Stand-Up Pouches Market is projected to Register a CAGR of 5.4% during 2018-26
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Stand-up pouches are suitable to pack solid as well as liquid products which, in turn, diminishes the growth prospects of rigid packaging products. The evolution of pouch formats will create new growth horizons in the global stand-up pouches market. Companies are also focusing on shift packaging of their products from rigid to flexible packaging products in order to reduce raw material and transportation costs due to the overall reduction in the weight of the package. Stand-up pouches are 4-5 times lighter than metal cans which results in low packaging weight and cost of products.
Cost advantages of stand-up pouches over metal cans fuel the growth of the flexible packaging market
Major manufacturers of stand-up pouches are present in North American and European regions. Companies are focusing on introducing innovative stand-up pouches to gain consumer attention and increase the shelf life of the products. Stand-up pouches offer a larger surface area to be printed and enhance the visibility of the product at the point of purchase. The growing inclination of brand owners and consumers towards stand-up pouch packaging will create immense growth opportunities for existing manufacturers as well as new entrants in the global stand-up pouches market. Considering high growth prospects in the stand-up pouches market, leading manufacturers are focusing on expanding their market presence by establishing new manufacturing facilities or exporting their products to almost each and every country located across the globe.
Emerging economies to create substantial growth opportunities in the global stand-up pouches market
It has been noticed that stand-up pouches are widely used in the food & beverages industry due to high suitability and better presentation of food & beverages at purchase point. The demand is growing at a much faster pace in the emerging economies of the Asia-Pacific and Latin America. China accounts for almost fifty percent of the demand in the Asia-Pacific region. Stand-up pouch manufacturers in China are formulating long-term growth strategies to expand the reach of their products in neighboring countries by offering low cost and average quality products. Stand-up pouches are primarily responsible for high growth in the flexible packaging industry.
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Among the different material types, LDPE material dominates the global stand-up pouches market
On the basis of material type, plastic accounts for the highest market share in the global stand-up pouches market due to its high-barrier properties and high suitability for printing applications. However, paper-based stand-up pouches are also gaining popularity in developed countries such as the U.S. and Germany, due to increasing restrictions on the use of plastic packaging products in these countries. Multilayer packaging films are generally used to manufacture stand-up pouches for high-barrier properties and longer shelf lives. Stand-up pouches are also gaining significant traction in the homecare end-use industry for the packaging of liquid soaps and detergents.
Round bottom or Doyen stand-up pouch most preferred for packaging of food & beverages products globally
On the basis of product type, aseptic stand-up pouches is the fastest growing category in the global stand-up pouches market due to the growing consumer demand for hygienic products. Other types of stand-up pouches such as retort and hot-fill pouches are also expected to grow at a high CAGR value in the developed countries such as the U.S., Germany, Italy, and France. On the basis of design type, round-bottom stand-up pouches are extensively used for the packaging of different products in the food & beverages and homecare industries. Doyen pouches dominate the market with a market share of almost a third of the global stand-up pouches market. On the basis of closure type, the demand for slider and zipper stand-up pouches will grow significantly due to consumer attraction towards products with easy-to-close or easy-to-open characteristics.
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