The global stand-up pouches market size is expected to gain momentum exhibiting a CAGR of 7.73% between 2019 and 2026. Factors such as increasing demand for sustainable packaging and rising preference for packaged food products is likely to propel the market growth during the forecast period. Fortune Business Insights, publish this information in its latest report, titled “Stand-up Pouches Market Size, Share & Industry Analysis, By Type (Aseptic Pouches, Standard Pouches, Retort Pouches and Others), By Materials (Plastics, Foils, Paper), By Closure Type (Top-notch, Spout, and Zipper) By Application (Food, Beverages, Beauty & Personal Care, Dogs & Cats food, Homecare Products and Others), and Regional Forecast, 2019-2026.” The reports further mention that the market was worth USD 11.13 billion in 2018 and is projected to reach USD 20.12 billion by 2026.
Stand-up pouches have a long dating history as Louis Doyen, the CEO of Thimonnier, the French machine manufacturing company invented them in 1963. They are typically made of multiple layers of plastic, while the primary raw material used in their manufacturing is a polyethylene resin. Additionally, the resin involves granules of polyethylene that is considered the most common form of thermoplastic. Furthermore, they are new-age packaging options that are manufactured with several standard procedures and include tear notches, bottom gussets, hang holes, and re-closable zippers, among others.
What does the Report Include?
The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. Moreover, the report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.
Drivers and Restraints:
Increasing Demand for Sustainable Packaging to Promote Growth
There is a huge demand for sustainable products that are recyclable, have lower operating costs, durable, and longer shelf life in the packaging industry. Stand-up pouches are flexible and light in weight that are manufactured from complete recyclable materials. Additionally, they being eco-friendly and extremely durable are gaining prominence in the packaging industry. Furthermore, increasing demand for sustainable products is likely to drive the global stand-up pouches market share during the forecast period. For instance, in May 2020, Accredo Packaging received the People’s Choice award at the Sustainability Innovation Awards program organized by Plastic Industry Association (PLASTICS). The company designed a complete polyethylene and fully recyclable stand-up pouch, AccredoFlex RP Gen2, which consists of over 25% of bio-based resin. Moreover, it is manufactures using wind and solar energy.
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