Stand-up Pouches Market Industry Leaders & New Revenue Pockets

Stand-up Pouches Market Industry Leaders :

Stand-up pouches are used for shelf life enhancement, aesthetic appeal, and protected transportation of products. The innovative structure of stand-up pouches offers longer shelf life and keeps the product protected from oxygen, odor, moisture, bacteria, and UV light. The stand-uppouches market is estimated at USD 20.1 billion in 2018 and is projected to reach USD 28.9 billion by 2023, at a CAGR of 7.5%. The rising demand for packaged food & beverages is projected to drive the growth of the stand-up pouches market.

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The stand-up pouches market is led by major players such as Amcor (Australia), Mondi (Austria), Berry Global Group (US), Smurfit Kappa (Ireland), and Bemis (US). These players have adopted numerous growth strategies to increase their market share, enhance their product portfolio, and expand their market share. Acquisitions, expansions, investments, new product launches, and partnerships are some of the major strategies adopted by leading players operating in the stand-up pouches market. The years 2017 and 2018 experienced a large number of acquisitions by top players in the market.

Acquisitions accounted for the largest share of all strategic developments in the stand-up pouches market during 2014–2018. Companies such as Amcor (Australia), Berry Global Group (US), Mondi (Austria), Sealed Air (US), Smurfit Kappa (Ireland), Coveris (UK), ProAmpac (US), Huhtamaki (Finland), and Sonoco (US) adopted this strategy to strengthen their product portfolios, expand their geographic reach, and enhance growth prospects in the stand-up pouches market.

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Amcor (Australia) is a leading stand-up pouches manufacturer. Strong global presence and adoption of growth strategies such as acquisitions and new product launches have ensured its leading position in the market. In recent years, the company launched metal-free packaging and ultra-high barrier packaging for spouted pouches, stand-up pouches, flow packs, sachets packaging, and bags. The acquisitions of Nampak Flexibles, Zhongshan Tiancai Packaging Company, Packaging India Private Limited, Deluxe Packages, and Hebei Qite Packing Co. Ltd have further strengthened its market presence and product portfolio. In August 2018, Amcor and Bemis Company (US) had approved an agreement, under which Amcor would acquire Bemis Company in an all-stock combination. This strategic initiative is projected to create a global leader in consumer packaging with a comprehensive global footprint.

Mondi (Austria) is an integrated paper and packaging group and offers a diversified range of stand-up pouches, which includes spouted pouch, shaped pouch, retort pouch, and zipper pouch. It mainly serves the packaging needs of the food & beverage industry through its extensive stand-up pouches product portfolio. Its recent acquisitions of Excelsior Technologies Limited, Uralplastic, Kalenobel, and KSP, Co., extensive product portfolio and global operations contribute to its second position in the stand-up pouches market. In September 2017, Mondi developed a new 3D varnish with haptic effects for enhancing the shelf appeal of flexible packaging materials. This new finish provides opportunities to brand owners to differentiate their products at the point of sale.

The major market players have adopted diversified strategies for expansion in developed and emerging countries. The Asia Pacific region dominated the stand-up pouches market in 2017. This is attributed to the rise in demand for packaged food & beverages, changing lifestyles, the rise in disposable income, and an increase in the working population.

Stand-up Pouches Market Industry New Revenue Pockets :
 
A stand-up pouch is a pleated pouch, in which a separate die-cut piece is sealed into the bottom of a pouch, which helps it stand up without support. Stand-up pouches are easy to use, lightweight, cost-effective, and portable. They have features such as zipper re-closures, spouts, slider closures, release valves, and longer shelf life. In addition, they have excellent barrier properties and are widely used in the packaging of food, beverages, cosmetics, agrochemicals, and oil & lubricants. MarketsandMarkets projects that the stand-up pouches market is projected to grow from USD 20.1 billion in 2018 to USD 28.9 billion by 2023, at a CAGR of 7.5% during the forecast period.

Based on type, the aseptic segment is projected to grow at the highest CAGR from 2018 to 2023. The growth of this segment can be attributed to the demand for products with a longer shelf life and their increasing usage in ready-to-drink beverages. Aseptic packaging helps maintain the nutritional vitamins, texture, color, taste, and aroma of the contents and keeps the food fresh, flavorful, and safe for a minimum of six months without preservatives or refrigeration.

Based on application, the food & beverages segment in the standup pouches market is projected to grow at the highest CAGR from 2018 to 2023. This growth can be attributed to key factors such as changes in lifestyle, growing demand for compact & lightweight packaging, increase in disposable incomes, and a rise in the middle-class population. The growth in the usage of stand-up pouches in alcohol packaging further drives the food & beverages segment in the Stand-up Pouches Market.

In terms of geographic coverage, the stand-up pouches market is segmented into five regions, namely, North America, Asia Pacific, Europe, the Middle East & Africa, and South America. The Asia Pacific accounted for the largest share in 2017 and is projected to record the highest growth rate during the forecast period, in terms of both value and volume. Increasing applications of stand-up pouches in the food & beverage, healthcare, and cosmetics & toiletries industries are projected to drive the stand-up pouches market in Asia Pacific. Furthermore, the rising consumption of packaged products, rapid urbanization, and increasing disposable incomes in the emerging economies of China and India drives the growth in the Asia Pacific stand-up pouches market.

The rise in disposable incomes in developing economies and an increase in the global population are creating new opportunities for packaged food and beverages. The rise in demand for packaged food & beverage backed by changing lifestyles and an increase in the number of dual-income families result in the growing trend of convenience food. These factors are leading to a shift in consumer preferences toward ready-to-eat/frozen food. This, in turn, is projected to create growth opportunities for stand-up pouches in the coming years.

Kraft Paper Market Industry Leaders & New Revenue Pockets

Kraft Paper Market Industry Leaders :

The kraft paper market is projected to grow from USD 15.6 billion in 2019 to USD 18.7 billion by 2025, recording a CAGR of 3.0% during the forecast period. The rising demand for kraft papers in various end-use industries such as food & beverages, pharmaceuticals, and building & construction is projected to drive the growth of the kraft paper market across the globe during the forecast period. 

 

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Mondi  (Austria), Segezha group (Russia), Klabin(Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper constrution (Japan), Nordic Paper (Sweden), Glatfelter(US), and Gascogne Papier (Austria) are the key players operating in the kraft paper market. These players have adopted numerous growth strategies such as expansions, investments, divestments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market shares and enhance their product portfolios.

The strategies of expansions, investments, and divestments together accounted for the largest share of all strategic developments that took place in the kraft paper market between January 2017 and November 2018. Companies such as Mondi (Austria), Segezha group (Russia), Klabin (Brazil), Billerudkorsnas (Sweden), Stora Enso (Finland), Daio Paper Construction (Japan), Nordic Paper (Sweden), Glatfelter (US), and Gascogne Papier (Austria) are the key players operating in the kraft paper market that adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the kraft papers market.

MONDI (Austria), is one of the key players in the kraft paper market. It operates throughout the value chain–from wood to pulp production, which includes raw materials, such as wood yard, pulping process, and the chemical cycle of a pulp mill. It offers products and services through business segments, namely Specialty kraft paper and Sack kraft paper. The company has a wide range of grades such as unbleached kraft paper, bleached kraft paper, white paper, and pulp. In September 2018, Mondi launched a specialty kraft paper grade, advantage formable brown, which is used in various food packaging applications, such as packing fish and meat, with symmetrical stretch, which is a unique feature of this product.  It is multilayered and thermoformable, due to which it witnesses a high demand in packaging solutions.

Segezha Group is a Russian forest industry holding company, which focuses on offering wood, paper, and pulp products, as well as forestry operations. It offers a wide range of sack paper & paper packaging products to customers. The sack papers offered by the company is made of virgin fiber and can resist up to 250°С heat exposure. Further, it has nine paper sack and packaging mills and two pulp & paper mills. The company is a key producer of unbleached sack papers and paper sacks in the Russian and European markets and has its sales operations in over 100 countries. Its assets are located in around 12 countries across regions. It has its offices and production units in 11 countries across the globe. The company offers a wide range of kraft paper products under its business segments, Paper sack bags and Sack paper.

Kraft Paper Market Industry New Revenue Pockets :

The kraft paper market is projected to grow from USD 15.6 billion in 2019 to USD 18.7 billion by 2025, recording a CAGR of 3.0% during the forecast period. The rise in demand for kraft papers from various end-use industries, such as food & beverages, building and construction, cosmetics & personal care automotive, and consumer durables, is driving the growth of the kraft paper market across the globe. In addition, factors such as rapid urbanization across the globe and the recyclability of kraft papers are also projected to contribute to the growth of the kraft paper market during the forecast period.

Kraft paper is also known as brown paper or wrapping paper, which is made from various raw materials, including bagasse, groundwood, straw, waste paper, and waste carton boxes in different combinations to produce sustainable, strong, flexible, and lightweight kraft paper. 'Kraft' means strength and kraft papers have high strength, which is why it is referred to as kraft papers. It is typically used for wrapping heavy bundles due to its high strength. After corrugation, it is used in many types of packing and accepted as an important packaging material in many end-use industries. Quality kraft papers are made by the 'Kraft' chemical process, also known as sulfate process. They are normally sized with sizing agents & additives and not bleached. Hence, they retain a natural brown color. Kraft papers are primarily used in wrapping paper bags and linter corrugated sheets.

Kraft paper comes in various grades, such as bleached and unbleached, are considered for the scope of the study. On the basis of packaging form, the market is segmented into wraps, pouches, envelops, grocery bags, industrial bags, and corrugated boxes. Kraft paper is used in various applications, including food packaging, healthcare products, agriculture products, construction material packaging, chemicals, and electronics, consumer goods, and automotive.

Based on packaging form, the corrugated boxes segment in the kraft paper market is projected to grow at the highest CAGR during the forecast period, in terms of value, followed by the grocery bags and industrial bags segments. The growth of the corrugated boxes segment in the market is attributed to the increasing use of recyclable packaging products. Due to its low cost, versatility, and easy availability, plastic packaging is used in numerous industries such as food & beverages, pharmaceuticals, and building and construction. Durability, safety, hygiene, and lightweight features of plastic packages have further contributed to its popularity among consumers.

Based on grade, the unbleached segment is projected to dominate the kraft paper market from 2019 to 2025, in terms of value and volume. Unbleached kraft paper is made from the pulping process using the wood pulp, which gives it a natural brown color. Unlike bleached kraft paper, this kraft paper does not undergo any chemical processes and offers sustainable and recyclable properties. The unbleached kraft paper is available in three grades, including machine glazed, smooth finished, and machine finished. It is widely used by various end-user industries, such as healthcare, laminates & coating, and retail bags & carriers, as it is cost-effective and a sustainable solution for packaging.

The kraft paper market is studied for five regions, namely, North America, Asia Pacific, Europe, the Middle East & Africa, and South America. In terms of value, the Asia Pacific region is projected to lead the kraft paper market during the forecast period. The market in the Asia Pacific region is projected to grow at the highest CAGR from 2019 to 2025, in terms of value. The increasing demand for sustainable packaging solutions and a strong industrial base in the Asia Pacific region are factors that are projected to drive the growth of the kraft paper market in the region. Key factors such as ongoing industrialization, rising disposable income of the middle-class population, preference for multi-use packaging solutions, and low packaging waste are factors that are projected to drive the growth of the Asia Pacific kraft paper market during the forecast period.