Press release
Flexible Packaging Market Global Trends 2016 to 2024, Future Growth & Industry Drivers
Flexible Packaging Market size is estimated to surpass USD 250 billion by 2024.Improved barrier properties, technological advancement in thin elastic material along with reduced wastage are key trending factors driving the flexible packaging market growth. Superior sealing, heat insulation and barrier against moisture makes the product more attractive for end user industry. Flexible packaging shares a major portion in the packaging industry size, shift in consumer preference towards convenient packing and ease to store & transport properties supported the product growth.Global Market Insights has a new study based report titled " Flexible Packaging Market Size By Material (Polymer [PE, PP, PET], Paper, Aluminum, Cellulosic), By Product (Pillow Pouches, Stand-up Pouches, Four Side Seal Pouches), By Application (Food & Beverage, Personal Care, Healthcare, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, India, South Korea, Japan, Indonesia, Malaysia, Australia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".
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Food & beverages flexible packaging market generated over USD 85 billion revenue in 2015. Changing lifestyle and eating habits along with increase in consumer affordability leading to the industry growth in this segment. Rising preference for packaged & processed food owing to its extended shelf life properties and prevention from contamination will create notable opportunities for flexible packaging market growth.
The Flexible Packaging Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Flexible Packaging Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
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4. Flexible Packaging Market Product Insights
Stand up pouches and pillow pouches are most widely used flexible packaging products. Pillow pouches will witness high gains because of their increasing usage in food & beverages and dairy industry. Low cost, high sealing ability and cost efficient transportation are some of the key properties positively influencing product penetration.
5. Flexible Packaging Market Application Insights
Upsurge in demand from packaged and processed food as a result of changing lifestyle and eating habits has positively influenced flexible packaging market share from food and beverages application.
The segment already accounted for over 50% flexible packaging market in 2015. Increasing spending on bakery and cereal goods along with rising consumer consciousness pertaining to food safety and hygiene will drive the industry growth in this segment. Digital printing technology is widely used in this industry to serve the purpose of labelling on the flexible packaging. Enhanced safety, less maintenance, efficient energy consumption and minimizing waste are some of the beneficial factors enhancing digital printing.
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6. Flexible Packaging Market Regional Insights
Europe flexible packaging market, driven by Russia and Germany will witness over 3.5% CAGR up to 2024. Increasing consumer demand for cosmetics and processed food owing to the rising purchasing power will drive regional growth.
U.S. flexible packaging market was worth around USD 30 billion in 2015 and is set to witness significant gains.
Asia Pacific fl generated over USD 35 billion in 2015, with over 6% CAGR by 2024. Economic development in India and China, along with food & beverages, and pharmaceuticals industry expansion are lucrative factors driving growth.
Latin America flexible packaging market was valued over USD 5 billion in 2015, is set to grow at over 5% by 2024. Brazil and Argentina will be key contributing countries, increase in consumer affordability along with e-commerce industry expansion will support the business growth.
7. Competitor Profiles
Other notable companies include Wipak Group, Clondalkin Group Holdings BV, Ukrplastic, Ampac Holdings, Mondi Group and Sealed Air Corporation.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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