Impact of Existing & Emerging Stand-Up on Flexible Plastic Pouches Market Industry

The global flexible plastic pouches market size is estimated at USD 53.7 billion in 2021 and is projected to reach USD 73.5 billion by 2026, at a CAGR of 6.5%, between 2021 and 2026. Flexible plastic pouches are single-use bags commonly made of plastic, metal foil, and paper. They are used for packaging everything from snack foods to industrial liquids and are commonly found on supermarket shelves across the globe. These are extensively used in food packaging because many of them are resealable, environmentally friendly, and cheaper than alternatives like glass, metal, and cardboard containers. These plays a vital role in keeping the product fresh, damage proof, and acts as an excellent marketing tool. Their widespread adoption is attributed to a lower carbon footprint than the alternative packaging materials mentioned above and take up less space in landfills.

Browse?170 market data Tables and?62 Figures spread through?238 Pages and in-depth TOC on "Flexible Plastic Pouches Market by Material (PE, PP), Type (Flat Pouches, Stand-up Pouches), Application (Food, Beverage), and Region (APAC, North America, Europe, South America, and Middle East & Africa) - Global Forecasts"

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The key players in the flexible plastic pouches market are Berry Global Inc. (US), Mondi (UK), Huhtamaki (Finland), Sealed Air Corp. (US), Sonoco Products Company (US), Smurfit Kappa (Ireland), Amcor Plc (Switzerland), Gogllio SpA (Italy), Constantia Flexibles (Austria), ProAmpac (US), and others. The flexible plastic pouches market report analyzes the key growth strategies adopted by the leading market players, between 2016 and 2021, which include expansions, mergers & acquisition, new product developments/launch, and collaborations.

Berry Global Inc. manufactures engineered products, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials and Health, Hygiene & Specialties. It offers flexible plastic pouches under the Consumer Packaging International and Consumer Packaging North America segments. It serves the healthcare, personal care, household, hygiene, industrial and transportation, and food and beverage sectors. The company has operations in the US, Canada, Europe, and Rest of the World. It operates across 295 locations globally.

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Mondi is a leading global integrated packaging and paper group. It is a leading producer of paper and plastic solutions. It operates through the following segments: Corrugated Packaging, Flexible Packaging, Engineered Materials and Uncoated Fine Paper. The company provides flexible plastic pouches under the Flexible Packaging business. Mondi won five awards at the WorldStar Packaging Awards 2020. The company serves various end-use industries such as FMCG and consumer products, e-commerce and retail, automotive, heavy-duty, food service, construction, and agriculture. The company operates through 100 production sites across more than 30 countries worldwide, with key operations located in Europe, North America, and Africa.

The flexible plastic pouches market size is projected to grow from USD 53.7 billion in 2021 to USD 73.5 billion by 2026, at a CAGR of 6.5%. The flexible plastic pouches market is witnessing high growth owing to the increase in demand for lightweight, convenient, and cost-effective packaging products & solutions for food and beverage applications. The aesthetic appeal, increased shelf life of product, rising demand from end-use sectors, and increasing e-commerce sales are key factors driving the demand for flexible plastic pouches during the forecast period.

The flexible plastic pouches market is segmented on the basis of material into polyethylene, polypropylene, and others. The polyethylene material segment accounted for a larger market share. This is attributed to its unique flow properties such as propensity to stretch when strained, low production costs, high clarity, heat seal-ability, high elongation, and softness make it suitable for pouch packaging. Polypropylene is projected to be the fastest-growing material segment. This is attributed to its good resistance to almost all types of chemicals, including strong acids, alkalis, and most organic materials, and its high melting point makes it a superior material for boilable packages and sterilizable products.

On the basis of type the market is segmented into flat pouches and stand-up pouches. The flat pouches segment led the market in terms of both value and volume. Its cost-effectiveness and aesthetic display in stores contribute toward its leading share in the flexible plastic pouches market.

On the basis of application the market is segmented into food, beverage, and others. Food application segment accounts for the largest market share in the market. Its malleability and low weight, along with the protection that it offers against contaminants make pouches an ideal packaging solution for food packaging products, leading to its large market share.

The APAC region is projected to be the largest market and to grow at the highest CAGR during the forecast period. Growth in APAC is backed by the increase in disposable income of people in countries such as China and India, growing middle-class population, rise in demand for packaged food, and the growth of the food & beverage industry. Moreover, the growth of the flexible plastic pouches market in the APAC region is attributed to the higher consumer spending and manufacturing of packaging materials in developing economies, such as China and India. China is projected to be the fastest-growing market across the globe during the forecast period. This is attributed to the population growth in the country, along with the high availability of packaging material coupled with technological development. This directly affects the growth of the flexible plastic pouches market in the APAC region.