Stratview Research delivers key insights into the global Stand-Up Pouches Market. According to Stratview Research, the market is segmented By Material (Plastic, Paper, Metal, Bioplastic), By Type (Standard, Aseptic, Retort, Hot-filled), By Application (Food Beverages, Pet Food, Healthcare, Personal Care Cosmetics, Homecare, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026.
According to the report, The Stand-Up Pouches Market is projected to grow from USD 10.5 billion in 2020 to USD 16.1 billion by 2026 at a CAGR of over 7.3% during the forecast period.
Segment Analysis
Type Trends
By type, the stand-up pouches market has been classified into the standard, aseptic, retort, and hot-filled. Under these, the aseptic segment accounted for the largest market share in 2020. The aseptic stand-up pouch is a sterilized packaging product that is utilized for packaging thermally sterilized products such as food, beverages, and pharmaceutical products, among others. In addition, commonly packaged products in aseptic stand-up pouches consist of ice-cream mixes, yogurt, fruit juices, baby food, and salad dressings among others, thus augmenting the segment growth.
Regional Trends
By region, the market in North America accounted for a significant market share in 2020 and is projected to grow at a significant CAGR during the assessment period. This is mainly ascribed to strong demand for packaged food such as ready-to-eat meals, along with the growing popularity of stand-up pouches due to portability, their shelf readiness, lightweight, and less material usage, when compared to rigid packaging products, is likely to propel the market growth over the assessment period.
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