Flexible Packaging Market 2018: Segment, Advanced Technologies, & Top Key Players 2023

Packaging may be defined as an economical means of providing presentation, protection, identification, containment, convenience, and compliance for a product during storage, transportation, display, and usage. Flexible packaging refers to a package or material made of flexible and easily yielding materials, that when filled or closed can be readily change into multiple shapes. Moreover, flexible packaging is composed of plastics, papers, and metals as the key components of flexible packaging products, which are made from foil, paper sheet, laminated paper, and plastic layers.

Key market players in this sector include Amcor Limited, Bemis Company Incorporation, Sonoco Products Company, Mondi group, Coveris, Constantia Flexibles, Ampac Holdings LLC, Sealed Air Corporation, Huhtamaki Group, and Goglio SpA.

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Plastics dominate the flexible packaging market owing to certain characteristics such as they can be modified by co-polymerization and the addition of additives such as plasticizers, blowing agents, antibacterial additives, and color changing additives. Furthermore, the flexible packaging market is dominating owing to its characteristics of aroma retention, sealing & heating insulation, barrier against moisture, and strength. The aforementioned properties make flexible packaging ideal for the food & beverage and consumer goods industry as pre-cooked, processed, and packed foods are now being introduced in flexible packaging, thereby making way for trends such as modified atmosphere packaging and vacuum packaging.

This report projects the trends and opportunities of the world flexible packaging market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period. Our research teams have used various secondary resources and directories such as industrial databases, journals, magazines, and primary resources coupled with industry oriented measures, which include industry-related expert interviews to obtain key information and valuables, which makes it an asset for players in the market.

The emergence of bio-based and biodegradable films is the primary factor that fuels the growth of the global flexible packaging market. Moreover, with the utilization of metalized films such as application of aluminum layer on a polymer surface, the product obtained proves to be oxygen and water transmission resistant, thereby leading to market growth. Moreover, the demand for small packs has given an impetus to the flexible pouch segment, which can be used in small material packaging.

In addition, ease of printing has made flexible packaging a branding and displaying tool for retail products. Replacement of conventional packaging materials such as glass, tin, plate, and jute with flexible packaging materials such as tetra packs, PET bottles, aluminum foils, etc., acts as an emerging opportunity for the market growth. The need to ensure the quality and safety of products and to preserve them from contamination and damage drives the demand for flexible packaging, globally. However, concerns related to handling in specific applications and various recyclability issues are expected to restrict the growth of the market in future.

The global flexible packaging markets market is segmented based on material type, product type, printing technology, application, and geography. By material type, it is classified as plastics, aluminum foil, and paper & paperboard. The plastics segment includes polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, and ethylene vinyl alcohol.

Based on product type, it is divided into stand-up pouches, vacuum pouches & bags, retort pouches & gusseted bags, wicketed bags, and others. Based on printing technology, the market is segmented into flexography, rotogravure, digital, and others. Based on application, the market is segmented into food and beverage packaging, personal care products, pharmaceutical products, tobacco products, agricultural products, and others. Others include sporting goods and agricultural products. Geographically, the flexible packaging market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2016-2023, which will assist in identifying prevailing market opportunities.
• Major countries in each region are mapped as per individual market revenue.
• The region-wise and country-wise flexible packaging market conditions have been comprehensively analyzed in the report.
• Key players of the flexible packaging market have been listed.
• This study evaluates the competitive landscape and value chain to understand the competitive environment across geographies.
• An in-depth analysis of segmentation of the flexible packaging market within the market has been provided, which will assist in prevailing market opportunities.

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