London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the stand-up pouch market in Europe 2015-2019, which is expected to grow at a CAGR of 4.84% during the forecast period of 2014-2019.
The stand-up pouches market in Europe is predominantly driven by increased usage of stand-up pouches for products such as cosmetics, household products, and agricultural products. Moreover, the introduction of new features, such as spouts and fitments, zip seal closures, and pour spouts, and an increase in the adoption of stand-up pouches among manufacturers of beverages, will increase the volume sales of stand-up pouches.
“Vendors need to invest in new and upgrade existing production methods, equipment, and technologies to increase output capacity, especially in the beverage pouches segment where it needs to compete with high-scale can production,” says Faisal Ghaus, Vice President of Technavio.
“Vendors have to invest in high-speed machines. There is a high demand for flexible machines that are capable of producing a wide range of pouches with a short and easy changeover time.”
Key Market Drivers
- Increase in Applications of Stand-up Pouches
- Growth in Emerging Markets of CEE
- Demand for Single-serve and Small-sized Packs
- Growing Demand for Convenient Packaging
Key Market Trends
- Machinery Improvements
- Use of High Barrier Materials
- Introduction of New Features
- Adoption of Sustainable Stand-up Pouches
Key Market Vendors
- Amcor Ltd.
- Bemis Company Inc.
- Coveris Holdings SA
- Mondi plc
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
