A recent report published by Infinium Global Research on stand-up pouches market provides an in-depth analysis of segments and sub-segments in the global as well as regional stand-up pouches market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional stand-up pouches market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global stand-up pouches market. According to the report, the global stand-up pouches market is projected to grow at a CAGR of 5.47% over the forecast period of 2019-2025.
The packaging industry is growing steadily as the demand from various industries in increasing. The technological advances have given birth to many new products in the industry. Stand-up pouches are one of the innovative products that are flexible and are used to pack various items. Stand-up pouches market is consolidated in nature, where the few major players in the market control a large part of the market share. The key players in the market are focusing on merger and acquisition strategies for the expansion of their businesses. Recently, in August 2018, Amcor acquired Bemis Company, making Amcor the leading consumer packaging company.
The increase in demand for packaged food is majorly driving the stand-up pouches market. The rapidly changing lifestyle and growing urbanization have changed the eating habits of the consumers. People tend to prefer packaged food rather than the food served in kitchen wears. Moreover, the shift in demand from rigid packaging to flexible packaging is expanding the demand for stand-up pouches. As technology advances, new materials and techniques for packaging are developed. Stand-up pouches are the product of that development that provides a flexible packaging solution. Furthermore, the improved barrier properties of the stand-up pouches are supporting the growth of the market. As compared to the conventional packaging, the stand-up packaging have better physical properties due to it's built and closure. However, the requirement of large production space and huge investment is the major restraining factor for the growth of the stand-up pouches market. Nevertheless, the rise in demand from various end-use industries is expected to offer lucrative opportunities for the key players in the stand-up pouches market.
In terms of region, North American generated the highest revenue for stand-up pouches, dominating the global market. The largest market share of North American attributed to the presence of the major players in the market and high demand for convenience and packaged food. Moreover, the presence of fast food chains and restaurants in the region is expected to boost the growth of the stand-up pouches market in North America.
The report on global stand-up pouches market covers segments such as product type, design, closure type, and application. On the basis of product type, the sub-markets include aseptic, retort, standard, and hot-filled. On the basis of design, the sub-markets include round bottom, k-seal, corner bottom, flat bottom, folded bottom, and reinforced bottom. On the basis of closure type, the sub-markets include top notch, spout, and zipper. On the basis of application, the sub-markets include food & beverages, agriculture, personal care & cosmetics, healthcare, and other applications.
The report provides profiles of the companies in the market such as Amcor plc, Sealed Air Corporation, Berry Global, Inc, Constantia Flexibles Group GmbH, Sonoco Products Company, Huhtamäki Oyj, Mondi Plc, Smurfit Kappa Group plc, TekPak Solutions, Coveris Management GmbH, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of stand-up pouches market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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