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Flexible Lid Stock Packaging Market Driven by Increasing Smaller Households and Convenient Way of Handling With Barrier Properties
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Superior microbial barrier properties offered by high density polyethylene fibers such as Tyvek of DuPont is a popular flexible lid stock packaging material for surgical instruments and implantable devices. Also, demand from various application sectors especially from dairy and food industry is expected to augment the growth of flexible lid stock packaging market. Increasing growth of packaging industries has positive influence on the flexible lid stock packaging market, since major companies such as Oracle Packaging, Pregis LLC and others are expanding their extrusion facilities. The competition among manufacturers is strong and thus, offering products beyond food industry is seen to be a strategic move. Flexible lid stock packaging in pharma and medical devices are expected to be major growth generating sectors during the forecast period.
Increasing smaller households and convenient way of handling with barrier properties, drives demand for flexible lid stock packaging market. Besides, increasing use of ready to eat meals fuels consumption of flexible lid stock packaging market. The sterile properties offered by flexible lid stock packaging materials momentous the usage in medical instruments and devices. Also, population growth is expected to drive the market of flexible lid stock.
The global flexible lid stock packaging market is segmented on the basis of type, process and application.
Based on the material type the global flexible lid stock packaging market is segmented into:
Paper
Aluminum foils
Non-woven
Polymer films
Metalized polymer films
Based on the type of manufacturing process the global flexible lid stock packaging market is segmented into:
Extruded films
Extrusion coating
Fluid coating
Laminations
Based on the end-use industry the global flexible lid stock packaging market is segmented into:
Food and Beverage
Dairy
Chemicals
Personal Care
Health Care
Specialties
Others
The global flexible lid stock packaging market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia-Pacific is anticipated to be the dominant market in terms of consumption for flexible lid stock packaging market followed by North America and Europe. China, India, Indonesia, South Korea and Japan are the key countries for next generation growth in Asia Pacific region. Factors such as urbanization, increasing standard of living, convenient handling and trend towards smaller households will stimulate the demand for the flexible lid stock packaging market globally.
Some of the key players in the global flexible lid stock packaging market are Chase Corporation, Constantia, Glenroy Inc., Oracle Packaging, Huhtamaki Group, International Plastics, Berry Plastics Corporation, Schur Flexibles Group, Heyne & Penke Verpackungen GmbH, Printpack Inc., Winpak Ltd etc. The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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