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Flexible Packaging Market 2018-2024 Growth & Regional Revenue By Global Players - Bemis Company Inc., Amcor, ExxonMobil, Mondi Group, Constantia Flexibles, Sealed Air Corporation

Flexible Packaging Market

Flexible Packaging Market

Flexible Packaging Market size is estimated to surpass USD 250 billion by 2024; according to a new research report by Global Market Insights, Inc. 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.

Key industry players will expand their product portfolio and regional presence through strategic collaborations and joint ventures. Amcor Limited, Sonoco Products Company, Constantia Flexibles Group, Sonoco Products Company, Bemis Company, and Huhtamaki Group are some of the major giants in flexible packaging market.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1145

Food and beverage is one of the most prominent sector partaking in the flexible packaging market. It accounted for more than 50% of the total volume in 2015 and is projected to exhibit a substantial growth in the years to come. Upgraded living standards along with shifting consumer preference toward hygiene and food safety are positively influencing the flexible packaging industry share in this sector.

Driven by the increase in disposable incomes fueled by various supporting government regulations, health care application is poised to witness the highest growth over the coming seven years.

Below are the regional highlights positively influencing the global flexible packaging market

• Asia Pacific flexible packaging industry dominated by China and India, contributed noticeably toward the overall share with USD 35 billion in 2015, and is projected to grow at a CAGR of 6% over 2016-2024. Emerging economics along with expanding processed food and pharmaceutical industry are the major factors driving the regional demand.

• Owing to the growing consumer demand for cosmetics and functional food, Europe flexible packaging industry led by Germany and Russia is also forecast to attain heavy gains at a CAGR of 3.5% over the period 2016-2024.

• U.S. flexible packaging market worth over USD 30 billion in 2015, will observe a significant growth driven by the dairy product portfolio expansion, rise in disposable income, and technological innovations in the retail industry.

• Latin America dominated by Argentina and Brazil accounted for a revenue of USD 5 billion in 2015 and is slated to grow at an annual rate of 4% over 2016-2024. E-commerce market expansion triggered by consumer affordability will further propel the regional industry growth.

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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.

- 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)

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/flexible-packaging-market

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.

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.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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