Press release
Flexible Packaging Market Its Competitive Analysis Between 2016 – 2024
Flexible Packaging Market size is estimated to surpass USD 250 billion by 2024; according to a new research report.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.
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Growth drivers:
Industry pitfalls & challenges
Growth potential analysis
Emerging business models
Stringent government regulations associated with petrochemical product usage and crude oil price instability due to political unrest will impact flexible packaging market price trend.
Polymer flexible packaging market was among the major revenue contributor in material segment, accounted for over 70% of the total industry volume in 2015. High durability, adaptability to modification and cost effectiveness properties supported the demand in this segment. Paper packaging market size was valued at over USD 15 billion in 2015. Increasing utilization in pharmaceutical and medical industry to reduce contamination and infection will enhance product penetration.
Europe, led by Russia and Germany will observe gains over 3.5% up to 2024. Processed food and retail industry expansion are key stimulating factors fueling regional industry growth. China flexible packaging market was valued at over USD 8 billion in 2015, with revenue growth over 6% up to 2024. Food &beverage and pharmaceuticals were key revenue generating applications.
Get Discount on this Report: https://www.marketstudyreport.com/check-for-discount/549093/ U.S. flexible packaging market from food &beverages was worth above USD 15 billion in 2015. Increase in disposable income, confectionary &dairy product portfolio expansion along with technological advancement in barrier materials are the key factors influencing the industry growth.
Latin America, driven by Brazil and Argentina will witness CAGR over 4% by 2024. Increase in urban population, expanding e-commerce industry has fostered regional demand. Global flexible packaging market share is fragmented with the presence of numerous regional companies. Amcor Limited, Sonoco Products Company, Constantia Flexibles Group, Huhtamaki Group and Bemis Company are the key industry participants.
Other notable industry players include Mondi Group, Clondalkin Group Holdings BV, Ukrplastic, Ampac Holdings, Sealed Air Corporation and Wipak Group.
Flexible Packaging Market By Product: Pillow pouches, Stand-up pouches, For side seal pouches, Others (Retort pouches, blisters, lidding, portion packs).
Flexible Packaging Market, By Application Food &beverage, Personal care, Healthcare Industrial, Others (Retail)
The above information has been provided on a regional and country basis for the following:
North America, U.S., Canada, Europe, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, Asia Pacific, China, India, South Korea, Japan, Indonesia, Malaysia, Australia, Thailand, Latin America, Brazil, Mexico, Argentina, MEA, Saudi Arabia, UAE, South Africa
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