Flexible Packaging Market Overview, Key Players Analysis, Emerging Opportunities
Market Analysis
The global flexible packaging market size will develop at a 6.09% CAGR between the forecast period 2017- 2023, according to the new Market Research Future (MRFR) analysis. Flexible packagings are containers or packages made of flexible materials or materials which, when closed or filled, can bend and still hold the shape. It is generally made of foil, plastic film, paper, or a combination of any of these.
Various factors are propelling the global flexible packaging market share. According to the recent MRFR market estimates, such factors include increased demand in the pharmaceutical, cosmetics and personal care, and food & beverage sectors, development in modern retailing, consumers high income, rise in e-commerce activities in emerging economies, technological advancements, innovations in flexible packaging, and increased consumption of processed foods and beverages during the COVID-19 pandemic.
On the contrary, strict regulations on packaging material waste & recycling, environmental and recycling concerns, and fluctuating raw material costs are factors that may impede the global flexible packaging market size over the forecast period.
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global flexible packaging market based on application, printing technology, product type, and material.
By material, the global flexible packaging market is segmented into foil, aluminum, paper, plastic, and others. Of these, the plastic packaging segment will lead the market over the forecast period. Wide applications in the packaging in different end-use industries are adding to the growth of the segment.
By product type, the flexible packaging market is segmented into wraps, bags, pouches, and others. Of these, the pouch segment will dominate the market over the forecast period. The pouch segment comprises pillow pouches, retort pouches, and stand-up pouches.
By printing technology, the global flexible packaging market is segmented into digital printing, flexography, and others. Of these, the flexography segment will spearhead the market over the forecast period.
By application, the global flexible packaging market is segmented into personal care, pharmaceutical, food and beverage, and others. Of these, the food and beverage segment will have the lion's share in the market over the forecast period.
Regional Analysis
By region, the flexible packaging market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region will spearhead the market over the forecast period. Japan, India, and China being the leading exporters of goods, booming e-commerce market, rising internet penetration, and favorable government strategy are adding to the global flexible packaging market growth in the region.
In the APAC region, the flexible packaging industry will have a healthy growth over the forecast period. Developing food and beverage sector in India and China, rising demand for packaged food, consumers rising disposable income, improving global economy, the expanding working population, growing domestic demand for convenience and ready-to-eat food products, growing personal care and cosmetics and pharmaceutical industries, and functional properties offered by flexible plastic packing like handling convenience, eco-friendliness, lightweight, strength, durability, cost-effectiveness, and safety are adding to the global flexible packaging industry growth in the region.
In Europe, the flexible packaging market is predicted to have sound growth over the forecast period. Increasing research and development expenditure on the pharmaceutical industry and demand for personal care products in the UK, France, Italy, and Germany are adding to the global flexible packaging market growth in the region.
In the Rest of the World, the flexible packaging market is predicted to have steady growth over the forecast period. The developing pharmaceutical industry, rising health expenditure, and government support are adding to the global flexible packaging market growth in the region.
Key Players
Key contenders profiled in the flexible packaging industry report include CLONDALKIN GROUP (The Netherlands), Reynolds (New Zealand), Berry Global Inc. (US), CONSTANTIA (Austria), Mondi (Austria), HUHTAMAKI GROUP (Finland), COVERIS (US), Sonoco Products Company (US), Sealed Air (US), and Amcor Limited (Australia), among others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/flexible-packaging-market-1151
About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.
The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.
Our Forte
- Strong industry focus
- Robust methodology
- Tailor-made solutions
- Disruptive research
- Cutting-edge detailed reports
- Competitive pricing
- Domain expert researchers
- Timely delivery
- Ground-breaking approach
- Advanced and transparent research methodology
- Cover latest trends and innovations
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
