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.
The stand-up pouch valves market is growing because more people are buying packaged foods because they want to live in a way that is easy and good for the environment. Better package features that work for people of all ages, like safety and choking resistance for kids and simplicity of use and carrying for adults, have increased demand for the product. Also, perks like allowing kids to feed themselves, controlling the flow of the product, and being able to reseal it for multiple uses have helped it reach more people.
Changes in food consumption patterns, such as a growing preference for fruit juices and other liquid diets, have affected the market for stand-up pouches with spouts. Better shelf life, longer-lasting food, and a more appealing look will all help people want to buy the product. Experts in the field say that the worldwide packaged food market was worth more than $2.5 trillion in 2016. The food packaging industry will continue to grow as the world's population grows and more people want food. According to the United Nations, there were over 7.4 billion people living in the world in 2016, and that number is expected to rise to more than 9.8 billion by 2050.
The rise of aseptic packaging, which is used to keep food and drugs sterile, will increase the demand for spout packaging. Also, the fact that fewer CO2 emissions are emitted during manufacture and that more packages may be delivered per truckload are two of the main reasons why end-user industries want the product.
| 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 |
More use of packaging raw materials that have less of an impact on the environment in the pharmaceutical and industrial sectors will boost product demand. However, the demand for stand-up pouch spouts may be hurt by the fact that there are a lot of alternatives, such as corrugated boxes and rigid containers, and that package design changes often. Also, the costs of raw materials like polyethylene and polypropylene are changing since crude oil prices are quite unstable.
Stand-Up Pouch Valves Market Analysis
In 2016, corner valves made up more than 70% of the total market. The product's leak-proof construction, ease of re-closing, and better pouring position are some of the main reasons why people want it. The side-pouring position of liquid items, which keeps the package clean in case of spills, is expected to increase the size of the sector. Better filling space than regular packaging with the same outside dimensions is a crucial aspect that makes products more popular.
The market for front valves will expand by more than 7% by 2024. The fact that people are more interested in front valve items since they look more modern and don't tilt when you pour them, compared to corner segment products, has increased the range of products available. The need for packaging made from a single feedstock to lower production costs is growing, which will create new chances for product demand.
Form fill seal technique accounted for more than 45% of the stand-up pouch valves market share. Multi-purpose mechanism including package production, filling and sealing is among major factor fuelling the industry demand. The aseptic technique permits complete product sterility to be achieved by separately sterilizing each component used in the process, resulting in an integrated sterilized product.
Preform technique will witness revenue growth over 8.5% up to 2024. Increasing popularity for premade packages due to its streamline operations that increase output by 50% will enhance industry expansion. Inclusion of high speed spout filler and rotary filler in the filling machinery is further expected to create new opportunities for product development. The technique fills & seals premade pouches, without requiring an extra roll stock line as compared to form fill seal technique. Thereby, time and cost saving feature of the technique is expected to boost stand-up pouch spouts market size.
Stand-up pouch spouts market with aluminium seal will witness gains at over 6.5% up to 2024. Rising demand for superior barrier capabilities including sealed packaging products enabling effective protection of the inside product from moisture and air will support product demand. Comprehensive application scope including energy drinks, dietary supplements and other pharmaceutical products will propel stand-up pouch spouts market size. In addition, essential hygiene achieved as confined by several regulatory bodies is expected to positively influence product penetration.
Stand-up pouch spouts market without aluminium seal is anticipated to value over USD 500 million by 2024. High adoption of without aluminium seal products particularly in industrial and household care applications due to lesser focus on sterility and freshness of package content will drive product scope. Moreover, cost efficiency due to savings from no seal attachments and additional replacement seal cost are the other key factors driving industry share.
Food & beverages accounted for more than 55% of the global stand-up pouch spouts market share. Shifting trend towards ready to eat food products due to changing lifestyles and food habits have enhanced the product demand. Increasing stand-up pouch spouts adoption for baby food, sauces, semi liquid and pasty food products will propel the industry growth.
Household & personal care will witness growth over 7% up to 2024. Increasing consumer spending on household care products will propel product demand. Customized design, high barrier, convenience in handling along with ease in dispensing are key factors fuelling product demand.
Asia Pacific stand-up pouch spouts market will witness CAGR over 7% up to 2024. Expansion in food & beverages and personal care industry due to increasing consumer spending will propel the regional demand. Increasing consumer preference for cost-efficient, convenient and small sized packaging solutions due to growing number of nuclear families will support industry growth.
Europe stand-up pouch spouts demand is anticipated to generate more than 7 billion units by 2024. Rising demand for easy to pour and small packaging solutions will support regional demand. Rapid replacement of flexible packaging from rigid containers has further encouraged product demand. Growing processed food industry due to increasing consumer demand for ready to eat food products will propel industry growth.
Stand-Up Pouch Valves Market Share
Global stand-up pouch valves market share is highly fragmented due to presence of large number of both multinational as well as regional companies. Growing competition between existing firms and new entrants is expected to encourage product innovations.
- Scholle IPN
- Pacificbag
- Swisspack
- Gualapack Group
- Amcor
- Smurfit Kappa
are among key industry players. Other prominent manufacturers include
- Wilk Group
- Liqui-Box
- Menshen
- Falakpack
- Edelpa
Mergers & acquisitions, collaborations, joint ventures, long term agreements and supply contracts to expand consumer base are among key strategies adopted among industry players. For instance, in 2017, Italian based Gualapack Group entered into an agreement with the U.S. based packaging dispenser provider, Aptar Group to produce premade no-spill spout solutions.
Industry Background
Rising demand for supporting features including high durability, moisture resistance and low CO2 released during production as compared to conventional packaging has enhanced product demand. Furthermore, product innovations and extensive research & development have enabled sustainable and environment friendly solutions with reduced material wastage. Reduced plastic consumption and high-speed production have further enhanced the flexible packaging demand.
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy