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Stand-up Pouches Market – Business Opportunities and Global Forecast to 2023

Newsroom by Newsroom
July 1, 2022
Stand-up Pouches Market – Business Opportunities and Global Forecast to 2023
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(EMAILWIRE.COM, July 01, 2022 ) The Stand-up Pouches Market size is estimated to be USD 20.1 billion in 2018 and is projected to reach USD 28.9 billion by 2023, at a CAGR of 7.5% during the forecast period. The rising demand for packaged food and the cost-effectiveness of this flexible packaging solution drives the demand for stand-up pouches. Furthermore, the increase in demand from end-use industries and aesthetic appeal of stand-up pouches further boosts its market growth.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=197698472

The round bottom segment is projected to account for the largest market share between 2018 and 2023.

The round bottom segment is projected to be the largest segment during the forecast period. Round bottom stand-up pouches are durable and render high stability to the product. This form of packaging is used commonly for lightweight products such as coffee, tea, sauces, and candies. Furthermore, they are considered as an ideal form of packaging for products that weigh less than a pound.

Food & beverage is projected to be the fastest-growing end-use industry in the market during the forecast period.

In the food & beverage industry, stand-up pouches are used widely in the packaging of sauces, pet food, ready-to-eat/frozen meal, candies, chocolates, snacks, dried fruits & nuts, and confectionery products. Stand-up pouches are made of highly sterilized materials that help in protecting the product from contamination, making them ideal for food & beverages packaging. These pouches are manufactured using multiple layered films that protect the contents from moisture, light, and odor and preserve the freshness of food & beverages. Tailor-made packaging in terms of unique shapes, styles, and designs is also one of the factors driving the demand for this packaging in the industry.

Don’t miss out on business opportunities in Stand-up Pouches Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=197698472

Browse in-depth TOC on “Stand-up Pouches Market”
166 – Market Data Tables
47 – Figures
191 – Pages

Asia Pacific is projected to account for the largest market share during the forecast period.

Asia Pacific is projected to dominate the stand-up pouches market between 2018 and 2023. The increasing demand for compact packaging solutions from highly populated countries such as India and China is driving the market in the region. The growing population in these countries widens the customer base for FMCG products and food & beverages, which, in turn, is projected to drive the market in the region. Factors such as industrialization, growing middle-class population, rising disposable income, changing lifestyles, and increasing consumption of packed products further boosts the demand for stand-up pouches in the region.

Key players operating in the stand-up pouches market include Amcor (Australia), Bemis Company (US), Berry Global Group (US), Mondi (Austria), Sonoco (US), Sealed Air (US), Coveris (UK), ProAmpac (US), Smurfit Kappa (Ireland), and Huhtamaki (Finland). Acquisitions, expansions, investments, and new product developments are some of the major strategies adopted by key players operating in the stand-up pouches market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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