Flexible Packaging Market Forecast to 2024 | Key players are Constantia Flexibles, Mondi Group, Amcor, Bemis Company Inc., ExxonMobil, Sealed Air Corporation
This report provides an exhaustive account of the industry including:
o Flexible Packaging Market size, historical from 2013 to 2015 and annual forecast from 2016 to 2024
o Major Flexible Packaging industry trends, technology evolution, economic indicators and business challenges
o Regulatory and geopolitical trends impacting the industry
o Business drivers and pitfalls impacting key regional markets
o Competitive landscape of the industry and detailed profiles on major companies
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 Report includes an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.
Surge in demand for convenient packaging due to changing lifestyles and hectic schedules has enhanced the flexible packaging market. Shifting manufacturers preference towards flexible packaging due to low raw material usage, waste reduction and cost-effective properties. Moreover, low storage space and transportation costs will propel the industry growth.
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 ACTEGA GmbH
o Berry Plastic Group
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The U.S. flexible packaging market revenue was valued around USD 30 billion in 2015. Upsurge in demand for bakery products and confectioneries among consumers will support the product demand. Europe, dominated by Germany and Russia is anticipated to grow at about 3.5% by 2024. Rising demand for processed food and cosmetics will stimulate the demand.
Asia-Pacific is the fastest growing market and was valued over USD 35 billion in 2015. Improving purchasing power and economic conditions in India and China will support the flexible packaging market growth. Increased product consumption in pharmaceuticals, cosmetics, food & beverages industry will propel the industry growth. Expansion in e-commerce industry will positively influence the revenue growth in this region.
Global flexible packaging market is fragmented owing to presence of numerous regional players. Major industry participants include Sonoco Products, Huhtamaki Group, Bemis, Constantia and Amcor. Several other participants are Sealed Air Corp, Mondi Group, Ampac Holdings, Ukrplastic and Wipak Group.
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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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