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Market Scenario
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
• Plastic
• Paper
• Aluminium
• Others
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
• Healthcare
• Industrial
• Others
Global Flexible Packaging Market, By Region
• North America
• Europe
• 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
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The global Flexible Packaging Market is expected to reach USD 293. The Flexible Packaging Market is estimated to grow at a significant CAGR of 4. com/industry-reports/flexible-packaging-market/request-sampleCellulosic, polymer, aluminum, paper, and other material types could be explored in Flexible Packaging in the forecast period. Stand-up pouches accounted for the largest market share of Flexible Packaging and are estimated to lead the overall market in the coming years. The key players of Flexible Packaging Market are Huhtamaki Group, Amcor Ltd.
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Opportunities in the flexible packaging market are the growing demand for sustainable packaging and better substitute for traditional packaging materials because of increasing awareness about hygiene. Moreover, rapid changes in technology are the major challenge for the flexible packaging market. id=162180170The Flexible Packaging Market comprises major players such as Huhtamaki Oyj (Finland), Berry Global Group Inc. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Flexible Packaging Market. com or follow us on Twitter, LinkedIn and Facebook.
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Global Flexible Packaging Market: By Material (Plastic, Paper, Aluminum), Products (Pouches, Bags, Wraps), Printing Technology (Flexography, Digital Printing), Application (Pharmaceutical, Food & Beverages, Personal Care) And Region - Forecast Till 2023Market Scenario:Flexible packaging is a rapidly growing segment in the global packaging industry, and it integrates the best qualities of plastic film, aluminum foil, and paper to offer a wide range of protective properties.
It can take the shape of a bag, pouch, or any part of a package whose shape can be readily changed.
Such packaging is used for various products in consumer as well as industrial applications to protect, market, and distribute a variety of products.According to the MRFR analysis, the flexible packaging market is swelling at a rapid pace and is anticipated to increase significantly over the forecast period.
The global flexible packaging market is estimated to grow at a CAGR of 5.92% during the estimated period (2017-2023).Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1151 The flexible packaging market is compelled by several factors such as increased consumption of packed and wrapped foods & beverages.
For e.g., to produce a pouch for food package needs 75% less energy and produces just 1 /10 of CO2 emissions during manufacturing than a metal can for the equivalent amount of product.On the basis of the regions, the global flexible packaging market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
China, India, Japan, and Thailand are the main contributor to the Asia Pacific market.
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The report "Metalized Flexible Packaging Market by Material Type (Aluminum Foil Based, Metalized Film), Structure, Packaging Type (Pouches, Bags, Wraps), End-Use Industry (Food, Beverage, Personal Care, Pharmaceuticals, Pet Food), Region - Global Forecast to 2025" The global metalized flexible packaging market size in 2020 is estimated at USD 4. Moreover, sustainable and new metalized flexible packaging is expected to propel the market for metalized flexible packaging. Pouches is the major packaging type in the global metalized flexible packaging marketPouches is the largest packaging type segment of the metalized flexible packaging market. id=219963217Browse in-depth TOC on "Metalized Flexible Packaging Market”230 - Market Data Tables56 - Figures250 - PagesAsia Pacific is expected to witness the fastest growth in the metalized flexible packaging market during the forecast periodThe metalized flexible packaging market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific metalized flexible packaging market in 2019.
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Learn More On The Metalized Flexible Packaging Market:https://www. The metalized flexible packaging market size is expected to see rapid growth in the next few years. The increasing demand for sustainable packaging is expected to propel the growth of the metalized flexible packaging market going forward. Therefore, increasing demand for sustainable packaging is driving the demand for the growth of the metalized flexible packaging market. The metalized flexible packaging market report table of contents includes:Executive Summary Metalized Flexible Packaging Market Characteristics Metalized Flexible Packaging Market Trends And Strategies Metalized Flexible Packaging Market - Macro Economic ScenarioGlobal Metalized Flexible Packaging Market Size and Growth.
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