The stand-up pouch market is projected to grow at a CAGR of 7.51% to reach US$31.892 billion in 2024 from US$20.646 billion in 2018. Changing lifestyles around the world have boosted the market for packaged food & beverages, which is one of the most significant factors driving the growth of the stand-up pouches market. Stand-up pouches are considered the best form of flexible packaging and are widely used in the food and beverage industry. Stand-up pouches come with features, such as zipper closure, tear notches, hang-hole, and many more which are more attractive to the customers. Moreover, its standing feature with better shelf visibility also drives the demand for stand-up pouches. Along with its pleasant appearance and easy-to-handle features, reduced cost is also considered one of the key drivers for the stand-up pouch industry. These pouches are cost-effective as compared to other forms of packaging like glass or pet bottles which require more investment. Rapid urbanization and rising level of disposable income in developing countries like India, China, and Brazil are significantly boosting the demand for stand-up pouches, thus positively impacting the market growth during the forecast period. However, stringent regulations regarding the disposal of plastic waste are restraining the growth of the global stand-up pouches market.
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, and ProAmpac among others.
Segmentation
Global Stand up Pouch Market has been analyzed through the following segments: