Flexible Packaging Conference October 2017 Focuses on The Ways Innovations Can Impact on The Development of The Packaging Market
Globally, flexible packaging market is growing due to growing demand from food & beverages industry and innovation in packaging products. Factors driving flexible packaging market are its light weight, recyclable characteristics and feasible for usage. Many manufacturing industries are shifting to flexible packaging as there is growing demand by consumers.
The market for global flexible packaging is segmented in mainly four segment namely, material, product, printing technology, and application. Market Segmentation by material includes – plastic, paper, aluminum, and others. Market categorization on basis of product includes pouches, bags, wraps, and others. On the basis of printing technology, it is segmented as flexography, digital printing, and others, Furthermore, on the basis of application the market of flexible packaging is segmented as food & beverages, pharmaceuticals, personal care, other industries. The market for flexible packaging is expected to grow at 5.92% CAGR (2017-2023).
Leading industry players including The Dow Chemical Company, BOBST, Mitsui Chemicals, UBE, Kuraray, UTECO Converting, HP Indigo, Kodak, Macchi and others presented their new technologies. Marzek Etiketten+Packaging (Marzek)
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• September, 2017 - Uflex Ltd announced that the company has developed flexible packaging material with anti-microbial properties. The special properties of the FDA approved packaging material keeps the pouch active by scavenging microbial growth thereby enhancing the shelf life of the cooked food packed inside.
• October, 2017 - Marzek Etiketten+Packaging (Marzek) Expands in Hungary by opening flexible packaging plant
Flexible Packaging Market – Regional Analysis
Asia-pacific dominates the global flexible packaging market with the largest market share, of 31.72% in 2016. The booming e-commerce market in the region is also contributing to the growth of the flexible packaging market. The e-commerce market is boosted by the increasing internet penetration. North-America is expected to grow at 6% CAGR during the forecast period.
Flexible Packaging Market – Segmentations
Segmentation by Material: Comprises - Plastic, Paper, Aluminium, and other.
Segmentation by Products: Comprises - Pouches, Bags, Wraps and other.
Segmentation by Printing Technology: Comprises - Flexography, Digital printing, and other.
Segmentation by Application: Comprises - Pharmaceutical, Food & Beverages, Personal Care, and other.
Segmentation by Region: Comprises - Geographical Regions.
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