Stand Up Pouch Valves Market Report
Stand-Up Pouch Valves Market is segmented By Product (Front valve, Corner valve), By Technique (FFS (Form, fill & seal), Preform), By End-Use (Food & beverages [Mayonnaise, Ketchup, Beverages, Others], Household & personal care [Shampoo, Liquid soap, Detergent & softeners], Industrial, Others) and Region - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global stand-up pouch valves market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Stand-Up Pouch Valves Market is segmented By Product (Front valve, Corner valve), By Technique (FFS (Form, fill & seal), Preform), By End-Use (Food & beverages [Mayonnaise, Ketchup, Beverages, Others], Household & personal care [Shampoo, Liquid soap, Detergent & softeners], Industrial, Others) and Region - ...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Stand-Up Pouch Valves Market is estimated to grow from USD 675.2 million in 2020 to USD 981.0 million by 2026 at a healthy CAGR of 6.5% during the forecast period.
Stand-up pouches are uniquely made packaging bags which will stand on their own on any table, shelf, kitchen pantry, or any flat place. These are packaging pouches that feature some bottom gusset and side-sealed edges. The side-sealed edges run from the underside to the highest a part of the pouch making two strong pouch sides. The valves help within the opening and shutting of the pouch.
Key players operating in the stand-up pouch valves market are-
Increasing demand for supporting features such as moisture resistance, high durability, and low CO2 released during production when compared to traditional packaging has improved the product demand. Moreover, product innovation and extensive R&D have enabled sustainable and environment-friendly solutions with reduced material wastage further augmenting the market growth. Moreover, growing consumer spending on packaged food products due to shifting trends towards sustainable lifestyles offers lucrative growth opportunities to the industry players.
Based on the product, the stand-up pouch valves market is classified into the front valve and corner valve. The corner valve segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to its leak-proof design and ease in reclose-ability coupled with the improved pouring position. Also, better filling space when compared to conventional packaging with the same external dimensions further bolsters the segment growth.
By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. This is ascribed to expansion in food & beverages and personal care sectors mainly due to growing consumer spending is likely to propel the regional demand. In addition, increasing consumer preference for convenient, cost-efficient, and small-sized packaging solutions owing to the rising number of nuclear families, which further proliferates the regional market growth.
The COVID-19 outbreak has moderately affected the stand-up pouch valves industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly which has resulted in supply chain disruption. Although, the food & beverages sector was less affected and there was a strong need for stand-up pouch valves for packaging of convenience foods, thus spurred the market growth amid the pandemic.
Here is the list of the group of customers that the stand-up pouch valves market hopes to have the greatest opportunity to convert-
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The stand-up pouch valves market size is expected to reach USD 981.0 million in the foreseeable future.
Scholle IPN (US), Gualapack Group (Italy), Amcor (UK), Smurfit Kappa (Ireland), Wilk Group (Poland), Liqui-Box (US), Menshen (Germany), Falakpack (UAE), Edelpa (Chile), and Flair Flexi-ble Packaging (Canada) are among the key players in the stand-up pouch valves market.
The stand-up pouch valves market is expected to witness an impressive growth of 6.5% CAGR in the coming years.
The corner valve segment is expected to register healthy CAGR in the stand-up pouch valves market in the next five years.
Asia Pacific market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR.
Stand-up pouch valves vendors, Stand-up pouch valves retailers, Food & beverages companies, Packaging companies are the target audience in the stand-up pouch valves market.