Market Research Future published a Half Cooked Research report on “Global Stand-Up Pouches Market Research Report – Forecast to 2022”–Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Amcor Ltd. (Australia), Berry Plastics Corporation (U.S.), Ampac Holdings LLC (U.S.), Clondalkin Group (Netherlands), Sealed Air Corporation (U.S.), Astrapak Limited (South Korea), Bemis Company, Inc. (U.S), Coveris Holdings S.A. (U.S.), Mondi Plc. (Austria), Sonoco Products (U.S.) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Stand-Up Pouches Market.
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Industry News
The Dow Chemical Company has launched a new stand-up pouch made with retain polymer modifiers in order to meet consumer demand for recyclability.
In January, 2015, Glenroy Inc., a converter and printer of flexible packaging, has completed the acquisition of the pouch converting operations of PF Flexibles which formerly known as Pouch Converting Technologies Inc.
In July 2015, GualapackGroup, one of the leader in spouted pouches and filling machinery and a key player in the flexible packaging industry, announced the acquisition Tradbor Stand-up-Pouches in the State of São Paulo, Brazil.
SunOpta Inc. is expanding its stand-up pouch packaging capabilities throughout its frozen fruit, roasted snacks and fruit snack platforms with adding new stand-up pouch packaging capabilities at its Buena Park, California.
Global Stand-Up Pouches Market – Overview
Pouches are made from flexible materials. It has the ability of changing their shape based on the nature of product being packaged. A stand-up pouch contains numerous features such as zippers, spouts & fitments, slider closures, pour spouts, and release valves.
According to a recent study report published by the Market Research Future, The global market of Stand-Up Pouches is booming and expected to gain prominence over the forecast period. The Global Stand-Up Pouches market is forecasted to demonstrate an exponential growth by 2022, surpassing its previous growth records in terms of value during the estimated period (2017 – 2022).
Growth in retail sector is major factor driving the growth of the market. Factor such as lightweight, and ease of handling also have the positive influence on the growth of the market. Moreover, the increase in demand of packed food and beverages from customers is pouring the growth of the stand-up pouches market. Growing number of end use industries of stand-up pouches has also been responsible for their increasing demand across the globe. Whereas, Availability of substitutes and fluctuating raw material prices are expected to pose challenges for the market.
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Global Stand-Up Pouches Global Market – Competitive Analysis
Global Stand-Up Pouches Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Stand-Up Pouches strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Stand-Up Pouches for every application.
Global Stand-Up Pouches Market – Segmentation
Global Stand-Up Pouches Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.
On the basis of material, market is segmented into Plastic, Metal, Paper and Others. Plastic dominates the material segment of the market and is expected to grow at a highest CAGR during the forecast period. Commonly used plastics in the development of pouches include biaxially-oriented polyethylene terephthalate (BOPET) and ethylene vinyl alcohol (EVOH).
Based on type segment the market is segmented into Aseptic, Standard and Retort. Aseptic packaging segment is expected to grow at the highest CAGR during the forecast period. Features such as longer shelf life and high seal integrity are some of the vital factors contributing to the growth in the usage of aseptic stand-up pouches.
Based on Application segment the market is segmented into Food & Beverage, Health care, Personal Care and Others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Global Stand-Up Pouches Market – Regional Analysis
Asia Pacific region dominates the global stand-up pouches market. In Asia Pacific region it has been seen that high growth in population and increase the consumption of ready-to-eat food and beverages. This increase in the demand for RTE food and beverages will propel the demand for stand-up pouches products. Additionally, the increasing the manufacturing plants of various food companies such as Kellogg’s and Nestle and the growing preference for pouches will boost the growth prospects for the market in this region. India, China, and japan are the major market in the region.
North America is the second largest region for the market. This region is expected to show a positive growth during the forecast period due to high demand for the packed food. The U.S. is the major market in North America.
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