Global Stand-up Pouches Market 2016-2020
About the Stand-Up Pouches Market
Pouches are made of flexible or easy-yielding materials, which can easily change shape based on the nature of the product being packaged. Pouches undergo a detailed conversion process that includes printing, lamination, coating, and extrusion. A stand-up pouch contains various features to make it stand out from other type of pouches, such as zippers, spouts and fitments, slider closures, pour spouts, and release valves.
Packaging not only protects products from spoilage, but also improves the overall aesthetic appeal of the product, providing essential information about the product, maintaining the freshness of food and beverages, and providing convenience for consumers in terms of handling or carrying the product. Stand-up pouches are gaining popularity in the market as they are lightweight and use less material, which reduces transportation costs. In addition, these pouches can make a product stand out through high-quality graphics and extra space provided for vendor to give specifics about the product.
Technavio’s analysts forecast the global stand-up pouches market to grow at a CAGR of 8.78% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global stand-up pouches market for 2016-2020. The market revenue is calculated on the basis of vendors offering stand-up pouches in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Stand-Up Pouches Market 2016-2020
Technavio recognizes the following companies as the key players in the global stand-up pouches market: Amcor, Bemis, Berry Plastics, Mondi, and Smurfit Kappa.
Other Prominent Vendors in the market are: Ampac Holdings, Bischof+Klein, Clifton Packaging, Clondalkin, Coveris, Elliot Packaging, Essentra PLC, Hood Packaging, PrintPack, ProAmpac, Sappi Ltd., Sealed Air, Sonoco, and Winpak.
Commenting on the report, an analyst from Technavio’s team said: “One trend which is helping to boost market growth is the increased demand from the non-food and beverages sector. Non-food manufacturers are increasingly using stand-up pouches for agriculture-based products, like plant fertilizers. They are also used for medicines, cosmetics, and detergents. These pouches are strong and have high barrier properties, ensuring product safety. For instance, Glenroy and Lube-Tech introduced stand-up pouches to package Arctic Cat's high-performance synthetic oil blend, entering the power sports industry in the US. Paints are also packaged in stand-up pouches fitted with handles so that the paint can be poured safely. An instance of this is Coldec's Paletto Mix & Shake bag.”
According to the report, a key growth driver is the increased demand for processed and packaged food. One of the major drivers in the stand-up pouches market is the increase in the demand for packaged food and beverages from consumers across various developed and developing countries. The global packaged food market is expected to reach about $3 billion, growing at a CAGR of around 5% during the forecast period. With economic conditions improving in many developed countries and with consumers' disposable income increasing in developing countries such as China, India, Brazil, and Saudi Arabia, the demand for packaged food and beverages has been increasing. This has increased demand for packaging solutions and products.
Further, the report states that one challenge that could restrict market growth is increased competition from rigid packaging.
Amcor, Bemis, Berry Plastics, Mondi, Smurfit Kappa, Ampac Holdings, Bischof+Klein, Clifton Packaging, Clondalkin, Coveris, Elliot Packaging, Essentra PLC, Hood Packaging, PrintPack, ProAmpac, Sappi Ltd., Sealed Air, Sonoco, Winpak.