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Flex Pack Coatings Market to Expand with Significant CAGR During 2027

10-31-2018 03:37 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Flex Pack Coatings Market to Expand with Significant CAGR During

Upsurge in demand for packaging solutions from industries such as food and beverage, pharmaceutical, cosmetics, electronics and lubricants has led to the expansion of flex pack coatings market. Flex pack coating maintains freshness and integrity of material by protecting it from the external environmental hazards during transportation and storage. Flex pack coating can be used for providing information to the customer about the product and the manufacturing company. It also helps in providing protection to the contents by creating a barrier against moisture, gas, UV light, etc.

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Flex Pack Coatings Market: Market Drivers

Flex pack coatings market growth is correlated with the demand for flexible packaging products. The flexible packaging industry is expected to grow at a CAGR of 3% over the forecasted period. Some of the factors for the growth of the flex pack coatings market is the need for storing products through longer shipping cycles and increasing the shelf life of the product. Moreover, the growing demand for lightweight and compact items along with increased preference of e-commerce for procuring goods is also influencing the flex pack coating market. However, food and pharmaceuticals are the most dominating sectors in the flex pack coatings market.

As the awareness for the environment protection is increasing, consumers now prefer to purchase products which are labeled environment-friendly. So the demand for the sustainable flex pack coatings market is expected to grow significantly. The low price to performance ratio has encouraged the packaging providers to adapt for flex pack coatings. Innovations such as use of bio-based solutions and nanotechnology may provide significant opportunities in the flex pack coatings market.

Flex Pack Coatings Market: Market Restraints

The rising concern amongst regulatory bodies across the globe regarding plastic waste caused by the extensive use of flex pack coatings, acts as a restraint for the flex pack coatings market. The inability of the flexible packaging to compete with the rigid packaging in terms of product protection from physical hazards can reduce its demand. Interaction of the flex pack coating material especially in the case of the reactive product can also be the factor for limiting the growth of the flex pack coatings market.

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Flex Pack Coatings Market: Market Segmentation

Flex pack coatings market can be segmented by packaging type, materials, and end-use industry.

Based on the by packaging type flex pack coatings market is segmented into:

Pouches
Bags
Boxes
Over Wrap
Blisters
Based on the material, flex pack coatings market is segmented into:

Polyvinyl Chloride
Polyethylene
Polyethylene Terephthalate
Polypropylene
Based on the end use industry, flex pack coatings market is segmented into:

Food and Beverage
Pharmaceutical
Household Products
Personal Care & Cosmetics
Industrial Packaging
Electronics
Oil & Lubricants
Flex Pack Coatings Market Regional Outlook

Regionally Flex Pack Coatings market can be segmented as

North America
Latin America
Eastern Europe
Western Europe
Asia-Pacific, excluding Japan (APEJ)
Middle East & Africa (MEA)
The demand for the flex pack coatings is expected to grow at a steady rate in the period of 2016- 2024. North America is expected lead in term of demand for flex pack coating. In Latin America & APEJ flex pack coatings market is expected to grow due to increased consumer preference for lightweight products. There is a significant increase in the number of modern retail formats in Latin America and APEJ region. The growth for Flex pack coatings in Eastern and Western Europe is almost negligible. There would be a minor increase in the use of flex pack coatings in Japan due to increase in shipment values in Japanese region.

Some Key players of Flex Pack Coatings Market

Some of the key players of Flex pack coatings are FPS Pty Ltd, Innovative FlexPak LLC, Flex Film Ltd, LEIPA Georg Leinfelder GmbH, Balmer Lawrie & Co. Ltd, Uflex Ltd, Bemis Co. Inc., Sigma Plastics Group, Sealed Air Corp, Berry Plastics Corp., DuPont Co, Winpak Ltd, etc.

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About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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