Flexible Packaging Market Trends, Growth, & Key Business Strategies by Leading Industry Players Amcor Limited, Mondi Group, American Packaging Corporation, Novolex Holding Inc.

Flexible Packaging Market Analysis and Overview:

According to Polaris Market Research, The Global Flexible Packaging Market was valued at USD 243 billion in 2018 and is projected to reach USD 335 Billion by 2026, growing at a CAGR of 4.3% from 2018 to 2026.

Flexible packaging involves packaging or container made from flexible or easily yielding materials, which can be readily change in shape. Flexible packaging usually includes bags, pouches, or wraps made of materials ranging in thickness from 13 to 75 micrometres. The materials used for flexible packaging include polyester, BOPP, foil, polythene, paper and metallised films among others. Flexible packaging is light-weight, and easy to open, carry, store, and reseal. It also extends the shelf life of many products, and requires less energy to manufacture and transport.

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The demand for flexible packaging has increased significantly over the years owing to increasing environmental concerns. Flexible packaging generates smaller quantities of greenhouse gases, and results in lesser consumer waste. The use of flexible packaging in diverse product categories such as healthcare, food and beverages, and retail among others also supports the flexible packaging market growth. The increasing trend of E-commerce has increased the demand for flexible packaging solutions. The increasing need to protect packaged goods while also protecting public health while handling food and beverages, and pharmaceuticals has increased the demand for flexible packaging solutions across the world. The increasing environmental concerns, growing need of protecting the environment, and compliance with government norms and regulations boost the growth of the flexible packaging market. Brands operating in the market are taking initiatives to offer brand differentiation and value to the consumer, while also providing necessary information about the packaged goods, and offering sustainable and eco-friendly flexible packaging solutions.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Flexible Packaging Market, 2018-2026. This Flexible Packaging market report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Asia-Pacific generated the highest revenue in 2018. There has been a significant increase in the environmental concerns in the region, thereby supporting the flexible packaging market growth. The environmental considerations, government support, and growth in food and beverage industry are actors expected to offer growth opportunities during the forecast period.

Competitive Landscape and Key Vendors

The global Flexible Packaging market is characterized by the presence of well-diversified international and small and medium-sized vendors. Leading companies are acquiring other companies, and enhancing their product offerings to improve their market share. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies profiled in the flexible packaging market report include Amcor Limited, Mondi Group, Berry Plastics Corporation, Sonoco Products Company, American Packaging Corporation, Novolex Holding Inc., Bemis Company, Inc, Constantia Flexibles International GmbH, Ampac Holding, and Sigma Plastics Group.

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Key Segments

Type

• Bags
• Pouches
• Wraps
• Others

Material

• Paper
• Plastic
• Flexible Foam
• Aluminium Foils
• Others

End-User
• Food and Beverage
• Healthcare
• Retail
• Consumer Goods
• Others

Region

• North America

o U.S.
o Canada
o Mexico

• Europe

o Germany
o UK
o France
o Italy
o Rest of Europe

• Asia-Pacific

o China
o India
o Japan
o Rest of Asia-Pacific

• Latin America

o Brazil
o Rest of Latin America

• Middle East and Africa

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