Stand-up Pouches Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Stand-up Pouches Market grew at a CAGR of 5.6% between 2017-2021 and is estimated to be US$ 12,436.8 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.0% and is expected to reach a valuation of US$ 20,258.2 Mn by 2032 end.
Stand-up pouches are a great alternative to conventional bag-in-box packaging since they can stand on shelves. Stand-up pouches are considered the best choice for stores and other general display needs in the retail industry since they are built with a bottom gusset, giving them self-standing strength. The new trend in food product packaging is the stand-up pouch, which has several typical characteristics such as a re-closable zipper, tear notches, bottom gussets, windows, and hang holes.
THE RISE IN DEMAND FOR ON-THE-GO SNACKS AND THE TREND TOWARDS CONVENIENT PACKAGING MEANS TO FUEL DEMAND
The ability to eat tiny amounts intermittently from a freestanding and re-closable packaging has made portable and portion-controlled snack packaging, including re-closable stand-up pouches, popular. As a result, the demand for snack foods is rising as consumers seek products that provide portion control, convenience, and mobility in addition to full meals’ healthiness and nutritional value.
Additionally, over the past few decades, food technology has advanced quickly, which has changed how consumers behave toward food. People favor healthful, portable, and handy portion-controlled sweets over meals. The importance of “clean eating” and natural energy-boosting snacks is rising, driving demand. The preference for snacking over
THE FLEXIBLE NATURE OF STAND-UP POUCHES TO LOSE GRIP CAN RESTRAIN THE MARKET
Stand-up pouches are eye-catching for product display and can stand up in the corner or on the shelf. Unlike glass or metal cans, it does not affect the product contents inside the pouch, even if it falls. But when these pouches are filled, they stand tall. However, as the bag’s contents begin to empty, the pocket loses its ability to stand erect and tumbles to the ground. Long-term, this could provide a significant threat to the market.
SUSTAINABLE AND NEW FLEXIBLE PLASTICS PACKAGING SOLUTIONS
Manufacturers have been encouraged to create new packaging alternatives due to dynamic industry changes like introducing new regulatory initiatives. Manufacturers have made biodegradable and sustainable packaging choices that are safe and secure in response to growing environmental concerns about the usage of plastics for flexible packaging.
Manufacturers are looking into sustainable packaging options that use fewer resources and energy during production, save money on transportation costs, and increase the shelf life of products to ease cost pressure and preserve the integrity of product packages.
During the COVID-19 outbreak, personal care product sales significantly decreased. Supply chain disruption during the pandemic’s early phases affected product sales. The closure in China, one of the main producers of raw materials, hurt the packaging manufacturers.
However, consumption of packaged food items increased significantly. Unsurprisingly, a sizable percentage of consumers selected packaged food products such as ready-to-eat food, ready-to-cook food, and packaged meal components. The strong demand around the globe helped to mitigate the negative effects of COVID-19 on the market.
Market Segments Covered in Report
By Closure Type :
By Region and Country:
Why are aseptic pouches projected to ensure the most revenue during the forecast period?
The aseptic stand-up pouch is a type of sterilized packaging used to package products that have undergone thermal sterilization, including food, drinks, and pharmaceuticals. Yogurt, ice cream mixes, fruit juices, infant food, and salad dressings are a few products frequently packaged in aseptic stand-up pouches. Aseptic stand-up pouches provide items with little to no preservatives with a longer shelf life.
Why is the spout segment expected to expand the fastest during the forecast period?
Over the projected period, the spout closure category is anticipated to develop at the fastest rate. This closure includes a tube linked to the pouch and allows liquids and pastes to be poured through it. They provide several benefits, including simple opening and closing and easier product running into the bag.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
To improve their position in the market, the corporations have implemented a variety of organic and inorganic growth tactics. These top players used various growth methods, including new product development, joint ventures, acquisitions, and expansion, to broaden their product line, establish a stronger regional presence, and fulfill the rising demand for stand-up pouches in emerging nations.
Some of the key developments that have taken place in the Stand-up Pouches Market include:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Form, Type, Closure Type, Material, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.0%.
Demand for on-the-go snacks and the trend towards convenient packaging means fueling demand.
Major global Stand-up Pouches Market players are Sonoco Products Company, Amcor plc, ProAmpac, Mondi, Clondalkin Group, Coveris, Huhtamaki Group, Winpak Ltd., Smurfit Kappa, Sealed Air, Bischof+Klein, FLAIR Flexible Packaging Corporation, Glenroy, Inc., Hood Packaging Corporation, Uflex Limited
The flexible nature of stand-up pouches to lose grip can restrain the market
The Asia Pacific region is expected to account for the largest market revenue share in the Global Stand-up Pouches market.
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