During the projected period, the standup zipper pouch market is anticipated to see an average CAGR of 5%. The market for standup zipper pouches is expected to grow from its current value of US$ 2.2 billion in 2022 to US$ 3.76 billion by 2032.
FMI, in its upcoming business report, elaborates the historical and current scenario of the global Stand-up Zipper Pouches market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Stand-up Zipper Pouches market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
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COVID-19 Impact Analysis on Stand-up Zipper Pouches Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Stand-up Zipper Pouches market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Stand-up Zipper Pouches market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Stand-up Zipper Pouches market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Which Region holds the Highest Growth Potential in the Standup Zipper Pouches Market?
More than 80% of U.S. adults find a re-sealable package necessary. It not only saves the cost of packaging but also helps to eliminate waste.
In North America, the stand-up zipper pouches market is expected to witness moderate growth in the upcoming years.
South Africa is expected to experience growth in sales of stand-up zipper pouches during the forecast period, as per increment in the investments of leading players.
Stand-up Zipper Pouches Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Stand-up Zipper Pouches market. Competitive information detailed in the Stand-up Zipper Pouches market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Stand-up Zipper Pouches market report.
Key players covered in the report include:
- Pouch Direct Pty. Ltd.
- Alpha Packaging
- Mondi Plc
Important Questions Answered in the Stand-up Zipper Pouches Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Stand-up Zipper Pouches market been expanding during the forecast period?
- How will the global Stand-up Zipper Pouches market look like by the end of the forecast period?
- What innovative strategies are adopted by Stand-up Zipper Pouches market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Stand-up Zipper Pouches market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Stand-up Zipper Pouches market
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