Press release
Flexible Packaging Market 2020 | USD 250 Bn Revenue | Constantia Flexibles, Mondi Group, Amcor, Bemis Company Inc., ExxonMobil, Sealed Air Corporation
Flexible Packaging Market
Flexible packaging market trends are being driven by the ongoing plethora of changes in the packaging sector, that lately demands products equipped with robust heat and moisture resistance features, sustainable packages to combat carbon footprint, and unconventional packaging formats. The paradigm shift towards the food safety and consumer health has stimulated the product demand worldwide.
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According to a research report, the global flexible packaging market size is anticipated to be valued at USD 250 billion by 2024.
The global flexible packaging market is segmented into material, product, applications, and the regional outlook.
Considering the material gamut, flexible packaging market is divided into polymer, aluminum, cellulosic, and paper material. Polymer material among these will gain massive traction through 2024, ascribed to the material's superior high temperature properties, high strength, and oxygen and carbon dioxide barrier properties. Moreover, sliding preferences of the developers towards the material are likely to drive the product demand over the course of time.
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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According to credible sources, the polymer material segment held over 70 per cent of the global flexible packaging market share and is probable to grow at a CAGR of 5.5 per cent through 2024.
On the other hand, APAC emerged as a major revenue pocket region for the global market in 2015, with a valuation of USD 35 billion, and is likely to develop at a prodigious pace in the near future. This is attributed to the augmenting power and economic conditions in the region driven by India and China. In addition to that, penetration in the e-commerce sector has also had a positive impact in the region.
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