- The key vendors in the stand-up pouches market in the US 2015-2019 are Amcor Ltd., Bemis Company Inc., Flair Flexible Packaging Corp. and Sonoco Products Company
London, 05 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the stand-up pouches market in the US 2015-2019. Increase in adoption by alcoholic beverage manufacturers is one of the key trends upcoming in this market. Many manufacturers opt for stand-up pouches to package alcohol, which is likely to boost the demand for stand-up pouches. The stand-up pouches market in the US 2015-2019 is expected to grow at a CAGR of 9.67% in terms of revenue during the forecast period of 2014-2019.
The stand-up pouches market in the US is expected to grow at a fast rate, predominantly driven by increased demand from non-food manufacturers to package cosmetics, household products, and agricultural products. Manufacturers and consumers prefer stand-up pouches as they are easily portable, lightweight, and cost less to transport. Also, the introduction of new features, such as spouts and fitments, zip seal closures, and pour spouts, and increase in adoption of stand-up pouches among alcoholic beverage manufacturers will increase the sales of stand-up pouches in the US.
“Many organizations in industries such as the food, beverages, and pet food are adopting these sustainable stand-up pouches over other conventional means of packaging,” says Faisal Ghaus, Vice President of Technavio Research.
“Sustainable stand-up pouches are eco-friendly, as they are non-toxic and biodegradable, and are generally made of paper. These pouches are efficient in protecting the integrity of the product inside.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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