Stand-up pouches: Key market research findings
- Growing demand for processed and packaged foods boosts market growth
- APAC dominates the market geographically
- Key vendors – Amcor, Bemis, Berry Plastic, Mondi, and Smurfit Kappa
Technavio’s market research analysts predict the global stand-up pouches market to grow at a CAGR of almost 9% between 2016 and 2020. The demand for stand-up pouches spurs from the growing demand for processed and packaged foods across the globe. With economic conditions improving in many developed countries and with consumers’ disposable income increasing in developing countries such as China, India, Brazil, and Saudi Arabia, the demand for packaged food and beverages is increasing. This is resulting in an upsurge in the demand for packaging solutions and products. During 2015, APAC dominated the global stand-up pouches market by accounting for more than 58% of the overall market space. The rise in demand for flexible packaging products, including retort pouches, as a result of the growing population and the resultant increase in the consumption of ready-to-eat food and beverages, is expected to fuel growth in the stand-up pouches market in APAC during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the stand-up pouch segments based on the product type.
“The market is currently witnessing an increase in the adoption of retort and aseptic pouch packaging. Retort pouches are made from multiple layers of laminate and are used to ensure sterile packaging of various foods and beverages. These pouches are designed without any caps or closures. Besides, this packaging provides greater scope for new designs and sizes to be created, and can be customized based on the demand from consumer goods manufacturers. Aseptic packaging refers to the packaging of sterile products in pre-sterilized containers in an aseptic external environment, to ensure that the products remain contamination-free for long periods,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
By 2020, the aseptic stand-up pouches segment will account for almost 53% of the market’s revenue to continue its dominance as the primary revenue generator in the global stand-up pouches market. This market has two major end-users, the food and beverages industry and healthcare industry. The healthcare sector dominates the market owing to the numerous applications of aseptic packaging in the medical sector. For example, cardiovascular implants are packed in pouches made from a combination of polyethylene and Tyvek, or nylon and Tyvek.
The key vendors in the global stand-up pouches market include Amcor, Bemis, Berry Plastic, Mondi, and Smurfit Kappa. This market is extremely fragmented because of the presence of several domestic and international vendors. Intense competition prevails in the market where the vendors compete on the basis of product differentiation, portfolio, and pricing. The increase in demand for convenience and packaged food across the globe has pushed vendors to come up with innovative, flexible packaging solutions.
A more detailed analysis is available in the Technavio report, Global Stand-up Pouches Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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