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Stand-Up Pouch Valves Market Size
- Report ID: GMI2400
- Published Date: Feb 2018
- Report Format: PDF
Stand-Up Pouch Valves Market Size
Global Stand-Up Pouch Valves Market size was worth over USD 450 million in 2016 and will surpass 25 billion units by 2024.
Increasing consumer spending on packaged food products owing to shifting trends towards convenient and sustainable lifestyles are key factors driving stand-up pouch valves market growth. Improved packaging features to suit every age group, such as safety & choke resistance for children and ease in handling & carrying for adults has stimulated product demand. Also, benefits including self-feeding for children, controlled dispensing at desired flow, and reseal-ability for multiuse consumption have enhanced market penetration.
Changing food consumption trends including increased preference for fruit juices and other liquid diet has influenced demand for stand-up pouches with spouts. Improved shelf stability, extended food durability and aesthetic appeal will provide positive outlook for product adoption. As per industry experts, global packaged food industry was worth over USD 2.5 trillion in 2016. Increasing demand for food due to growing global population will further support food packaging industry growth. As per UNO, global population was estimated around 7.4 billion in 2016 and anticipated to surpass 9.8 billion by 2050.
Emergence of aseptic packaging to ensure sterilized packing specifically for food and pharmaceuticals will enhance spout packaging demand. Moreover, reduced CO2 emissions released during production process along with larger number of packages transported per truckload are among key benefits fuelling product demand among end-user industry.
| Report Attribute | Details |
|---|---|
| Base Year: | 2016 |
| Stand-Up Pouch Valves Market Size in 2016: | 450 Million (USD) |
| Forecast Period: | 2017 to 2024 |
| 2024 Value Projection: | 900 Million (USD) |
| Historical Data for: | 2013 to 2016 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 398 |
| Segments covered: | Product, Technique, Seal Material, End-Use, and Region |
Enhanced adoption of low environment impacting packaging raw materials for pharmaceutical and industrial applications will support product demand. However, presence of large number of substitutes including corrugated boxes and rigid containers along with frequent innovations in packaging design may hamper the stand-up pouch spouts demand. In addition, raw materials including polyethene and polypropylene are observing variable price trends, owing to highly volatile crude oil prices.
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Stand-Up Pouch Valves Market Scope
