Press release
Flexible Packaging Market 2021 Comprehensive Insights - Amron Limited, Mondi Group, Berry Global Inc, Sealed Air Corporation
The Flexible Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Flexible Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Flexible Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Flexible Packaging market.The Flexible Packaging Market is expected to grow at a CAGR of 3.87%, over the forecast period 2020 to 2025.
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Top Leading Companies of Flexible Packaging Market are - Amron Limited, Mondi Group, Berry Global Inc, Sealed Air Corporation 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 laboratory, one in Manchester, Michigan, US. With this, the company would cater 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:
Beverage Segment Holds Significant Share in the Flexible Packaging Market
- Flexible packaging not only plays a pivotal role in reducing beverage and product waste but also allows online brands to reinvigorate their packaging to enhance the e-commerce experience.
- The US Dairy Export Council (USDEC) and Food Innovation and Resource Center (FIRC), at Singapore Polytechnic, are leveraging the growing dairy demand by making Southeast Asian food with reduced salt and sugar, using US dairy ingredients.
- Southeast Asia is the second-largest market for US dairy exports, and the market was valued at USD 690 million, in 2017. According to USDEC, Southeast Asian customers are conscious of artificial food ingredients and prefer flexible packaging that significantly preserves the integrity of natural and clean label products.
North America to Have Significant Market Share
- The demand for flexible packaging products is generally driven by millennial customers in the region, as they have an ardent preference of single-serving and on-the-go style food and beverage foodstuffs.
- As these products are generally designed to be durable, portable, and lightweight, flexible packaging stands to be a famous option to pack such products. Firmest growing areas of snack foods, both in terms of processed foods and fresh items, are anticipated to govern the demand for flexible packaging from the food and beverage industry of the region.
- The United States is the largest market in the region. As per the Flexible Packaging Association, flexible packaging accounts for more than USD 31 billion as annual sales in the country being the second largest, and fastest-growing segment under the overall packaging industry. The overall industry additionally, employs nearly 80,000 workers in the United States.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Flexible Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Flexible Packaging Market (%),2016 - 2026
- Flexible Packaging Market Share, By Brand
- Flexible Packaging Market Share, By Company
- Flexible Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Flexible Packaging Market Value Analysis & Forecast
- Promising Flexible Packaging Development by Major Companies
- Detailed Flexible Packaging Portfolio of the Major Companies
- Major Deals in the Flexible Packaging Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/07202153465/flexible-packaging-market-growth-trends-forecasts-2020-2025?Source=openpr&Mode=namita
We Offer Customization On Report Based On Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 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 | +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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