Finland), Sonoco (US), Constantia Flexibles (Austria), and others.

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Research Coverage:
This research report categorizes the stand-up pouches market on the basis of application, type, closure type, form, material, and region. The report includes detailed information regarding the major factors influencing the growth of the Stand-up pouches market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, new product developments, and recent developments associated with the market.

Reasons to Buy the Report:
The report will help market leaders/new entrants in this market in the following ways:
• This report segments the stand-up pouches market comprehensively and provides the closest approximations of market sizes for the overall market and sub-segments across verticals and regions.
• The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, new product developments, and joint ventures.

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