Press release
Flexible Packaging Market Factors Boosting Industry To Record An Impressive Growth
Flexible Packaging
Flexible packaging is a packaging film that is produced from flexible materials which can be used to package different shapes and size of the product. It is made up of paper, plastic, foil, sheet, laminated sheet, and metal sheet. They ensure protection from damage during transportation and storage. They increase shelf-life of the product and also reduce the production waste as it offers the least packaging possible.
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The rising demand for flexible packaging in the primary packaging of the product is expected to accelerate market growth. The prime function of primary packaging is to protect the product from any damage and contamination. Flexible packaging has all sorts of properties that exactly meet with the primary packaging such as lightweight, low contamination, high barrier, and keeps the product completely sealed off from the environment. Thus, flexible packaging across primary packaging is expected to augment the market growth.
Regionally, Europe dominated the global flexible packaging market in 2018, reporting 36% market share in terms of revenue, followed by North America and Asia-pacific, respectively.
Increasing addition of layers into a flexible packaging structure in order to improve the functionality and economic viability of the flexible packaging is expected to offer immense growth opportunities. Moreover, the increasing advent of a new product such as high-temperature retort pouch, vacuum pouch, and stand-up pouches is encouraging flexible packaging manufacturer to introduce materials with advanced and improved properties this will favor the market growth.
The shift in trend from two- and three-layered films to seven- and nine-layered films due to its advantages such as extended shelf with fewer chances of contamination is expected to augment the market growth of flexible packaging film. For instance, in August 2015, Clondalkin Flexible Packaging Wentus announced the introduction of a new seven-layer barrier film under the brand name WENTOPRO for dry food products.
Competitive Section
Key players operating in the global flexible packaging market are Amcor Limited, Bemis Company, Sealed Air Corporation, Berry Plastics Group, Inc., Mondi Group, Sonoco Products Co., Huhtamäki Oyj, Constantia Flexibles Gmbh, Ampac Holdings, Llc, Bischof + KleinInternational, Wipak Group, AR Packaging, Goglio Group, Schur Flexibles, Clondalkin Group, Flair Flexible Packaging Solution Cellpack Packaging, and Südpack Verpackungen
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