Flexible Packaging Market 2021 Analysis by Global Manufacturers - Amcor Plc, Berry Global Inc., Mondi Group, Sealed Air Corporation, Coveris Holdings SA, UFlex Limited

The Flexible Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. This report also provides an analysis of the impact of the COVID-19 pandemic on Flexible Packaging Industry.

The Flexible Packaging Market was valued at USD 230.49 billion in 2020, and it is projected to be worth USD 289.89 billion by 2026, registering a CAGR of 3.89% during the forecast period (2021 - 2026).

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Top Leading Companies of Flexible Packaging Market are Amcor Plc, Berry Global Inc., Mondi Group, Sealed Air Corporation, Coveris Holdings SA, UFlex Limited, Huhtamaki Group, Proampac LLC, WIPF Doypak (Wipf AG), FlexPak Services LLC, Laser Packaging Manufacturing PTE Limited, KM Packaging Services Ltd, Sonoco Products Company and others.

Industry News and Updates:

- April 2020 - Smurfit Kappa launched a new Bag-in-Box filling solution for organic birch sap drink thus offering a perfect packaging solution for the drink that keeps it fresh for up to 24 months before opening and 8 weeks after opening.
- September 2019 - Amcor opened an e-commerce testing laboratories, one in Manchester, Michigan, US. With this, the company would cater to customers with online sales; particularly in pet food, sauces, beauty, and personal care, and home cleaning products. This laboratory is certified to test packaged products for ISTA 6A.

Key Market Trends:

Dairy Products are expected to Hold a Significant Market Share in the Food Segment

- The current market scenario is indicative of an upsurge in demand from diary products as the consumption of dairy products is increasing at a healthy rate. For instance, according to FAO, the consumption of cheese amounted to 20.96 million metric tons in FY2019, globally.
- Pouches are considered to be one of the most convenient packaging solutions for dairy and yogurt for out -of -home consumption. Companies and dairies are, hence, developing and using packaged pouches with creative lidding to gain consumers attraction.
- Factors, such as increasing yogurt consumption, advancements in seal and barrier technologies for pouches, and technological advancement for keeping the food fresh for longer times at all stages of the supply chain, are increasing the need for the longer shelf life of dairy products.
- Also, there is considerable traction in the adoption of vacuum pouches with a moderate barrier (PA/PE) or high barrier (PA/EVOH/PE) properties. These film-based vacuum pouches are being incorporated in Modified Atmosphere Packaging (MAP) applications and are majorly used for dairy and protein packaging.

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Flexible Packaging Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.

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