Global Flexible Packaging Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2024

In order to study the various trends and patterns prevailing in the overall market for Flexible Packaging Market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Flexible Packaging Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global flexible packaging market is very fragmented and because of the numerous players in the market, the nature of this market is very competitive. The entry level barriers is low and therefore the flow of new entrants is high, states MRRSE in a recent report. The market is now witnessing a rise in the number of mergers and acquisition activities in Europe and North America mostly, which will result in consolidation of the market shares. Some of the key players in the flexible packaging market are: The Dow Chemical Company, Clondalkin Flexible Packaging Wentus, and Amcor Limited.

As per MRRSE, the global flexible packaging market will be worth US$358.7 bn in 2024. On the basis of product, the demand for stand-up pouch is higher and is estimated to generate revenues close to US$85.9 bn by 2024. The ability to store a variety of products and high shelf life for liquid products will boost the demand for stand-up pouch. On the basis of geography, the market is anticipated to be led by Europe, followed by North America. The thriving food and beverages sector will help the market in Asia Pacific region to be promising in the coming years.

Technological Advancements And Developments In Packaging Materials And Packaging Technologies Behind Growth Of Market

The number of developments in the field of packaging materials and packaging technologies in the last few years has significantly impacted the global flexible packaging market in a positive manner. These developments have helped boost the scope of use for flexible packaging for various end use application areas as well as product varieties in the food and beverage, pharmaceutical, and consumer goods sector. This in turn has led to the growth of this market. Some of the other factors behind the increasing demand for flexible packaging include light weight of packaging, increase shelf life of perishable products, easy identification of tampering on the packaging, and effective resistance against foreign adulteration.

Complicated Recycling Process of Different Materials Used for Flexible Packaging to be an Issue

While there are many benefits of flexible packaging, there are a few issues which is expected to restrict the growth of the market. The use of multiple layers of a variety of materials in this form of packaging makes recycling a difficult and complicated procedure. In many instances the combination of plastic and metal is used for flexible packaging which makes the recycling process difficult because plastic is easy to recycle as compared to metals. With environmental sustainability norms becoming stringent why the day, the aforementioned issues with regards to flexible packaging will act as a challenge for the market.

Complete Report with Tables and Figures now available at @ https://www.mrrse.com/global-flexible-packaging-market

The report provides detailed competitive outlook including market shares and company profiles of key participants operating in the global market. Key players in the global flexible packaging market include Amcor Limited, Bemis Company, Inc., Sealed Air Corporation, Mondi Group, Berry Plastics Group, Inc., Huhtamaki Oyj etc. Company profiles include attributes such as company overview, financial overview, business strategy and recent developments.

The market has been segmented as below:

Flexible Packaging Market - Material Type

Polymer
Polyethylene (PE)
LDPE
HDPE
LLDPE
Polypropylene (PP)
Biaxially-Oriented Polypropylene (BOPP)
Cast Polypropylene (CPP)
Biaxially-oriented polyethylene terephthalate (BOPET)
Polyamide (PA)
Poly Vinyl Chloride (PVC)
Ethylene Vinyl Alcohol (EVOH)
Poly Styrene
Paper
Aluminum
Cellulosic

Flexible Packaging Market – Product Type

Stand-up Pouches
Vacuum Pouches
Retort Pouches
Converted Roll Stock
Gusseted Bags
Wicketed Bags
Laminated Tubes
Squeezable Bottles
Others

Flexible Packaging Market – Application

Consumer
Food & Beverages
Dairy
Bakery & Confectionery
Ready to Eat Food
Frozen & Chilled Food
Tea
Others
Personal Care
Pharmaceutical
Tobacco
Industrial & Institutional

Flexible Packaging Market - Regional Analysis

North America
U.S.
Canada
Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe

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This release was published on openPR.