PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299758
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299758
Stand-up pouches market size was valued at USD 23,702.6 Million in 2022, expanding at a CAGR of 8.4% from 2023 to 2030.
Stand-up pouches are ideal containers for liquid, solid, powdered, and non-food items that help the food to stay fresh for a long duration of time. Additionally, materials that are used to make stand-up pouches or packets include polyesters, polypropylene, and metal. Stand-up pouches are becoming more popular among retailers, consumers, traders, and producers as they are recyclable, have a longer shelf life, low weight, have lower transport cost, easy to use, Moreover, in the packaging industry these pouches are one of the most trending product owing to its lightweight and flexibility.
Increasing demand for packaged goods and increasing preference for stand-up pouches by consumers owing to various factors such as several value-added features, convenience, and aesthetic appeal, is projected to drive the stand-up pouch market demand. However, price fluctuation in the raw material and implementation of stringent government regulations are major factors hampering the market growth over the forecast period.
Moreover, larger shipping convenience as compared to rigid bottles & aluminum, glass jars, increasing demand for single-serve meals and on-the-go snacks, change in consumer preference, attractive packaging, and surge in disposable income affect the stand-up pouches market positively. Furthermore, the growing popularity of stand-up pouches in emerging economies and alcohol packaging offers lucrative opportunities to the stand-up pouches market. The COVID-19 pandemic had adversely affected the stand-up pouches market. In the early stage of the pandemic, product sales were disrupted due to the disruption in the supply chain. Additionally, the shutdown harmed the packaging producers that further impacted the stand-up pouches industry.
The global stand-up pouches market is segmented on the basis of material, type, closure, application, and region.
The market is divided into four categories based on material: plastic, paper, metal, and bioplastic. The plastic sector is expected to dominate the market. Plastic is majorly used for manufacturing laminates and films that are extensively used for manufacturing stand-up pouches.
The market is divided into four categories based on type: standard, aseptic, retort, and hot-filled. The aseptic sector is likely to maintain its dominance during the forecast period. It is a sterilized packaging product utilized for packaging thermally sterilized products such as beverages, pharmaceutical products, and food. Additionally, it also offers a longer shelf-life product that contains no-to-less preservatives.
The market is divided into three categories based on the closure: tear notch, zipper, and spout. The tear notch sector is expected to possess the market share owing to its growing demand for single-serve packs, ready-to-eat meals, and smaller portion packages.
The market is divided into five categories based on application: food & beverages, pet food, healthcare, personal care & cosmetics, homecare, and others. The food & beverages sector is estimated to hold the largest share. The rising use of stand-up pouches in packaging food products including breakfast cereals, gourmet products, ready-to-eat meals, grains, frozen fruits, and vegetables is anticipated to boost the segment growth.
The increase in demand for packaged food and beverages has resulted in increase in health consciousness and increasing per capita income thus increasing the demand for stand-up pouches. Additionally, rising demand for packaged food products owing to an improvement in living standards, increased westernization, and a preference for convenience foods. Various manufacturers provide pre-made stand-up pouches as well as provide customization in terms of shape, material, size, and value-added features. Moreover, key players are adopting various strategies to enlarge their business including partnerships among others to gain a competitive advantage, new product developments, mergers & acquisitions, and R&D spending. For instance, in August 2022, Flexible Pouches, a California-based packaging company introduces clear stand-up pouches to maintain the food quality and present food in the most appealingly.
This proposed research study on stand-up pouches market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for stand-up pouches market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the stand-up pouches market.
Impact of COVID-19 on stand-up pouches market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on stand-up pouches market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the stand-up pouches market, we have also included competitive landscape and key innovator analysis for the stand-up pouches market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the stand-up pouches market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global stand-up pouches market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
The scope of this report covers the market by its major segments, which include as follows: