Press release
Asia Pacific Flexible Packaging Market – Forecasts From 2016 To 2021
The demand for flexible packaging is also derived from the growth of various end-use industries such as healthcare, cosmetic and toiletries among others. Moreover, lightweight material, low production cost, and easier transportation reduce the overall operating cost for manufacturers, leading to increased adoption of these solutions to cater to their packaging needs.
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Emerging economies like China and India are expected to witness a substantial growth of flexible packaging market. China is expected to be the largest market for consumer flexible packaging due to its shift from production-based to a consumption-based economic structure. Rising number of supermarkets in the Asia Pacific region will also boost the demand for flexible packaging products, especially mushrooming demand for multipacks of various grocery products.
The technological advancements and innovations in the flexible packaging industry offer environmental-friendly benefits such as reduced use of plastic by way of package minimization, use of sustainable raw materials, reduced waste in the distribution chain, and reduced energy consumption during the recycling process. Moreover, flexible packaging generates fewer greenhouse emissions and contributes less to landfill waste against other packaging formats. Apart from governmental pressure towards sustainability, even consumers are now demanding sustainable packaging solutions due to rising environmental concerns.
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The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, regional regulations which are determining the market growth and a brief technological aspect of flexible packaging. Complete industry analysis has also been covered by Porter’s Five Forces model as a part of this report section.
Thirdly, Asia Pacific flexible packaging market has been segmented by packaging material, application, and geography. By packaging material, the market has been segmented into Paper, Aluminum Foil, BOPP Film, and Polyethylene Terephthalate among Others. By application, the segmentation has been done into Food Packaging, Beverage Packaging, Cosmetic and Toiletries, Pharmaceutical and Healthcare among Others. By geography, the market has been segmented into Japan, China, India, South Korea, and Australia among others.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry player profiles as part of this section are Amcor, Bemis, Mondi, Sonoco, and Wipak Group along with several other players.
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