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Flexible Packaging Market Size to cross $180 Billion by 2024 - Arizton

05-21-2020 04:21 PM CET | Logistics & Transport

Press release from: Arizton Advisory & Intelligence

Flexible Packaging Market Size to cross $180 Billion by 2024 -

The global flexible packaging market is expected to grow at a CAGR of over 3% during the period 2018-2024.

Application Insights

Consumer packaging accounted for a major share of the global flexible packaging market in 2018. Pouches, blister packs, and strip packs, among others, are the major product categories that cater to the consumer market and are sold at retail stores. The consumer packaging segment is growing at a moderate pace on account of increased consumption and per capita income.

End-user Insights

The F&B industry dominates the market for flexible packaging. The US, China, and India together accounted for a share of over 30% in global consumer spending in 2018 and are expected to drive the flexible packaging market demand in the food industry during the forecast period. Around 15% of the household expenditure was spent on food and beverages in these countries.

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The following factors are likely to contribute to the growth of flexible packaging market during the forecast period:

o Increased focus on sustainable flexible packaging
o Usage of high barrier plastic packing materials
o Increase in pouch packing across various end-users

Base Year: 2018
Forecast Year: 2019-2024

The study considers the present scenario of the global flexible packaging market and its market dynamics for the period 2018-2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent companies operating in the global flexible packaging market.

Key Vendors

o Amcor
o Edgewell
o Berry Global
o Mondi
o Sealed Air
o TC Transcontinental
o Sonoco
o Huhtamaki

Other Prominent Vendors

o American Packaging Corp.
o Bischof + Klein
o Constantia Flexibles
o Glenroy
o Global-Pak
o Greif
o Innovia Films
o International Paper
o Novolex
o Printpack
o ProAmpac
o Reynolds Group
o RPC Group
o Sigma Plastics
o Smurfit Kappa
o Stora Enso
o Uflex
o WestRock
o Winpak

Market Segmentation by Material

o Flexible Plastic
o Flexible Paper
o Foil

Market Segmentation by Product

o Bags and Sacks
o Pouches
o Others

Market Segmentation by Printing

o Flexographic
o Rotogravure
o Others

Market Segmentation by Application

o Consumer Packaging
o Industrial Packaging

Market Segmentation by End-user

o F&B
o Medical
o Personal Care
o Petfood
o Others

Market Segmentation by Geography

o China
o India
o Australia
o Japan
o South Korea
o New Zealand

o Europe
o Germany
o France
o UK
o Italy
o Spain

o North America
o US
o Canada

o Latin America
o Argentina
o Brazil
o Chile
o Mexico

o Turkey
o Saudi Arabia
o Egypt
o South Africa

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About Arizton Advisory & Intelligence

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including -Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Call: +1-312-235-2040/+1 302 469 0707

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