Summary – A new market study, “Doypack ” has been featured on Wise GuyReports
Global Doypack Market is valued approximately USD 21.61 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.50% over the forecast period 2019-2026. Doypacks are also known as stand-up pouch, which is a flexible type packaging that is ideal to stand erect on its bottom for display, storage and for use. Doypacks are majorly utilize for carrying powders or ready-to-drink beverages. It can be found in both aspects’ plastic bags and plastic bottle characteristics. Doypacks has its bottom part gusseted to provide support for display or use. The global impact of COVID-19 will favor the growth of market over the upcoming period due to inherent properties of carrying ready-to-eat consumables or beverages along with preserving food with low possibility of contamination for long time duration. Due to its inherent properties, it has large application in food & beverages industries. The rise in demand for packaged food & beverages across the globe drive the growth of market over the forecast years. For instance: as per Statista, the worldwide sale of packaged food was account for approx. USD 2.47 trillion in 2016 and increased to approx. USD 2.64 trillion till 2019. Thus, rapid demand and sale of packaged food & beverage across the globe is propelling the growth of market over the forecast years. In addition, cost-effectiveness and increasing demand of Doypack in various end-use industries such as healthcare, cosmetics & toiletries is also expected to drive the market growth over the forecast years. However, presence of stringent government regulation across the various developed and developing economies are the factors hamper the market growth in the upcoming period.
The regional analysis of global Doypack market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid growth in demand for packaged food & beverages in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rapid growth in food & beverages industries in the region would create lucrative growth prospects for the Doypack market across Asia-Pacific region.
Major market player included in this report are:
Sealed Air Corporation
Sonoco Products Company
Smurfit Kappa Group plc
Swiss PAC USA
Clondalkin Group Holdings BV
Bemis Company, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:
PET (Polyethylene Terephthalate)
EVOH (Ethylene-vinyl Alcohol)
Food & Beverage
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Doypack Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers