Flexible Plastic Packaging Market Research Study for the Period (2017-2027)
Flexible plastic packaging is a type of packaging where plastics that are used is thin, light, and which are simply stretchable but yet retain the obstacle properties and tear and puncture resistant features that are why it is used for packaging products. Flexible plastic packaging is cheap, visually appealing and chemically inert which increases the brand demand of the products that are used in packing. Mostly Flexible plastic packaging are used for fast moving unit loads and to pack non-durable which has limited bulk industrial use with the exemption of FIBCs.
Flexible packaging helps in reducing the waste of food as the shelf life of the food product is increased according to Industry Council for Research and Packaging on the Environment (INCPEN). Advanced packaging for milk pouches is helping the transportation easy and without nay refrigeration possible.
Global Flexible Plastic Packaging Market: Segmentation
Based on the pack type, Global Flexible Plastic Packaging Market can be segmented into:
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Based on the material, Global Flexible Plastic Packaging Market can be segmented into:
Low-Density Poly Ethylene (LDPE)
High-Density Poly Ethylene (HDPE)
Poly Vinyl Chloride (PVC)
Based on the application, Global Flexible Plastic Packaging Market can be segmented into:
Fruits and Vegetables
Healthcare Product Packaging
Based on the Printing Technology, Global Flexible Plastic Packaging Market can be segmented into:
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Based on the end-use industry, Global Flexible Plastic Packaging Market can be segmented into:
Food and Beverage
Personal and Homecare
Global Flexible Plastic Packaging Market: Regional Outlook
On the basis of the geographical market segment, Global Flexible Plastic Packaging Market is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.
In regional segments, Asia-Pacific is the leading market for the global flexible plastic packaging market and is anticipated to continue its position during the forecast period. The expansion is mainly attributed to increasing of the packaging industry due to emerging markets in China and India followed by North America. Moreover, the flexible plastic packaging market in Europe is also rising during the forecast period as the application of flexible plastic packaging in food packaging industries is increasing.
Global Flexible Plastic Packaging Market: Drivers and Restraints
The global Flexible Plastic Packaging Market is expected to witness sustained growth over the forecast period. Flexible plastic packaging has made the life of the consumers easier due to its functionality and sustainability which is the major factor for the growth of flexible plastic packaging market growth across the globe. Nowadays, a variety of pouches can be easily found in the supermarket, grocery stores, and various other stores.
Rising Demand of flexible plastic packaging market from Pharmaceuticals and Healthcare Industry is also boosting the flexible plastic packaging market.
Furthermore, the fluctuating prices of raw materials are the major restraints in the growth for flexible plastic packaging manufacturers.
Global Flexible Plastic Packaging Market: Key Players
Some of the players operating in the Flexible Plastic Packaging Market includes Amcor, BASF S.E., AEP Industries, Amcor, Bemis Company, Constantia Flexibles, Berry Plastics, DS Smith, Sealed Air, Sonoco, Bischof + Klein SE & Co. KG and few other regional players. As the plastic Packaging is being accepted in most of the products. Manufacturers of flexible plastic packaging are improving their packaging to attract the consumers.
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