Flexible Paper Market Growth Pattern and Trend Analysis 2021-2027 | Major Market Players Are Detmold Group, Magnum Packaging, Tetra Pak International, WestRock Company

Flexible paper not only plays a vital role in the eliminating of the beverage and food waste, but it also lets the online brands to revive the packaging and enhance the e-commerce experience. In comparison to the other materials, comprising metals and plastics, flexible paper packaging materials can be quickly recycled and reprocessed. Flexible paper is mainly used for food, which contributes to more than 60% of the total market, according to the Flexible Packaging Association. Brand owners are taking on films, pouches, and bags as a go-to packaging solution, acknowledgments in part to extensive acceptance by American consumers.

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As a result of the recent COVID 19 outbreak, the flexible packaging producer is experiencing supply chain interruption as well as reduced manufacturing at its facilities in several areas of the world. To support the smooth flow of the supply chain, GFSI certification programs offer six-month certificate extensions by conducting a remote audit and risk assessment relevant to COVID-19, allowing the organization to approve a new supplier location without an on-site audit to satisfy demand.

By Type:
Uncoated Paper
Coater Paper
Sack Kraft Paper
Gift Wraps

By Application:
Food and Beverages
Chemicals and Fertilizers
Pharmaceuticals
Automotive and Allied Industries
Electrical and Electronics
Consumer Goods
Others

Major market player included in this report are:
Huhtamaki Group
International Paper
DS Smith
Oji Holdings Corporation
Georgia-Pacific
Packaging Corporation of America
Detmold Group
Magnum Packaging
Tetra Pak International
WestRock Company

Major Drivers, Restraints, Challenges and Opportunities
The flexible paper market is predicted to increase significantly as customers adopt more environmentally friendly packaging materials. Because of its lightweight, cost-effectiveness, and durability, flexible packing paper is widely used. Flexible packaging paper products take up less shelf space than stiff packaging paper products. Furthermore, high-quality rotogravure or flexography print designs can be printed on flexible paper to give an artistic, elegant, and appealing appeal to attract buyers.

Flexible paper also offers a variety of presentation options, allowing product designers to improve the product's aesthetic appeal as well as its branding. This is leading to a growing preference among product makers for flexible packaging paper solutions over plastic in primary packaging.

Market Segmentation
Based on type, the coated paper segment is predicted to lead the worldwide flexible paper market due to rising market demand for customer-friendly packages and enhanced product protection, boosting flexible packaging as a viable and cost-effective option.

By application, the food beverage category is expected to grow at the fastest rate throughout the estimated period, owing to increased demand for packaged foods such as ready-to-eat meals, frozen meals, snack foods, and cake mixes.

Regional Outlook
During the projected period, the US market is expected to dominate the worldwide flexible paper market in North America. China and India are likely to be the fastest-growing markets in Asia Pacific. Furthermore, due to severe plastic usage regulations, China and India have seen a shift in demand from plastic to paper. Furthermore, as a mature industry, Europe is likely to see sluggish growth in the market over the forecast period.

The Chinese government is apparently considering adopting improved meat handling and distribution procedures, so the market for flexible packaging paper is expected to rise. Despite China's low flexible packaging use for meat and fresh produce, even a little increase in the novel packaging segment might boost the flexible packaging paper industry.

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Competitive Landscape
Because customers are already aware of the benefits of paper, it is easier for manufacturers in the flexible paper market to experiment with novel materials like glassine, which gives products a more refined appearance.

Some of the key players operating in the global market are International Paper Company, Pratt Industries, Inc., Smurfit Kappa Group plc, KapStone Paper and Packaging Corp, WestRock Company, Oji Holdings Corporation, DS Smith Packaging Limited, and Packaging Corporation of America, etc.

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This release was published on openPR.