Global Stand Up Pouches Market Players Focusing on Product Innovation and Expansion

A new report from Transparency Market Research (TMR), titled “Stand Up Pouches Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” provides a 360-degree view of the market. The research study compiles the latest insights on the market and evaluates the key trends shaping the global stand up pouches market.

According to the report, the global stand up pouches market will be driven by the several benefits associated with stand up pouches. Stand up pouches tend to reduce the cost of shipping and storing of products. A regular pouch is a container employed for carrying products. A stand up pouch is different from a conventional pouch, as the design of this pouch has a base that stands on its own and is called a ‘bottom gusset’. These pouches are very popular and are an extensively used form of flexible packaging.

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Stand up pouches are available in the market with user-friendly features such as tear notches, zipper enclosure, attractive billboards for labels and graphics, and hang-hole features. Stand up pouches are used in several industry verticals. However, they are majorly used in the food and beverages industry. Nevertheless, stand up pouches are also gaining popularity in other end-use segments.

By material, the global stand up pouches market is segmented into plastic, kraft paper foil, aluminum foil, or others. Sometimes, the material used to make stand up pouches can be a combination of the aforesaid materials. According to shape, the global stand up pouches market is divided into K seal, round bottom, and corner sealed. Some other styles of stand up pouches available in the market are box pouches, 3 side seal pouches, and tap and gland fitment. By pouch closure, the global stand up pouches market is divided into spouts and fitments, hooded sliders, sliders, press to close zippers, and others.

On the basis of region, the global stand up pouches market is segmented into Latin America, the Middle East and Africa, Europe, Latin America, and North America. Asia Pacific accounts for more than 50% of the global stand up pouches market due to the rising number of middle-class consumers in this region. Collectively, the Middle East and North Africa (MENA) and Latin America are expected to hold less than 15% of the global stand up pouches market by the end of the forecast period.

Players in the global stand up pouches market have adopted product innovation and expansion as their key strategies. The key players operating in the global stand up pouches market are Sonoco, Smurfit Kappa Group, ProAmpac, Winpak, The DOW Chemical Company, Hood Packaging, and Bemis Company.

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