Stand-Up Pouches Market to register a CAGR of 5.4% by 2026

Transparency Market Research (TMR) estimates, the stand-up pouches market to be highly competitive in their study. The key players in the market are facing cutthroat competition due to the presence of a large number of players in the market. Further, growing demand for the stand-up pouches coupled with widening its usage across numerous industries for its recyclability and eco-friendly nature are propelling its demand across numerous industries. The industries such as food & beverages, pet food packaging, and baby food packaging are pushing the demand for the stand-up pouches.

Thanks to these applications, the market is expected to swell with a CAGR of 5.4% over the forecast period 2018 to 2026, analysts at TMR estimated. Regionally, the Asia Pacific dominated the global stand-up pouches market in 2017 by holding more than 33% of the overall shares in the year 2017.