Flexible Packaging Market Report – Global Industry Trend and Forecasts Analysis 2022
The report “Global Flexible Packaging Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021” by DecisionDatabases.com analyses the market using analytical tools such as Porter’s Five Forces Model. It provides the value chain analysis, market attractiveness analysis, and company share analysis along with key player’s complete profiles.
Flexible packaging is one of the most economical plastic-based techniques used to preserve, package and distribute various industrial and consumer goods to extend their shelf life. Flexible packaging comprises of paper, foil and plastic for their various applications in the end-use industries. The demand for flexible packaging market is majorly driven by its convenient and sustainable properties and is expected to witness substantial growth over the coming years.
Growing application-scope of flexible packaging in various end-user industries including food and beverages, pharmaceuticals, cosmetics and other consumable products is anticipated to fuel the market demand in the near future. Flexible packaging is available in a wide range of innovative appearances, shapes and sizes and with reclosing features such as spouts and zips, which in turn has boosted the industry growth.
Growing usage of advanced technology to redesign aesthetic and innovative packaging has also driven the flexible packaging market in a positive manner. In addition, it also enhances the appeal of packaging technique and offers convenient handling to the consumers. Flexible packaging provides quality, efficiency and safety to the packaged product.
Flexible packaging market is segmented on the basis of end-use into food, cosmetics and toiletries, pharmaceutical, beverages, medical, tobacco and non –food. On the basis of substrates flexible packaging is segmented into oriented polypropylene, cast polypropylene, polyethylene, biaxially oriented polyamide, biaxially-oriented polyethylene terephthalate, cast polyamide, recycled cellulose fiber, aluminium foil, ethylene vinyl alcohol, paper and others. Furthermore market is classified by materials into plastic pouches and bags, industrial flexible packaging, stand-up pouches, converted rollstock and other.
Flexible packaging has advanced radically over the past few years and is expected to grow over the forecast period owing to new markets and applications. Flexible packaging products have evolved from simple monolayer wrappings to laminated engineered and coated constructions materials. These developments offer benefits such as extended shelf life, convenience and high barrier to oxygen, which has resulted into growing demand for flexible packaging in food, pharmaceutical and other consumables products.
The global flexible packaging market is segmented on the basis of geography as North America, Asia Pacific, Europe, Latin America and Middle East and Africa. Asia Pacific is the largest market for the flexible packaging and is expected to grow at a significant rate over the forecast period owing to burgeoning population and growing end-user industries in the region. North America and Europe market is also projected to grow at a considerable rate on account of innovative technology and growing packaged food industries.
Growing usage of advanced technology and efficient branding techniques by manufacturers is anticipated to boost the global market over the forecast period. Additionally, rising population along with shifting trends have led to the further rise in the demand for packaged food and beverages, particularly in the Asia Pacific region. Rising modern trends have also led to increase in the usage of cosmetics and personal care, which in turn will open new market avenues for the flexible packaging market in the near future. However, environmental concerns and stringent government regulations on the usage of plastics are hampering market growth of flexible packaging market.
The major industry players profiled in the report are Amcor, AEP Industries, American Packaging, Bemis, coveris Holdings, Printpack, Innovia Films, MeadWestvaco, Sonoco Products, Wipak, Flextrus, Cellpack, Fres-co System USA, Anchor Packaging, Exopack, Hood Packaging, JL Packaging, Constantia Flexibles, Sigma Plastics, Phoenix Closures, Oracle Packaging, Safta, Rollprint Packaging products, Schur Flexibles, Paharpur 3P, Glenroy, Pactiv, Sudpack Verpackungen, CL&D graphics, Clondalkin Group, Pactiv, hutamaki and Peruplast.
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