Stand-up Pouches Market Worth $51.69 Billion by 2022
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The report Stand-up Pouches Market by Type (Aseptic, Standard, Retort, Hot-filled), Form (Round Bottom, Rollstock, K-Style, Plow/Folded Bottom, Flat Bottom), Closure Type (Top Notch, Zipper, Spout), Application, and Region - Global Forecast to 2022, published by MarketsAndMarkets, Pune India, estimates the market at $36.58 billion in 2017 and projects it to reach $51.69 billion by 2022, at a CAGR of 7.2%. Rising demand for packaged food, coupled with the cost-effectiveness of flexible packaging solutions, drives the demand for stand-up pouches. Furthermore, an increasing demand from end-use industries and the aesthetic appeal of stand-up pouches further boost market growth.
Browse 172 market data Tables and 45 Figures spread through 189 Pages and an in-depth TOC on Stand-up Pouches Market
Based on form, the round bottom segment is projected to grow at the highest CAGR during the forecast period. This is attributed to the increasing use of round-bottom stand-up pouches for packaging lightweight products.
The spout segment is projected to be the fastest-growing closure type in the stand-up pouches market.
Based on closure type, the spout segment is expected to grow at the highest CAGR between 2017 and 2022. This is attributed to its ease of opening and closing, convenience in dispensing, and increasing demand for packaging liquid products. Furthermore, the rising need for efficient packaging designs and increasing demand for stand-up pouches drive the demand for spout closures.
The Asia Pacific stand-up pouches market is projected to grow at the highest CAGR during the forecast period
Asia Pacific accounted for the largest share of the stand-up pouches market in 2016. Among all countries in the Asia Pacific region, the stand-up pouches market in China is projected to grow at the highest CAGR during the forecast period. The North American market is expected to grow at the second-highest CAGR between 2017 and 2022, with the U.S. registering the highest growth rate in the region.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the stand-up pouches market. Key players operating in the stand-up pouches market include Amcor (Australia), Bemis Co. (U.S.), Berry Global Group (U.S.), Mondi (Austria), Sonoco (U.S.), Sealed Air (U.S.), Coveris (U.K.), ProAmpac (U.S.), Smurfit Kappa (Ireland), and Huhtamaki (Finland).
These players have adopted various growth strategies to expand their global presence and increase their market share. Mergers and acquisitions, expansions, and new product launches are some of the major strategies adopted by key players operating in the stand-up pouches market.
