Press release
Flexible Packaging Market Outlook and Analysis to 2024 – Leading Top Companies are Constantia Flexibles, Mondi Group, Amcor, Bemis Company Inc., ExxonMobil, Sealed Air Corporation
Flexible Packaging Market
Food & beverages flexible packaging market generated over USD 85 billion revenue in 2015. Changing lifestyle and eating habits along with increase in consumer affordability leading to the industry growth in this segment. 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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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.
Flexible Packaging Market By Product
• Pillow pouches
• Stand-up pouches
• For side seal pouches
• Others (Retort pouches, blisters, lidding, portion packs)
Flexible Packaging Market By Application
• Food & beverage
• Personal care
• Healthcare
• Industrial
• Others (Retail)
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Increasing application scope in healthcare, cosmetics and consumer goods industry owing to export trading expansion and e-commerce industry will fuel flexible packaging demand. Healthcare application will observe gains over 5% up to 2024. Regulatory support for sustainable healthcare product along with increasing consumer health consciousness will support industry growth.
Stand-up pouch is majorly preferred products because owing to its versatility in various end-user industry. Stand-up pouches market size is estimated to be valued over USD 75 billion by 2024. High barrier against moisture & oxygen, low material consumption and low costs are the factors positively influencing the product demand. Pillow pouches will witness over 4% CAGR up to 2024. Rising demand from dairy products owing to better sealing, ease in transportation and cost effective properties has favored industry growth in this segment.
Polymer flexible packaging market was among the major revenue contributor in material segment, accounted for over 70% of the total industry volume in 2015. High durability, adaptability to modification and cost effectiveness properties supported the demand in this segment. Paper packaging market size was valued at over USD 15 billion in 2015. Increasing utilization in pharmaceutical and medical industry to reduce contamination and infection will enhance product penetration.
Browse key industry insights spread across 200 pages with 247 market data tables & 10 figures & charts from the report, “Flexible Packaging Market Size By Material (Polymer [PE, PP, PET], Paper, Aluminum, Cellulosic), By Product (Pillow Pouches, Stand-up Pouches, Four Side Seal Pouches), By Application (Food & Beverage, Personal Care, Healthcare, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, India, South Korea, Japan, Indonesia, Malaysia, Australia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/flexible-packaging-market
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