Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 26.89 Billion | USD 53.99 Billion | 7.2% | 2023 |
According to a report from Zion Market Research, the global Stand-Up Pouches Market was valued at USD 26.89 Billion in 2023 and is projected to hit USD 53.99 Billion by 2032, with a compound annual growth rate (CAGR) of 7.2% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Stand-Up Pouches Market industry over the next decade.
Stand-up Pouches offer various benefits like enhanced aesthetic appeal, combined with various features including spouts, tear notches, and zippers or sliders, among others, which offers better functionality and convenience. Additionally, these pouches utilize less material, are lightly weighted as compared to various rigid packaging styles like glass bottles and metal cans and require less transportation and shipping costs, among others.
Increasing packaged goods demand and rising preference for stand-up pouches owing to several factors, like aesthetic appeal, convenience, and various value-added characteristics by consumers, are expected to propel market growth.
A stand-up pouch is a pliable format of packaging which can stand straight up for the purpose of display, use, and storage. These pouches offer better shipping convenience compared to glass jars, aluminum cans, and rigid bottles due to which they are being widely chosen by various manufacturers of consumer packaged goods (CPG). Increasing demand for single-serve meals and on-the-go snacks is further expected to propel product demand in the coming years.
It acts as a superior marketing instrument for packaged goods manufacturers since they offer the competence to individualize goods on retail shelves. Additionally, stand-up pouches have a bigger surface through which graphics can be printed with high quality in order to attract customers in supermarkets and convenience stores where people usually make fast purchase decisions.
Report Attributes | Report Details |
---|---|
Report Name | Stand-Up Pouches Market |
Market Size in 2023 | USD 26.89 Billion |
Market Forecast in 2032 | USD 53.99 Billion |
Growth Rate | CAGR of 7.2% |
Number of Pages | 188 |
Key Companies Covered | Amcor plc., Sonoco Products Company, Clondalkin Group, Mondi, Winpak Ltd., Huhtamaki Group, Coveris, Glenroy Inc., Smurfit Kappa, ProAmpac, Sealed Air, Hood Packaging Corporation, FLAIR Flexible Packaging Corporation, Bischof+Klein, and Uflex Limited, among others |
Segments Covered | By Material, By Type, By Closure, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Material Segment Analysis Preview
The plastic segment held a share of over 35.14% in 2023. Stand-up pouches are manufactured using an amalgamation of several plastic laminates or single plastic material. Plastic material is a durable, cost-effective, and lightweight material which it is widely used for manufacturing stand-up pouches.
The bioplastics material segment is expected to have the topmost growth rate in the coming years. The increasing environmental burden with respect to plastic waste is anticipated to grow bioplastics usage in the projected time thereby enhancing the development of this segment. The paper segment is widely being used for the production of stand-up pouches due to the rising focus on sustainability.
Application Segment Analysis Preview
Personal Care & Cosmetics Segment is projected to grow at a CAGR of around 4.1% from 2024 to 2032. Commonly packed products that are using stand-up pouches are skincare creams, shampoos, and solutions, among others. The convenience offered particularly while traveling, combined with increasing awareness with respect to personal grooming by stand-up pouches is anticipated to propel market growth.
Stand-up pouches are also used widely for packaging various home care products like laundry soaps, hand washing, fabric softeners, detergents, and toiletries, among others. Fixing sanitation and hygiene standards,s particularly in various developing countries is anticipated to encourage the growth of the home care segment.
Regional Analysis Preview
North America accounted for a share of over XX% in 2020. Factors including increased demand for packed food like ready-to-eat food, combined with the rising popularity of stand-up pouches due to their portability, lightweight, shelf readiness, and more minor material usage compared to packaging products that are rigid are anticipated to increase market growth over the coming years.
The Asia-Pacific region is estimated to grow at a CAGR of XX over the forecast period. Factors such as increasing demand for convenient packaging, changing lifestyles, and growing spending power of consumers are expected to produce the product demand over the coming years.
Some of the key players in the Stand-Up Pouches Market are
By Material
By Type
By Closure
By Application
By Region
FrequentlyAsked Questions
the stand-up pouches market was valued at USD 26.89 Billion in 2023.
The stand-up pouches market is expected to reach USD 53.99 Billion by 2032, growing at a CAGR of 7.2% between 2024 to 2032.
Some of the key factors driving the stand-up pouches market growth are flexible packaging, convenience in shipping, among others.
North America held a substantial share of the stand-up pouches market in 2023. Asia Pacific is expected to grow rapidly in the coming years.
Some of key players in Stand-Up Pouches market are Amcor plc., Sonoco Products Company, Clondalkin Group, Mondi, Winpak Ltd., Huhtamaki Group, Coveris, Glenroy Inc., Smurfit Kappa, ProAmpac, Sealed Air, Hood Packaging Corporation, FLAIR Flexible Packaging Corporation, Bischof+Klein, and Uflex Limited, among others.
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