Flexible Packaging Market is likely to register double digit CAGR during 2016 to 2024

Global Flexible Packaging Market: Overview

The emergence of bio-based and biodegradable films is the primary factor fuelling the growth of the global flexible packaging market. The use of these products is expected to offer sustainable solutions owing to the reduced dependency on fossil fuels.

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Moreover, government support toward the use of environment-friendly products is projected to supplement the growth of the global flexible packaging market in the coming years.

The research study has offered a detailed analysis of the market, focusing on the latest trends and promising opportunities that lie ahead. A detailed overview of the competitive landscape of the global flexible packaging market has been provided in the study to give a strong understanding of the market. The key decisions and strategies adopted by the leading companies have been presented to guide existing and new players in framing effective business policies in the coming years.

Global Flexible Packaging Market: Drivers and Restraints

The growing demand for flexible packaging for diverse applications is one of the primary factors augmenting the growth of the overall market. The growing need to ensure the quality and safety of products and preserve them from contamination and damage is driving the demand for innovative flexible packaging solutions worldwide.

Key players in the market are emphasizing on introducing effective products and expanding their product portfolio in order to reach a larger audience. This is expected to fuel the market’s growth in the coming years.

Furthermore, the growing awareness regarding hygiene and food safety and the increased shelf life enabled by flexible packaging are some of the other drivers anticipated to boost the global flexible packaging market.

On the other hand, concerns related to handling in specific applications and various recyclability issues are expected to restrict the growth of the market in the next few years. Nevertheless, the introduction of specialty films is likely to offer lucrative opportunities for market players.

Global Flexible Packaging Market: Region-wise Outlook

The global market for flexible packaging has been classified on the basis of geography into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. Among these, Europe is expected to lead the global flexible packaging market and account for a share of 32.80% by the end of 2024. Growth in this region can be attributed to the presence of a large number of manufacturing industries.

Key players in Europe are focusing on introducing new packaging formats and multilayer films in order to extend the shelf life of products. This factor is projected to augment the flexible packaging market in the region.

Asia Pacific is expected to witness robust growth in the global flexible packaging market in the next few years. The lucrative opportunities offered by this region is attracting the attention of new entrants and established players looking to expand their market penetration.

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In addition, the swift economic development in Asia Pacific is boosting several industries, including personal care products, food and beverages, and pharmaceuticals. Countries in other regions are anticipated to witness a substantial rise in the consumption of packaging solutions owing to economic growth in developing countries.

Key Players Mentioned in the Research Report:

Constantia Flexibles Gmbh, Südpack Verpackungen, Wipak Group, Amcor Limited, Cellpack Packaging, Sealed Air Corporation, Mondi Group, Clondalkin Group, AR Packaging, Sonoco Products Co., Bischof + Klein International, Ampac Holdings, Llc, Huhtamäki Oyj, Bemis Company, Goglio Group, Schur Flexibles, and Berry Plastics Group, Inc. are some of the leading players operating in the flexible packaging market across the globe. The rising number of players participating in the market is expected to strengthen the competitive scenario in the next few years.

Key segments of the global flexible packaging market

Global Flexible Packaging Market, by 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

Global Flexible Packaging Market, by Product Type

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

Global Flexible Packaging Market, by Application

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

Global Flexible Packaging Market, by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of MEA

This report gives you access to decisive data such as:

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years

Key highlights of this report:

Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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