Stand-Up Pouches Market - Unveiling of New Design Formats to Unlock Lucrative Prospects

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Albany, NY -- (SBWire) -- 02/16/2019 --ResearchMoz.us has announced the addition of a report, titled "Stand-Up Pouches Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2026". The report on the global stand-up pouches market offers in-depth insights into consumption in end-use industries, prominent application areas, trends shaping the overall dynamic. The study also takes a closer look at untapped regional markets and factors bolstering revenues in developed markets.

The global stand-up pouches market is projected to rise at a steady single-digit CAGR during 2018–2026. The growing inclination of consumer goods companies toward flexible packaging formats from rigid packaging is a seminal aspect that has generated profound interest in stand-up pouches in various end-use industries. The use of these pouches confers substantial benefits to end users, most notable of which are less use of raw materials and reduced transportation costs.

The stand-up pouches market gained considerable growth momentum from the rising adoption of stand-up pouches for packaging food and beverages, particularly liquid products. The shift toward low packaging weight has also offered a large fillip to the demand for stand-up pouches. Rising uptake of this packaging in the beverages industry world over is propelling the expansion of the market.

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However, the demand for stand-up pouches suffers from a serious setback of recyclability concerns. Significant amounts of resins and packaging materials get unrecovered due to lack of recyclability, which has hampered the market's prospects. Nevertheless, packaging manufacturers are focusing on unveiling new design formats and bringing improvements in the existing ones. Moreover, extensive demand for aseptic stand-up pouches is a robust factor expected to fuel the expansion of the market.

On the regional front, Asia Pacific is expected to rise at an increasingly attractive rate during the assessment period. A large part of the growth momentum is driven by rising applications of stand-up pouches. Moreover, numerous manufacturers have in recent years shifted their attention toward leveraging latent potential of developing countries. China has emerged as the key production hub in this regard, bolstering the expansion of the regional market. On the other hand, Europe and North America jointly are expected to contribute the major share. In these markets, paper-based stand-up pouches are gathering steam, such as in the U.S. and Germany.

In the coming years, the global landscape is expected to witness considerable forces of consolidation. This is primarily due to rising interest of stalwarts in acquiring small companies. Large-sized manufacturers are also focusing on consolidating their geographic footprints, with an aim to garner higher shares in the global stand-up pouches market.

Some of the key players operating in the global stand-up pouches market are Coveris Holdings S.A., Sonoco Products Company, Berry Global Group, Mondi Group, Glenroy, Inc., and Amcor Ltd.

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