According to the new market research report by IndustryARC titled “Mexico Stand-Up Pouches Market”: By Type (Aseptic, Standard and Retort); By Form (Round Bottom, K-Style, Plow Bottom, Flat Bottom and Others); By Application (Food & Beverages and Non-Food) – (2018 – 2023)”, the market is estimated to reach $186.43 Million by 2023 at a CAGR of 7%.
Aseptic stand-up pouch type continues to lead the market share and growth during 2018-2023:
In terms of value, Aseptic printed stand-up pouch type is the dominant and fastest growing segment for Mexico stand-up pouch packaging market, owing to the extensive use of plastics in the manufacturing of stand-up pouches. Their key applications are Food & Beverages, non-food items among others. Food & Beverages is further segmented into human food, pet food, and beverages. This is followed by the non-food segment that comprises healthcare, personal & home care, and others. Aseptic Stand-up pouch Market is anticipated to reach $104.26 Million by 2023 with a CAGR of 6.8%.
Selected Value Chain Analysis was done in the full report:
Raw Material:
The raw materials that are used for manufacturing stand-up pouches are collected from diverse companies. Chemical companies such as The Dow Chemical Company provide polymers such as polyethylene for manufacturing the stand-up pouches. Other materials have also opted for manufacturing stand-up pouches.
Manufacturing:
This phase of value chain involves engineering and design which generates important value addition for both manufacturing and remanufacturing companies. The various types of stand-up pouches according to the application are manufactured in this phase. Through innovation in new products and technologies, these phases have the capacity for eventual additive remanufacturing, enabling the extension of the traditional after-sales life cycle of products. Continued investment in R&D, equipment design and engineering is set to enable companies to sustain its competitive advantage and also to differentiate their service capabilities from other competitors.
Testing and Regulations:
The packaging is approved by associations and organizations to be implemented in diverse food and non-food industries.
The stand-up pouch manufacturing company has to approve its packaging materials from packaging associations to ensure safety and trust of its customers.
Distribution:
In this phase, the stand-up pouches are distributed to the brand owners for both food and non-food applications.
Consumer:
The final product is sold in the market to grab the attention of the customers in attractive package forms.
Excerpts on Market Growth Factors Mentioned in the Full Report:
Stand-up pouches market is growing faster than any other packing format, with consumer preference as one of the major growth factor driving the market. These pouches are used as a replacement for traditional packaging.
The growth of the plastics market influences the pouch market, owing to the extensive use of plastics in the manufacturing of stand-up pouches. Also, rising health awareness and growing levels of environmental awareness among the Mexican population are driving the stand-up pouches market in the country.
The flexible stand up packaging industry will continue to innovate with production getting faster and films going thinner. It will protect products better and keep them fresher for a longer duration. This would position stand-up pouches to experience progressive growth as consumers continue to demand sustainable packaging that fits their on-the-go lifestyles.
Small snacks pouches are especially popular among younger consumer. Many people go for small packaged products rather than large bulk containers which are not conducive to their lifestyle. Strong growth in the number of single-person households is also driving the demand for small-sized packagings such as coffee pouches and other stands up zipper pouches. Mexican people prefer small flexible and re-sealable snack food packaging rather than space-consuming boxes, cans, bottles, and jars, as many items can be fit into pantries, refrigerators, freezers or on shelves in retail stores.
With the help of spout pouches and other customized pouches, marketing opportunities are created for various food and beverage manufacturing companies. Clever marketing strategies such as utilizing the pouch as a refill to promote brand loyalty had not only added value to these companies but also provided new opportunities for them.
Companies in the stand-up pouches market are mainly focused on new product launches as the key strategy that accounted for 56% of the total developments. The stand-up pouches market also witnessed a large number of acquisitions in the aforesaid period.
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