Stand Up Pouches Market Report
Stand-Up Pouches Market, By Material (Plastic, Paper, Metal, Bioplastic), By Type (Standard, Aseptic, Retort, Hot-filled), By Application (Food & Beverages, Pet Food, Healthcare, Personal Care & Cosmetics, Homecare, 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 pouches 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 Pouches Market, By Material (Plastic, Paper, Metal, Bioplastic), By Type (Standard, Aseptic, Retort, Hot-filled), By Application (Food & Beverages, Pet Food, Healthcare, Personal Care & Cosmetics, Homecare, Others), and Region ...
Impact of COVID-19 on Stand Up Pouches Market
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 Pouches Market is projected to grow from USD 10.5 billion in 2020 to USD 16.1 billion by 2026 at a CAGR of over 7.3% during the forecast period.
Stand-up pouches refer to suitable containers for liquid, solid, and powdered, and non-food items which assist the food to stay fresh for a long period of time. Polypropylene, polyesters, and metal foil are the materials that are used to make stand-up pouches or packets. These are lightweight material which is easy to handle that are extensively utilized in the food and beverages industry for products such as tea, coffee, sauces, and candies.
Key players operating in the stand-up pouches market are-
The increasing adoption of packaging due to their features such as spouts and tear notches, zippers, or sliders, among others provide greater convenience and functionality are some of the key factors bolstering the market growth. Also, rising consumer inclination towards stand-up pouches and the surging demand for packaged goods owing to its aesthetic appeal, convenience, and several value-added features and limited requirement of material, shipping, and transportation costs escalate the stand-up pouches industry growth.
By type, the stand-up pouches market has been classified into the standard, aseptic, retort, and hot-filled. Under these, the aseptic segment accounted for the largest market share in 2020. The aseptic stand-up pouch is a sterilized packaging product that is utilized for packaging thermally sterilized products such as food, beverages, and pharmaceutical products, among others. In addition, commonly packaged products in aseptic stand-up pouches consist of ice-cream mixes, yogurt, fruit juices, baby food, and salad dressings among others, thus augmenting the segment growth.
By region, the market in North America accounted for a significant market share in 2020 and is projected to grow at a significant CAGR during the assessment period. This is mainly ascribed to strong demand for packaged food such as ready-to-eat meals, along with the growing popularity of stand-up pouches due to portability, their shelf readiness, lightweight, and less material usage, when compared to rigid packaging products, is likely to propel the market growth over the assessment period.
The COVID-19 outbreak moderately affected the growth of the stand-up pouches market. 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 pouches market hopes to have the greatest opportunity to convert-
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The stand-up pouches market size is expected to reach USD 16.1 billion in the coming years.
Amcor plc (Switzerland), Mondi plc (UK), Sealed Air Corporation (US), Sonoco Products Compa-ny (US), Smurfit Kappa Group plc (Ireland), ProAmpac LLC (US), Swiss PAC USA (US), Winpak Ltd. (Canada), and Clondalkin Group, Inc. (Netherlands) are among the key players in the stand-up pouches market.
The stand-up pouches market is expected to witness an impressive growth of 7.3% CAGR in the foreseeable future.
The aseptic segment accounted for the largest share in the stand-up pouches market in 2020.
North America is expected to grow at a significant CAGR in the stand-up pouches market in the coming years.
Stand-Up Pouches distributors, Stand-Up Pouches suppliers, Stand-Up Pouches manufacturers, Logistics organizations, Government bodies are the target audience in the stand-up pouches market.