The global stand-up pouches market size is expected to reach USD 20.12 billion by 2026, due to the increasing demand for packaged food and beverage products worldwide. Also known as doypack, stand-up pouches are flexible packaging, which has a base below for standing capability. According to this report, the market was USD 11.13 billion in 2018 and will exhibit a CAGR of 7.73 % during the forecast period set between 2019 and 2026.
Information source:
https://www.fortunebusinessinsights.com/stand-up-pouches-market-102585
Report Highlights
- A comprehensive overview of the market with growth parameters such as drivers, restraints, and challenges
- Competitive landscape, list of key players, and their key strategies to enjoy the dominant position
- Current stand-up pouches market trends, key industry developments, and other interesting insights into the market
- Table of segmentation based on factors such as type, material, closure type, application, and geographies.
Market Drivers
Rising Popularity of on-the-go Snacking is Augmenting Growth
Increasing demand for snack food items is a significant factor in promoting the stand-up pouches market growth. This, coupled with the increasing demand for on-the-go snacking that can be re-sealed, is also aiding to the expansion of the market.
