Global Flexible Packaging Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Rise in demand from food & beverages, healthcare, cosmetics & toiletries, household products, sporting goods and other agricultural products industries will drive global flexible packaging market growth. Shift in trends towards convenient packaging because of lightweight characteristic and ease of use may boost market growth.
Technological development, improving barricade properties, evolving thin elastic material along with improvements in high-speed filling equipment will drive flexible packaging market growth. Easy transportation and storage along with sustainable properties driven the product demand. Export trading industry expansion are key factors enhancing the complete industry growth.
However, there are certain factors hampering the growth of global flexible packaging market. Using several layers of a specific material makes the recycling process difficult and complicated. In a few cases metal and plastics are utilized together for flexible packaging. This makes the recycling process extremely tedious since plastic is simply recyclable but metal takes time. Also, stringent environment regulations across the globe are as well hindering the global market growth.
According to material type, plastic is the most broadly used raw material for flexible packaging accounting for 78.3% of the total revenue share in 2018. These materials have high potential in the market because of increasing consumer preference, low shipping costs, and less storage requirements. It is widely used in the food & beverage sector as they can take numerous forms and shapes, which hold high importance for the industry.
Main manufacturers are engaged in R&D to gain competitive advantage. The market is characterized by forward integration through raw material manufacturing, flexible packaging production, and distribution to several application industries.
Geographically, Asia Pacific was the leading regional market, accounting for 38.79 % of the revenue share in 2018. The growth of the regional market is attributed to booming food & beverage sector, mostly in China and India. Increasing demand for packaged food coupled with increasing disposable income of consumers is anticipated to spur demand for the flexible packaging over the forecast period.
Europe was the second largest region accounted for 26.9 % of the total revenue share in 2018. Increasing R&D expenditure on pharmaceutical industry in Europe is anticipated to indirectly fuel flexible packaging demand over the forecast period.
This report is based on a new detailed research program. This has a dual foundation in both primary and secondary research. Primary research comprised refinement of databases on global and national packaging and print databases, supported by interviews with key individuals at foremost companies across the flexible packaging value chain.
Secondary research covers full analysis of trade press, company websites and press releases, and frequent appearance at all major print industry trade shows and conferences. This is combined with extensive analysis of national and supranational legislation, overall economic forecasts, varying retail patterns, environmental imperatives, and technology developments in print and retail.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global flexible packaging market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global flexible packaging market.
Scope of Global Flexible Packaging Market
Global Flexible Packaging Market, By Material Type
Global Flexible Packaging Market, By Product Type
• Stand-up Pouches
• Vacuum Pouches and Bags
• Retort Pouches
• Gusseted Bags
• Wicketed Bags
• Others (Pillow Pouches, Portion Packs, Sachets, etc.)
Global Flexible Packaging Market, By Application
• Food and Beverage
• Personal Care
Global Flexible Packaging Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Flexible Packaging Market
• Amcor Limited
• Bemis Company
• Sealed Air Corporation
• Berry Plastics Group, Inc.
• Mondi Group
• Sonoco Products co.
• Huhtamäki Oyj
• Constantia Flexibles Gmbh
• Ampac Holdings, Llc
• Bischof + Klein International
• Wipak Group
• AR Packaging
• Goglio Group
• Schur Flexibles
• Clondalkin Group
• Flair Flexible Packaging Solution
• Cellpack Packaging
• Südpack Verpackungen
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Ajit More
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Contact: +919607065656 / +919607195908