Press release
Flexible Packaging Market Competitive Analysis by top key players like Constantia Flexibles, Mondi Group, Amcor, Bemis Company Inc., ExxonMobil, Sealed Air Corporation
Flexible Packaging Market
Global Flexible Packaging Market size was estimated at USD 150 billion in 2015 and is projected to surpass USD 250 Billion by the year 2024.
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Flexible packaging market size is being driven by the extensive applicability of packaging products across various sectors including food & beverage, personal care, and healthcare.
During the period of 2016-2024, the Flexible Packaging Market is anticipated to expand with a CAGR of 5%
Food & beverages sector is one of the largest end-use segments of flexible packaging market, attributed to the extensive product use for packaging a wide array of food products. More than half of the food & beverage packing consist of the flexible options as the industry is an early adopter of flexible packaging. Food & beverage application sector is projected to account for a substantial percentage of over 55% of the market share by 2024.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Ampac Holdings LLC
o Amcor Limited
o Constantia Flexibles Group GmbH
o Bemis Company Inc.
o Sonoco Products Company
o Mondi Group
o Coveris Holdings S.A.
o Sealed Air Corporation
o Clondalkin Group Holdings B.V.
o Wipak Group
o Bischof + Klein International
o Goglio Group
o AR Packaging
o Schur Flexibles
o Flair Flexible Packaging Solution
o Clondalkin Group
o S?dpack Verpackungen
o Cellpack Packaging
o ExxonMobil
o ACTEGA GmbH
o Berry Plastic Group
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Change in consumer demand pertaining to rapidly transforming lifestyles has resulted in growing inclinations toward ready-to-eat foods, frozen meals, snacks, and many other packaged food items. The increasing adoption of such food products will in turn fuel flexible packaging market growth.
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.
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