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Covid-19 Impact: Flexible Packaging Market 2019 Business Insights, Top Companies,Growth, Global Market Share, Trends, Outlook, Opportunity And Demand Analysis, Forecast Upto 2026
Flexible Packaging Market
Flexible Packaging Market – An Overview
Flexible packaging is a format that is made up of various materials such as plastic, paper, metal, etc., and has the barrier property to protect products from contamination and the external environment. Flexible packaging is widely preferred due to its properties such as cost-effectiveness, durability, and light weight. There is the use of a wide variety of plastic polymers that include polypropylene, polyethylene, polyester, and nylon in producing films for flexible packaging. These plastic films are used to create products such pouches, bags, and other flexible products.
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Asia Pacific (APAC) Region to Witness Growth Opportunities
The flexible packaging market in Asia Pacific is estimated to hold a dominant position in terms of market share, estimated to be ~41% in 2019 and ~45% by the end of the forecast period in the global flexible packaging market. China and India, together, are projected to account for ~57% of the APAC flexible packaging market in 2019. In the APAC region, India & China are the highly emerging markets for the extended growth of the flexible packaging market. The need for convenience packaging is the ongoing trend in the flexible packaging market in the Asia Pacific region. The packaging type that can increase the barrier property against the external environment, along with providing sustainability, raises the sales of flexible packaging in the market.
North America holds approximately one-fourth of the global flexible packaging market share. However, it is expected to experience less growth as compared to the market in the APAC region over the forecast period.
Global Flexible Packaging Market: Competition Landscape
In the global market report on flexible packaging, a detailed competition landscape is discussed. Some of the key players in the global flexible packaging market that are included in the report are Amcor plc, Winpak Ltd., Sealed Air Corp, Sonoco Products Company, Berry Global Group, Inc., DS Smith Plc, and Coveris Holdings S.A.. These are the market leaders with a combined market share of ~5% of the global flexible packaging market.
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Global Flexible Packaging Market: Classification
Flexible Packaging Market by Material
Plastic
Polyethylene (PE)
LDPE
LLDPE
HDPE
Polypropylene (PP)
CPP
BOPP
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polyamide (PA)
Ethyl Vinyl Alcohol (EVOH)
Polyvinyldiene Chloride (PVDC)
Bioplastics
PLA
PHA
Starch Based Plastic
Cellulose Fibers
Other Plastics
Paper
Virgin Paper
Recycled Paper
Metal
Inorganic Oxides
Adhesives & Coatings
Others (Fabrics, Non-wood Pulp, etc.)
Flexible Packaging Market by Product
Pouches
Stand-up Pouches
Flat Pouches
Bags & Sacks
Tubes
Liners
Sachets & Stick Packs
Labels
Tapes
Films & Wraps
Wrapping & Lamination
Lidding Films
Flexible Packaging Market by End-use Industry
Food
Beverages
Personal Care & Cosmetics
Pharmaceuticals
Electrical & Electronics
Home Care
Building & Construction
Automotive
Chemicals & Lubricants
Other Industrial
Flexible Packaging Market by Region
North America
U.S.
Canada
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Europe
Germany
Italy
France
U.K.
Spain
Benelux
Nordics
Russia
Poland
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
ASEAN
Australia & New Zealand
Rest of APAC
Middle East & Africa (MEA)
GCC Countries
North Africa
South Africa
Rest of Middle East & Africa
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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