Stand-Up Pouch Market is Estimated to Rise at a CAGR of 6.8%
New research from Transparency Market Research (TMR) found that the value of the global stand-up pouch market stood at $4.5 billion in 2021. The global market is expected to develop at a CAGR of 6.8% during the forecast period, from 2022 to 2026. The sales forecast for stand-up pouches expects the market to surpass a valuation of $6.3 billion by 2026. The global stand-up pouch market is expected to expand as the beverage, food and healthcare industries flourish throughout the world. Furthermore, manufacturers and consumers are transitioning from conventional packaging solutions toward flexible packaging options like stand-up pouches due to their multiple advantages, according to the study.
TMR says that stand-up pouches are quite popular nowadays since they fit into today's practical lifestyle. The steadily growing intake of packaged and ready-to-eat food products, as well as increasing concerns and understanding about the use of sustainable stand-up pouch packaging, are all contributing toward the market's development.