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Global stand-up pouch market will see an impressive year on year growth from 2017 to 2023

The recent study titled, “Global Stand-Up Pouch Market - Forecasts from 2018 to 2023” covers an in-depth analysis of the market on the basis of type, material, closure type, industry vertical and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the Global stand-up pouch market by type (bottom gusset pouches, flat bottom pouches, others), material (plastic, aluminum), closure type (zipper, spout), industry vertical (food and beverages, cosmetics and personal care, pharmaceutical, others) and geography (North America, South America, Europe, Middle East, and Africa, Asia Pacific). Stand-up pouches are considered as the best form of flexible packaging and are widely used in the food and beverage industry. Changing lifestyle and rising adoption of packed food and beverages is driving the market for stand up pouches during the forecast period. In addition, cost-benefit associated with stand up pouches coupled with increasing demand from end-user industry is further expected to drive the growth of the market in the coming years. 

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By material, the plastic segment is showing an impressive year-on-year increase, and this trend is expected to continue over our forecast period.

By material, plastic segment stand-up pouch is estimated to account significant market share and is expected to grow rapidly during the forecast period on account of expanding food and beverage industry and growing adoption of packed food and beverages. In addition, standing feature with better shelf visibility coupled with features, such as zipper closure, tear notches and hang-hole are more attractive to the customers which further drive the growth of the market for the segment during the forecast period.

The Asia Pacific is expected to account for a significant share in the market.

Asia Pacific stand-up pouch market is estimated to have a significant share in terms of both value and volume in the global market, while the region is further anticipated to grow during the forecast period on account of rapid urbanization and increasing disposable income in the region. In addition, growing beverage industry and growing product launches in the region also drive the growth of the market during the forecast period. Moreover, cost benefits associated with the adoption of stand up pouches also widen ups the growth opportunities for vendors and manufacturers in the coming years. 

Some of the major industry players profiled as part of the report are Amcor, Berry Global Group, Bemis Company Inc, Sonoco, The Dow Chemical Company, Smurfit Kappa, Sealed Air, Mondi, Coveris and ProAmpac.

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