Global Stand-Up Pouches Market Business Overview, Challenges, Opportunities, Trends and Market Analysis By 2022
Market Overview
The expansion of packaging industry is leading to the development of innovative packaging solutions in the global market. The report published by Market Research Future (MRFR) states that the global Global Stand-Up Pouches Market is marked to exhibit notable expansion at a CAGR of 7% during the forecast period of 2016-2022.
Segmentation
Global Stand-Up Packaging Market has been segmented on the basis of material, type, application, and region. On the basis of material, the market has been segmented into plastic, metal, paper, and others. On the basis of type, the market has been segmented into aseptic, standard, and retort. Whereas, on the basis of application, the market has been segmented into food & beverages, healthcare, personal care, and others.
Key Players
The key players of Global Stand-Up pouches market are Amcor Ltd. (Australia), Berry Plastics corporation (U.S.), Ampac Holdings, LLC (U.S.), Clondalkin Group (Netherlands), Sealed Air Corporation (U.S.), Astrapak Limited (South Korea), Bemis Company Inc. (U.S), Coveris Holdings S.A. (U.S.), Mondi Plc. (Austria), Sonoco Products (U.S.) and others.
Regional Analysis
North America has growing infrastructure facilities to support food packaging industries which further drives the standup pouches market. Asia Pacific accounts for more than 60% share of Global Stand-Up pouches market due to rising demand for ready to eat or convenience food. Increasing population, as well as growing middle-income groups, are positively influencing the demand for Global Stand-Up pouches. Moreover, the increasing the purchasing power and disposable income of consumers is expected to drive the overall growth of the Global Stand-Up pouches in the Asia-Pacific region.
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