Due to the increasing Oxygen absorber/Desiccant film use of round-bottom stand-up pouches for packaging lightweight products.Based on the closure type, the spout segment is expected to grow at the highest CAGR during the forecast period. This is attributed to its comfort of opening & closing, convenience in dispensing and rising demand for packaging liquid products. Furthermore, the increasing need for efficient packaging designs and growing demand for stand-up pouches drive the demand for spout closures.Based on an application the food & beverages segment headed the stand-up pouches market. With the consumers rising demand for products with longer shelf-life, dairy manufacturers are shifting toward packaging solutions that confirm maximum decontamination.The changing lifestyles have enhanced the market for packaged food & beverages, which is one of the most important factors driving the growth of the stand-up pouches market during the forecast period. The distinct features of stand-up pouches such as easy portability, lightweight, cost-effectiveness, and ease of handling further rise the growth of the market.
The market is also anticipated to be driven by its ability to decrease shipping expenses. In the developing countries, the growing demand for packaged food and beverages from consumers is also driving the growth of the market for stand-up pouches. The requirement of large production space and huge investment in raw materials required for the production of stand-up pouches are hindering the growth of the market.Asia Pacific stand-up pouches market is projected to grow at the highest CAGR during the forecast period. The increase in disposable income of individuals has led to an increase in demand for ready-to-eat products, which turns to contribute the growth barrier film of the stand-up pouches market in the Asia Pacific region. All other regions are following to contribute the growth in stand-up pouches market.
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