12.28.17
MarketsandMarkets’ report, “Stand-up Pouches Market by Type (Aseptic, Standard, Retort, Hot-filled), Form (Round Bottom, Rollstock, K-Style, Plow/Folded Bottom, Flat Bottom), Closure Type (Top Notch, Zipper, Spout), Application, and Region - Global Forecast to 2022,” estimates the stand-up pouches market at $36.58 billion in 2017, and is projected to reach $51.69 billion by 2022, at a CAGR of 7.2%.
Rising demand for packaged food coupled with the cost-effectiveness of this flexible packaging solution drive the demand for stand-up pouches. Furthermore, increase in demand from end-use industries, and aesthetic appeal of stand-up pouches further boosts its market growth.
Based on form, the round bottom segment is projected to grow at the highest CAGR during the forecast period. This is attributed to the increasing use of round-bottom stand-up pouches for packaging lightweight products.
Based on closure type, the spout segment is expected to grow at the highest CAGR between 2017 and 2022. This is attributed to its ease of opening and closing, convenience in dispensing, and increasing demand for packaging liquid products.
Asia Pacific accounted for the largest share of the stand-up pouches market in 2016. Among all countries in the Asia Pacific region, the stand-up pouches market in China is projected to grow at the highest CAGR during the forecast period. The North American market is expected to grow at the second-highest CAGR between 2017 and 2022, with the US registering the highest growth rate in the region.
Key players operating in the stand-up pouches market include Amcor (Australia), Bemis Company (US), Berry Global Group (US), Mondi (Austria), Sonoco (US), Sealed Air (US), Coveris (UK), ProAmpac (US), Smurfit Kappa (Ireland), and Huhtamaki (Finland).
Rising demand for packaged food coupled with the cost-effectiveness of this flexible packaging solution drive the demand for stand-up pouches. Furthermore, increase in demand from end-use industries, and aesthetic appeal of stand-up pouches further boosts its market growth.
Based on form, the round bottom segment is projected to grow at the highest CAGR during the forecast period. This is attributed to the increasing use of round-bottom stand-up pouches for packaging lightweight products.
Based on closure type, the spout segment is expected to grow at the highest CAGR between 2017 and 2022. This is attributed to its ease of opening and closing, convenience in dispensing, and increasing demand for packaging liquid products.
Asia Pacific accounted for the largest share of the stand-up pouches market in 2016. Among all countries in the Asia Pacific region, the stand-up pouches market in China is projected to grow at the highest CAGR during the forecast period. The North American market is expected to grow at the second-highest CAGR between 2017 and 2022, with the US registering the highest growth rate in the region.
Key players operating in the stand-up pouches market include Amcor (Australia), Bemis Company (US), Berry Global Group (US), Mondi (Austria), Sonoco (US), Sealed Air (US), Coveris (UK), ProAmpac (US), Smurfit Kappa (Ireland), and Huhtamaki (Finland).