Flexible Packaging Market 2018 : Global Industry Growth, Opportunities, Consumptions, Industry Analysis and Forecasts 2024

Flexible Packaging Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Flexible Packaging Market by product (pouches, bags, wraps, and others), material (plastic, flexible foam, paper, aluminium foils, and others), end user (food, beverages, pharmaceutical and medical, personal care and household care, tobacco, and others) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Flexible Packaging Market it includes the five years Industry analysis and the 6 years annual forecast from 2018 to 2024

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The report defines the global flexible packaging market as Non-rigid packaging used to package and protect products. According to the Flexible Packaging Association, flexible packaging is any package or any part of a package whose shape can be readily changed. Flexible packaging is manufactured high-grade materials including paper, plastic, film, aluminium foil, or any combination of those materials. They can be bags, pouches, labels, liners, wraps, roll stock, and other flexible products.

Flexible packaging is one of the major and fastest growing segment in the packaging industry. These packages are used for various consumer and industrial application to protect distribute a vast range of products. The growing adoption of flexible packaging across various end-use industries drives the growth if flexible packaging market. In addition, the flexible packaging provides safety and extending shelf life, even heating, and barrier protection. Additionally, they have reseal ability and excellent printability that will further increases its demand for flexible packaging across various industries. Furthermore, various factors such as increasing demand of consumer-friendly packages anticipated to boost the growth of flexible packaging market.  

On the basis of products

On the basis of products the global flexible packaging market segmented into, Pouches, Bags, Wraps and other products. The flexible pouches Holds the significant market shares in the flexible packaging market.

These are the form of packaging produced from several layers of plastic, aluminum, and other materials. They are generally used to protect the products from environmental and physical hazards during transportation and storage. The growing adoption of flexible pouches in the food and beverage and household application drives the growth of this in the flexible packaging. The convenience and reusability provided by the flexible packaging products are expected to escalate its growth in the global

Market Segmented by Material

Global Flexible Packaging Market by Material is segmented as Plastic, Flexible Foam, Paper, Aluminum Foils and others. Among these materials, plastic and Aluminum foils are held the significant shares in the flexible packaging market.

Market Segmented by application

Report highlighted by applications of flexible packaging market into Food, beverage, Pharmaceutical And Medical, Personal Care And Household Care, Tobacco and other end-use industry for several applications.

In the food and beverages industry the flexible packaging is used to store and deliver the food products. This packaging provides extending shelf life and enhanced product protection. Thus, the demand of flexible packaging from food industry is rising rapidly. The flexible packages are replacing other packaging technologies. This will lead to the high growth of flexible packaging in the food and beverage sector.

The popularity of the flexible packaging in the pharmaceutical and medical application is growing. The various Pharmaceutical packaging and medical device packaging manufacturers are vastly adopting flexible packaging. The flexible packaging provides Chemical resistance for hard-to-hold products, Oxygen, light, and moisture barriers and resist scalping of active ingredients.

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Regional Analysis

The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). Among the geographies, Asia Pacific accounted for the largest share in the flexible packaging market followed by North America. Various factors contributing in the growth of Asia Pacific flexible packaging market that includes large customer base for production, expansion of the E-commerce industry and rapidly rising manufacturing and packaging industries. Moreover, the growing popularity of flexible packaging is anticipated to produce numerous growth opportunities in the North America flexible packaging market.

Key Players

The report provides profiles of the companies in the global flexible packaging market such as Reynolds Group Holdings Limited, Mondi Group, Berry Plastics Group, Inc., Sonoco Products Company, Coveris Holdings S.A., Huhtamäki OYJ, Bemis Company, Inc., Sealed Air Corporation, Constantia Flexibles Group GmbH, and Amcor Limited.

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