Press release
Flexible Packaging Market Highest Demand key properties Reach at USD 223.50 billion by 2023 | Top Most Players | Mondi, Sonoco, Huhtamaki Group, Bemis Company, Constantia Flexibles, Amcor Rigid Plastics India Pvt Ltd and Wipak Group
Flexible Packaging Market
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Competitive Insights
The leading players in the market are Mondi, Sonoco, Huhtamaki Group, Bemis Company, Constantia Flexibles, Amcor Rigid Plastics India Pvt Ltd and Wipak Group. The flexible packaging market is divided inferable from the existence of various regional industry members. Mergers and acquisitions and additionally product portfolio development were the key procedures implemented by the organizations to boost geographical scope.
Industry Trend Analysis Overview:
The Flexible Packaging Market was worth USD 143.21 billion in 2014 and is expected to reach approximately USD 223.50 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.07% during the forecast period. Rising demand from cosmetics & toiletries, household products, healthcare, sporting goods, food & beverages and other agrarian items businesses will drive worldwide flexible packaging market development. Switching trend towards easy packaging because of lightweight characteristic and convenience may boost market development. Producers are moving towards flexible packaging as it makes less waste because of lower use of crude materials, requires less storage space alongside simple transport. Worldwide packaging spending was over USD 400 billion in 2015; flexible packaging represented more than 20% of the business income share around the same time. Hindrance against moisture, suitable sealing and heat insulation are key properties powering industry development.
Regional Insights
Europe flexible packaging market, driven by Russia and Germany will observe substantial growth throughout the estimate time frame. Expanding interest of consumers for beautifiers and processed food attributable to the rising buying force will drive local development. United States flexible packaging market was worth around USD 30 billion in 2015 and is set to witness huge additions. Extension in medical, confectionery and dairy industry, technological advancement in boundary materials combined with rising retail business, stand up pouches use will trigger the business development.
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Market Segmentation-
By Material:
Paper
Aluminum
Polymer
Polypropylene
Polyethylene terephthalate
Polyethylene
Others
Cellulosic
By Product:
Four side seal pouches
Pillow pouches
Stand-up pouches
Others
By Application:
Healthcare
Industrial
Food & beverage
Personal care
By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Product Outlook and Trend Analysis
Stand up pouches and pillow pockets are most broadly used in flexible packaging products. Pillow pockets will encounter high picks up in light of their expanding use in food & beverages and dairy industry. High sealing ability and cost efficient transportation is a portion of the key properties emphatically impacting product penetration. High barrier properties against oxygen and moisture combined with low material usage and savvy properties will fuel the stand-up pouches demand.
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Flexible Packaging Market, By Application
4.1. Introduction
4.2. Global Flexible Packaging Sales, Revenue and Market Share by Application (2014-2017)
4.2.1. Global Flexible Packaging Sales and Sales Share by Application (2014-2017)
4.2.2. Global Flexible Packaging Revenue and Revenue Share by Application (2014-2017)
4.3. Flexible Packaging Market Assessment and Forecast, By Application, 2014-2023
4.4. Food & Beverage
4.4.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
4.5. Personal care
4.5.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
4.6. Healthcare
4.6.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
4.7. Industrial
4.7.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
5. Flexible Packaging Market, By Material
6. Flexible Packaging Market, By Product
7. Flexible Packaging Market, By Region
8. Global Flexible Packaging Market Competition, by Manufacturer
…..CONTINUED FOR TOC
Application Outlook and Trend Analysis
Increasing demand from processed and packaged food because of changing way of life and dietary patterns has emphatically flexible packaging market share from food and beverages application. The fragment represented more than 50% flexible packaging market in 2015. Expanding spending on bread kitchen and oat products alongside rising customer awareness relating to food safety and cleanliness will drive the business development in this section. Digital printing technology is broadly made use of as a part of this industry to effectively label on the flexible packaging. Improved safety, efficient energy consumption, less maintenance and limiting waste are a portion of the valuable elements upgrading advanced printing.
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