Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Stand-up Pouches Market size is expected to reach $40.6 billion by 2028, rising at a market growth of 8.9% CAGR during the forecast period.
The Spout market is experiencing a CAGR of 9.7% during (2022 - 2028). It is because these types of pouches are typically used for water, drinks, dish liquid soap, and a variety of other products. They are employed for ready-to-pour items to prevent spills and uphold hygienic standards. When compared to rigid packaging, spouted pouches also known as fitting pouches are lighter, use less plastic, and contribute to fewer greenhouse gas emissions and fossil fuel usage.
The Round Bottom market acquired the maximum revenue share in the Global Stand-up Pouches Market by Form in 2021, thereby, achieving a market value of $13.5 billion by 2028. The favored method of containing and displaying goods around the world is this lightweight product packaging. Stand-up pouches are one of the most landfill-friendly, environmentally responsible, and economically advantageous containers on the market right now, and over the next years, it is expected to experience rapid growth.
The Cosmetics & Toiletries market is exhibiting a CAGR of 9.3% during (2022 - 2028). Shampoos, skin care creams, and solutions, among other items, are frequently packaged personal care & cosmetic products using stand-up pouches. Additionally, stand-up pouches are frequently used to package a variety of home care items, including hand soap, laundry soap, detergent, fabric softener, and toiletries.
The Standard market is leading the Global Stand-up Pouches Market by Type in 2021, thereby, achieving a market value of $15.2 billion by 2028. Standard stand-up pouches can be ordered with a wide range of extra features and advantages, such as pour spouts, release valves, slider closures, and a strong shelf presence. They also offer the substance inside them great clarity and superior barrier qualities.
The Paper & Bioplastic market would showcase a CAGR of 9.4% during (2022 - 2028). It is due to the increased emphasis on sustainability, paper is also frequently used for the production of stand-up pouches. While practically all bioplastics have a lower carbon footprint than traditional plastics during production, this does not mean that they are eco-friendly.
The Asia Pacific market dominated the Global Stand-up Pouches Market by Region in 2021, thereby, achieving a market value of $14.6 billion by 2028. The Europe market is experiencing a CAGR of 8.4% during (2022 - 2028). Additionally, The North America market would exhibit a CAGR of 8.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/stand-up-pouches-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Amcor Plc., Berry Global Group, Inc., Huhtamaki Oyj, Sonoco Products Company, Mondi Plc, Sealed Air Corporation, Smurfit Kappa Group plc, Coveris Management GmbH (Sun Capital Partners, Inc.), ProAmpac Intermediate, Inc. (Pritzker Private Capital) and Constantia Flexibles Group GmbH (Multi-Color Corporation)
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