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Stand-up Pouches Market Size to Hit USD 20.12 Billion by 2026; Increasing Adoption of Sustainable Packaging to Stoke Demand, Says Fortune Business Insights™

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Pune, June 02, 2020 (GLOBE NEWSWIRE) — The global stand-up pouches market size is expected to gain momentum exhibiting a CAGR of 7.73% between 2019 and 2026. Factors such as increasing demand for sustainable packaging and rising preference for packaged food products is likely to propel the market growth during the forecast period. Fortune Business Insights, publish this information in its latest report, titled “Stand-up Pouches Market Size, Share & Industry Analysis, By Type (Aseptic Pouches, Standard Pouches, Retort Pouches and Others), By Materials (Plastics, Foils, Paper), By Closure Type (Top-notch, Spout, and Zipper) By Application (Food, Beverages, Beauty & Personal Care, Dogs & Cats food, Homecare Products and Others), and Regional Forecast, 2019-2026.” The reports further mention that the market was worth USD 11.13 billion in 2018 and is projected to reach USD 20.12 billion by 2026.
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What does the Report Include?The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. Moreover, the report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026. Drivers and Restraints:Increasing Demand for Sustainable Packaging to Promote GrowthThere is a huge demand for sustainable products that are recyclable, have lower operating costs, durable, and longer shelf life in the packaging industry. Stand-up pouches are flexible and light in weight that are manufactured from complete recyclable materials. Additionally, they being eco-friendly and extremely durable are gaining prominence in the packaging industry. Furthermore, increasing demand for sustainable products is likely to drive the global stand-up pouches market share during the forecast period. For instance, in May 2020, Accredo Packaging received the People’s Choice award at the Sustainability Innovation Awards program organized by Plastic Industry Association (PLASTICS). The company designed a complete polyethylene and fully recyclable stand-up pouch, AccredoFlex RP Gen2, which consists of over 25% of bio-based resin. Moreover, it is manufactures using wind and solar energy.Top-Notch Segment to Witness Significant GrowthThe Top-Notch segment based on (by closure type) is likely to gain momentum owing to its adoption in wide applications during the forecast period. The top-notch pouches are suitable to pack coffee beans, store dry fruits, and ensure long shelf life of nuts and cookies. Spout pouches segment, on the other hand, will witness significant growth owing to demand for water, juices, and daily liquid soaps across the globe.Regional Analysis:North America to Remain Dominant; High Demand for Ready-to-Eat Products to Surge DemandAmong the regions, North America was worth USD 1,299.45 million in 2018 and is likely to register highest global stand-up pouches market revenue during the forecast period. This is ascribable to factors such as high-demand for ready-to-eat food products owing to hectic lifestyle among the population. Europe, on the other hand, is anticipated to witness exponential growth backed by increasing launch of novel products by the manufacturers in the region. The market in the Asia-Pacific is expected to witness significant growth owing to increasing demand from food processing industry and rising retail market between 2019 and 2026.Competitive Landscape:Product Expansion Strategies by the Companies to Aid GrowthFortune Business Insights through its detailed analysis reports that the market is fiercely competitive and the companies operating are striving to gain major chunk of the global stand-up pouches market share during the forecast period. For instance, in May 2020, Parikh Flexibles, a part of the Constantia Flexibles Group consortium, announced its purchase of Expert K5 1350mm machine that will be installed at the Ecoflex facility in Ahmedabad, India. According to the company, the machine is capable of manufacturing fully recyclable and sustainable packaging solution as an efficient replacement for aluminum foil.
List of the Key Companies Operating in the Stand-up Pouches Market are:Amcor plcMondi plcSealed Air CorporationThe Smurfit Kappa Group plcBemis Company, Inc.Sonoco Products CompanyCoverisProAmpacHuhtamäki OyjBerry Global, Inc.OthersIntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Industry TrendsOverview of Global Stand-up Pouches ProductionGlobal Stand-up Pouches Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By TypeAseptic pouchesStandard pouchesRetort pouchesOthersMarket Analysis, Insights and Forecast – By MaterialPlasticsFoilsPaperMarket Analysis, Insights and Forecast – By Closure TypeTop-notchSpoutZipperMarket Analysis, Insights and Forecast – By ApplicationFoodBeveragesBeauty & personal careDog & Cat foodHome care ProductsOthersMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia pacificLatin AmericaMiddle East & AfricaTOC Continued…!!!

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About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.
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