Press release
Flex Pack Coatings Market Size, Share, Growth, Outlook 2017-2027: FPS Pty Ltd, Innovative FlexPak LLC, Flex Film Ltd, LEIPA Georg Leinfelder GmbH
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.
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.
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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.
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)
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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.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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