Press release
Flexible Packaging Market Key Growth Drivers: Porter's Five Forces Analysis Through 2024-2031 - Mondi Group, CLONDALKIN GROUP, Berry Global Inc.
Flexible Packaging Market
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The Global Flexible Packaging Market reached USD 231 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 301 billion by 2031. The market is growing at a CAGR of 4.1% during the forecast period 2024-2031.
Flexible packaging refers to non-rigid packaging materials, such as pouches, films, and sachets, designed for convenience, lightweight, and cost efficiency. It is widely used in the food, pharmaceutical, and consumer goods industries due to its durability and adaptability. Flexible packaging reduces material waste and enhances product shelf life through barrier technologies. Advances in sustainable materials, including biodegradable and recyclable films, are shaping the industry's future. The demand for flexible packaging continues to grow as consumers prioritize convenience and eco-friendly options.
List of the Key Players in the Flexible Packaging Market:
Mondi Group, CLONDALKIN GROUP, Berry Global Inc, Amcor, Reynolds, Bemis Company, Inc, Sonoco, Constantia Flexibles Group GmbH, and Huhtamaki Group and Coveris Holdings S.A.
Industry Development:
On May 15, 2023, Fujifilm officially launched its Jet Press FP790 inkjet press at the Interpack event in Düsseldorf, Germany. Designed specifically for printing flexible film for packaging, this innovative press aims to revolutionize the packaging industry by offering high-quality, efficient, and sustainable printing solutions. The Jet Press FP790 is expected to meet the growing demand for customizable packaging, providing faster turnaround times and enhanced color reproduction for flexible materials.
Growth Forecast Projected:
The Global Flexible Packaging Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Flexible Packaging Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Flexible Packaging Market:
By Material: Polymer, Aluminum, Paper, Plastic, Cellulosic, Others.
By Product: Pouches, Films & Wraps, Bags, Others.
By Printing Technology: Digital Printing, Flexography, Others.
By End-User: Food & Beverages, Personal Care, Pharmaceutical, Others.
Regional Analysis for Flexible Packaging Market:
The regional analysis of the Flexible Packaging Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Flexible Packaging market?
➠ Who are the leading manufacturers in the global Flexible Packaging industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Flexible Packaging industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Flexible Packaging market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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Contact Person: Sai Kiran
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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