Press release
Flexible Packaging Market by Applications 2018 Top Players are Sealed Air Corporation, Constantia Flexibles, Mondi Group, Amcor, Bemis Company Inc., ExxonMobil.
Flexible Packaging Market
Rising preference for packaged & processed food owing to its extended shelf life properties and prevention from contamination will create notable opportunities for flexible packaging market growth.
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According to a new research report by Global Market Insights, Inc. Flexible Packaging Market is estimated to surpass USD 250 billion by 2024.
Improved barrier properties, technological advancement in thin elastic material along with reduced wastage are key trending factors driving the flexible packaging market growth. Superior sealing, heat insulation and barrier against moisture makes the product more attractive for end user industry. Flexible packaging shares a major portion in the packaging industry size, shift in consumer preference towards convenient packing and ease to store & transport properties supported the product growth.
Flexible Packaging Market By Application
• Food & beverage
• Personal care
• Healthcare
• Industrial
• Others (Retail)
Flexible Packaging Market By Product
• Pillow pouches
• Stand-up pouches
• For side seal pouches
• Others (Retort pouches, blisters, lidding, portion packs)
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Europe, led by Russia and Germany will observe gains over 3.5% up to 2024. Processed food and retail industry expansion are key stimulating factors fueling regional industry growth. China flexible packaging market was valued at over USD 8 billion in 2015, with revenue growth over 6% up to 2024. Food & beverage and pharmaceuticals were key revenue generating applications.
U.S. flexible packaging market from food & beverages was worth above USD 15 billion in 2015. Increase in disposable income, confectionary & dairy product portfolio expansion along with technological advancement in barrier materials are the key factors influencing the industry growth.
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Latin America, driven by Brazil and Argentina will witness CAGR over 4% by 2024. Increase in urban population, expanding e-commerce industry has fostered regional demand. Global flexible packaging market share is fragmented with the presence of numerous regional companies. Amcor Limited, Sonoco Products Company, Constantia Flexibles Group, Huhtamaki Group and Bemis Company are the key industry participants.
Other notable industry players include Mondi Group, Clondalkin Group Holdings BV, Ukrplastic, Ampac Holdings, Sealed Air Corporation and Wipak Group.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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