The global stand-up pouches market is anticipated to continue witnessing substantial growth in the years to come. Rising demand for packaged foods and beverages is projected to drive the market over the forecast period. Also called as doypacks, these pouches are more flexible and sustainable packaging solutions than plastic bags and metal cans.
Stand-up pouches offer multiple advantages such as improved barrier properties that protect food products from physical and environmental hazards. This makes them ideal for storage as well as transport. This is anticipated to further propel product demand in near future. These pouches are made from various layers of aluminum, plastic, and other materials. They are available in customizable shapes and sizes. Furthermore, their low weight reduces transportation costs by reducing weight of the overall packaging. All these factors are anticipated to bode well for market growth in the forthcoming years.
On the basis of product type, the global stand-up pouches market can be segmented into aseptic, standard, retort, and hot-filled pouches. Aseptic segment is anticipated to dominate the overall market in terms of revenue over the forecast period. Unique properties such as sterility and ability to retain nutrients of the packaged products can propel the product demand. Furthermore, the aseptic pouches offer extend shelf lives of products that have less-to-no preservatives. These products are predominantly used in food and beverages and pharmaceutical industries.
In terms of form, the global market can be segmented into round bottom, rollstock, K-style, plow/folded bottom, flat bottom, and others. Round bottom stand-up pouches are popularly used across several application industries as they are ideal for packaging products weighing less than one pound. K-style is the second most popular segment after round bottom pouches. These are ideal for packaging products that weigh above one pound. The form of these products supports higher volume packaging as the seal on both sides offers better support. This factor is projected to drive the product demand in near future.
Stand-up pouches are available in three closure types, namely, top notch, zipper, and spout. Top notch pouches dominated the global market in the past due to the ease of usage and reclosability. In terms of application, the global market can be segmented into food and beverages, cosmetics and toiletries, healthcare, and others. The others segment can be further categorized into oil and lubricants, agricultural products, and paints. Growing demand for packaged foods and beverages is one of the key factors resulting in the dominance of this application segment on global scale.
Among regions, Asia Pacific is projected to account for the largest market share owing to rising disposable incomes and changing consumer lifestyles. High demand for convenience and packaged foods can further fuel the regional market growth over the forecast period.
Key vendors operating in the stand-up pouches market are undertaking various business strategies such as facility expansions through higher investments to expand their business operations and reach, globally. Some of the key vendors include Mondi Plc; Amcor Limited; Sealed Air; Bolloré Group; Sonoco Products Company; Smurfit Kappa; COVERIS; Huhtamaki; Berry Global Inc.; and Tekpak Solutions.
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