Press release
Converted Flexible Packaging Market 2021 To Witness Astonishing Growth - ProAmpac, Amcor Plc, Sealed Air Corporation, Sonoco Products Company
The Converted 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 Converted Flexible Packaging Industry.Converted Flexible Packaging Market is expected to reach a CAGR of 5.79% during the forecast period 2021 -2026.
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Top Leading Companies of Converted Flexible Packaging Market are ProAmpac, Amcor Plc, Sealed Air Corporation, Sonoco Products Company, Constantia Flexibles Group GmbH, Graphics Packaging Holding Company, Bischof + Klein SE & Co. KG, Honeywell International Incorporated, Oracle Packaging Inc. (Tekni-Plex Inc.), Transcontinental Inc. and others.
Industry News and Updates:
- February 2020 - ProAmpac, announced that it will build a Collaboration & Innovation Center (CIC) at its manufacturing facility near Rochester N.Y. The CIC will play an important role in accelerating ProAmpac’s product development, application testing and analytical capabilities.
- January 2020 - Amcor announced its partnership with Moda vacuum packaging systems in North America and Latin America. By combining Amcor’s shrink bag and rollstock film for meat and cheese with Moda’s system, producers can gain operational efficiencies and drive total cost savings.
Key Market Trends:
Seafood to Drive Growth in the Converted Flexible Packaging Market
- Seafood will continue to be one of the leading food markets driving growth in the converted flexible packaging sector. Seafood will continue to lead the market as against meat and poultry over the next coming years, and will be supported by ongoing consumer demand for individually wrapped portions as well as case-ready and pre-seasoned proteins.
- Pouches and bags used in the meat, poultry, and seafood markets are typically high-barrier products that help extend the shelf life of these products, which tend to be highly perishable. Additionally, a wide range of value-added features is used in this market to add convenience or marketability.
- Value-added uses for converted flexible packaging in the perishable proteins market include easy-peel films, cook-in bags and films, improved leak and puncture resistance, odor control and freshness extending components, films that allow for high-quality printing, and resealable bags and pouches (using zippers or peel and reseal films).
- Continued expansion to new applications based on advantages over rigid packaging, sustainability concerns prioritizing lighter weight of flexible packaging, and faster gains for pouches, due to increasing use of value-added convenience features are the key trends expected to influence the market.
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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https://www.marketinsightsreports.com/reports/05202907551/converted-flexible-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=PD
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 Converted 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.
We Offer Customization On Report Based On Specific Client Requirement:
– 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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Irfan Tamboli (Head of Sales) : Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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