Rising demand for packaged foods & beverages coupled with the need for cost-effective packaging solutions drives the demand for standup pouches. Recycling of multilayer structure act as a challenge in the growth of the standup pouches market.
Based on type, the aseptic segment accounted for the largest share of the standup pouches market in 2016.
The aseptic segment led the standup pouches market in 2016; this segment is projected to retain its leading position through 2022. Aseptic standup pouches are gaining popularity due to the demand for long shelf life and their high seal integrity. The increasing adoption of aseptic stand-up pouches in dairy-based and ready-to-drink beverages further boosts demand. This is expected to be the fastest-growing segment during the forecast period as a result of the growing focus on protection of food from contamination.
Based on application, the food & beverages segment accounted for the largest share of the standup pouches market in 2016. Based on application, the standup pouches market has been segmented into food & beverages, healthcare, cosmetics & toiletries, and others. The food & beverages segment led the standup pouch market in 2016. With the consumers’ growing demand for products with longer shelf-life, dairy manufacturers are shifting toward packaging solutions that ensure maximum decontamination.
The Asia Pacific standup pouches market is expected to witness the highest growth during the forecast period. The Asia Pacific standup pouches market is projected to grow at the highest CAGR between 2017 and 2022. China dominated the Asia Pacific standup pouches market in 2016 and is projected to grow at the highest CAGR during the forecast period. The increase in disposable income of individuals has led to a rise in demand for ready-to-eat products, which, in turn, has contributed to the growth of the stand-up pouches market in the Asia Pacific region. Furthermore, the evolving retail landscape in China also indirectly supports the standup pouches market growth.
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