Flexible Packaging Market Global Trends 2016 to 2024, Future Growth & Industry Drivers

Flexible Packaging Market will grow lucratively over the coming seven years owing to the surging demand from various end-use sectors such as food and beverage, healthcare, personal care, and industrial. Shifting trends toward convenient packing are influencing the manufacturers to adopt the flexible packaging techniques, driven by its lightweight characteristic. As per a report by Global Market Insights, Inc., “Flexible Packaging Market worth over USD 150 billion in 2015, is anticipated to grow at a CAGR of more than 5% over the period 2016–2024.” Favorable characteristics like user-friendliness, easy storage, lesser consumption of raw materials, and excellent moisture resistance properties will further trigger the industry demand.

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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The report offers all-inclusive analysis of:

1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period

In terms of products, flexible packaging industry is segmented into standup pouches, pillow pouches, and four side seal pouches. Stand-up pouch is the most preferred product, owing to its versatility in various end-use applications. Stand-up pouches market size is estimated to account for a revenue share of USD 75 billion by 2024 owing to its attributing features such as high barrier properties against oxygen and moisture, low material consumption, and reasonable costs.

Pillow pouch packaging market is also linearly growing with the rising consumption of the product from diary and processed food &beverage industry. It is projected to register an annual growth rate of more than 4% over 2016-2024.

Food and beverage is one of the most prominent sector partaking in the flexible packaging market. It accounted for more than 50% of the total volume in 2015 and is projected to exhibit a substantial growth in the years to come. Upgraded living standards along with shifting consumer preference toward hygiene and food safety are positively influencing the flexible packaging industry share in this sector.

Driven by the increase in disposable incomes fueled by various supporting government regulations, health care application is poised to witness the highest growth over the coming seven years.

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

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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

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.

High barrier properties against moisture and oxygen coupled with low material usage and cost effective properties will fuel the stand-up pouches demand. Thermally processed foods are packed in these products to extend the shelf life. Other flexible packaging products include retort pouches, four side seal pouches, blisters, lidding, and portion packs.

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.

6. Flexible Packaging Market Regional Insights

U.S. antibacterial glass market share is expected to witness growth over 6% CAGR over forecast timeframe. Increasing focus towards hospital sector is expected to drive the industry growth.

Europe is expected to reach USD 150 million by 2023.Introduction of various standards including EN 1650, EN 13697 and EN 1276 in food industry to evaluate the fungicidal and bactericidal properties of chemical disinfectants may propel the antibacterial glass market size. Presence of major companies in this region is also expected to influence the business growth.

Rising consumer awareness regarding health benefits of functional food, growing needs of aging society and government intervention to promote better nutritional practice will drive the Asia Pacific antibacterial glass market share. It has been analyzed that in Australia approximately 44.2% of population regularly consume supplements, minerals or vitamins from most widely consumed brands including Nature’s Own, Blackmores and Berocca.

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7. Competitor Profiles

Key industry players will expand their product portfolio and regional presence through strategic collaborations and joint ventures. Amcor Limited, Sonoco Products Company, Constantia Flexibles Group, Sonoco Products Company, Bemis Company, and Huhtamaki Group are some of the major giants in flexible packaging market.

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.

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Global Market Insights, Inc.
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