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Flexible Packaging Market 2020 Current Business Trends & Growth Opportunities

01-10-2020 10:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Flexible Packaging Market

Flexible Packaging Market

According to Global Market Insights, Inc., flexible packaging market size is projected to surpass USD 250 billion by 2024. Flexible packaging market size is being driven by the extensive applicability of packaging products across various sectors including food & beverage, personal care, and healthcare.

These packaging materials offer superior protection from several vulnerabilities such as dust, heat, moisture and many more parameters that interfere with the product quality. In addition, one the most important aspect of flexible packaging is sustainability, meaning, they produce less waste and thus greatly reduce the landfill discards.

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The personal care industry is driven by changing lifestyles in line with increasing consumer adoption of new hygiene routines. Owing to greater portability and affordability the introduction of small pack sizes is revolutionizing the retail sales of personal care products.

Consumers are preferring more functional and sustainable packaging solutions which have become an essential criterion while buying these products. For this reason, the companies are incorporating innovative flexible packaging, which would play a key role to engage customers and satisfy their evolving needs.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• Ampac Holdings, LLC
• Amcor Limited
• Constantia Flexibles Group GmbH
• Bemis Company, Inc.
• Sonoco Products Company
• Mondi Grou
• Coveris Holdings S.A.
• Sealed Air Corporation
• Clondalkin Group Holdings B.V.
• Wipak Group
• Bischof + Klein International
• Goglio Group
• AR Packaging
• Schur Flexibles
• Flair Flexible Packaging Solution
• Clondalkin Group
• Südpack Verpackungen
• Cellpack Packaging
• ExxonMobil
• Berry Plastic Group

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The smaller format beauty products are expected to propel personal care flexible packaging market share throughout the forecast timeframe. For instance, frequently travelling consumers are always looking for portable personal care products for suitability. In addition, the younger generation exploring and trying out new product ranges will also support the growing demand for smaller formats beauty products.

Growing initiatives to recycle the single use personal care product packaging will impel flexible packaging market trends. For instance, several personal care and home care brands have partnered with “TerraCycle” to create a “loop” which promises to collect the waste packaging so that it can be re-used. Currently, a similar loop initiative has been successfully launched in the US and France and will later be introduced in the UK and Canada.

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Moreover, the rise in per capita income of the developing economies has been greatly supporting the adoption of personal care products. The further expansion of the personal care industry in the rising economies of the Asia-Pacific will lead toward increased demand for flexible packaging, further fostering the market demand.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

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.

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