Flexible Plastic Packaging Market is at 7% CAGR and Will Reach To Double Digit CAGR till 2026 | Forecast by MarketPrognosis with Bemis Company, Coveris Holdings S.A., Berry Global, Reynolds Group Holdings Limited Players

Market Highlights:

Global Flexible Plastic Packaging Market is accounted for $92.36 billion in 2017 and is expected to reach $170.63 billion by 2026 growing at a CAGR of 7.0% during the forecast period. Factors such as increasing demand from end-users, rising demand for plastic films and improving usage of processed foods & beverages are propelling the market growth. However, strict regulations on packaging material waste and recycling, fluctuating raw material prices and recyclability are hindering the growth of the market. Expansion in demand for sustainable packaging solutions, evolution of bio-degradable plastics and development in latest technologies provides ample opportunities for the market.

Flexible plastic packaging acts as a kind of packaging where plastics that are used is thin, light, and that are purely stretchable yet maintain the obstacle properties and tear and puncture resistant features that are why it is meant for packaging products. Flexible plastic packaging is cheap, visually appealing and chemically inert which increase the brand requirements of the products that are used in packing. Mainly Flexible plastic packaging is meant for quick moving unit loads and to pack non-durable that have inadequate bulk industrial use through the exemption of flexible intermediate bulk container (FIBC’s).

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Top Industry Players:

Some of the key players profiled in the Flexible Plastic Packaging market include Constantia Flexibles, Bemis Company, Inc., Coveris Holdings S.A., Berry Global, Inc, Reynolds Group Holdings Limited, Amcor Limited, Huhtamäki Oyj, Sonoco, Sealed Air Corporation, Clondalkin Group Holdings B.V., Mondi plc, Ampac Holdings, LLC, Bischof + Klein SE & Co. KG, Gascogne Flexible, Swiss Pac Pvt. Ltd., Sigma Plastics Group, Om Printing & Flexible Packaging Pvt. Ltd, American Packaging Corporation, Britton Group Limited and Graphic Packaging International, Inc.

What our report offers:
• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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Market Segments:

By pack type, Stand-Up Pouches segment is driven by rising utilization of food & beverage, dairy and cosmetics products. Stand up pouches are formed from several layers of accurately-formulated (food-grade, if necessary) film that is durable, strong, puncture-resistant and stretchable. These barricade bags save contents from moisture, pests, vapour, and odour although, together, retain shelf life for food and former consumable items.

In terms of geography, Asia Pacific commanded the largest market share during the forecast period owing to the growing demand of flexible packaging from end-users such as food & beverage industry, pharmaceutical industries etc.
Materials Covered:
• Paper
• Bioplastics
• Aluminum Foil
• Plastic Films
• Other Materials
Printing Technologies Covered:
• Rotogravure Printing
• Flexography Printing
• Screen Printing
• Offset Printing
• Digital Printing
• Other Printing Technologies
Pack Types Covered:
• Sachet
• Tubes
• Films and Wraps
• Rollstocks
• Wicketed Bags
• Gusseted Bags
• Sleeve Labels
• Wraps
• Stand-Up Pouches
• Flat Pouches
• Other Pack Types
Applications Covered:
• Cosmetics Packaging
• Blood bags
• Healthcare Product Packaging
• Saline Bottles
• Food Packaging
• Beverage Packaging
• Pharmaceuticals
• Industrial and Institutional
• Toiletries
• Tobacco Products
• Personal Care Products
• Other Applications

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This release was published on openPR.