Flexible Packaging | expected to reach US$358.7 bn in 2024: Light Weight of Packaging, Increased Shelf Life, and High Barrier against Foreign Adulteration Behind Demand

Press Release - 19 Mar 2018

Global Research and Development News --
. .
Report Description-
' '
The global flexible packaging market is very fragmented and because of the numerous players in the market, the nature of this market is very competitive. The entry level barriers is low and therefore the flow of new entrants is high, states Transparency Market Research in a recent report. The market is now witnessing a rise in the number of mergers and acquisition activities in Europe and North America mostly, which will result in consolidation of the market shares. Some of the key players in the flexible packaging market are: The Dow Chemical Company, Clondalkin Flexible Packaging Wentus, and Amcor Limited.
. .
– Get Sample Report https://www.researchmoz.us/enquiry.php?type=S&repid=1066864
' '
As per Transparency Market Research, the global flexible packaging market will be worth US$358.7 bn in 2024. On the basis of product, the demand for stand-up pouch is higher and is estimated to generate revenues close to US$85.9 bn by 2024. The ability to store a variety of products and high shelf life for liquid products will boost the demand for stand-up pouch. On the basis of geography, the market is anticipated to be led by Europe, followed by North America. The thriving food and beverages sector will help the market in Asia Pacific region to be promising in the coming years. 

– Technological Advancements And Developments In Packaging Materials And Packaging Technologies Behind Growth Of Market –
The number of developments in the field of packaging materials and packaging technologies in the last few years has significantly impacted the global flexible packaging market in a positive manner. These developments have helped boost the scope of use for flexible packaging for various end use application areas as well as product varieties in the food and beverage, pharmaceutical, and consumer goods sector. This in turn has led to the growth of this market. Some of the other factors behind the increasing demand for flexible packaging include light weight of packaging, increase shelf life of perishable products, easy identification of tampering on the packaging, and effective resistance against foreign adulteration.

– Complicated Recycling Process of Different Materials Used for Flexible Packaging to be an Issue –
While there are many benefits of flexible packaging, there are a few issues which is expected to restrict the growth of the market. The use of multiple layers of a variety of materials in this form of packaging makes recycling a difficult and complicated procedure. In many instances the combination of plastic and metal is used for flexible packaging which makes the recycling process difficult because plastic is easy to recycle as compared to metals. With environmental sustainability norms becoming stringent why the day, the aforementioned issues with regards to  flexible packaging will act as a challenge for the market.

This review of the global flexible packaging market is based on a recent Transparency Market Research report, titled, “Flexible Packaging Market (Material Type - Polymer (Polyethylene (PE), Polypropylene (PP), Biaxially-Oriented Polypropylene (BOPP), Cast Polypropylene (CPP), Biaxially-oriented polyethylene terephthalate (BOPET), Polyamide (PA), Poly Vinyl Chloride (PVC), Ethylene Vinyl Alcohol (EVOH), and  Poly Styrene), Paper, Aluminum, and Cellulosic; Product Type - Stand-up Pouches, Vacuum Pouches, Retort Pouches, Converted Roll Stock, Gusseted Bags, Wicketed Bags, Laminated Tubes, and Squeezable Bottles; Application - Consumer (Food & Beverages, Dairy, Bakery & Confectionery, Ready to Eat Food, Frozen & Chilled Food, and Tea), Personal Care, Pharmaceuticals, Tobacco, and Industrial and Institutional) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
For the study, the market has been segmented as follows:

Flexible Packaging Market - Material Type
Polymer –
Polyethylene (PE) – –
LDPE
HDPE
LLDPE

Polypropylene (PP)
Biaxially-Oriented Polypropylene (BOPP)
Cast Polypropylene (CPP)
Biaxially-oriented polyethylene terephthalate (BOPET)
Polyamide (PA)
Poly Vinyl Chloride (PVC)
Ethylene Vinyl Alcohol (EVOH)
Poly Styrene

Paper
Aluminum
Cellulosic

– Flexible Packaging Market – Product Type –
Stand-up Pouches
Vacuum Pouches
Retort Pouches
Converted Roll Stock
Gusseted Bags
Wicketed Bags
Laminated Tubes
Squeezable Bottles
Others

–  Flexible Packaging Market – Application –
Consumer –
Food & Beverages – –
Dairy
Bakery & Confectionery
Ready to Eat Food
Frozen & Chilled Food
Tea
Others

Personal Care
Pharmaceutical
Tobacco
Industrial & Institutional

– Flexible Packaging Market - Regional Analysis –
North America –
U.S.
Canada

Europe –
Germany
U.K.
France
Spain
Italy
Rest of Europe

Asia Pacific –
China
Japan
ASEAN
Rest of Asia Pacific

Latin America –
Brazil
Argentina
Rest of Latin America

Middle East & Africa (MEA) –
GCC
South Africa
Rest of MEA
. .
– More Clear Details get Table of Contents https://www.researchmoz.us/flexible-packaging-market-asean-industry-analysis-size-share-growth-trends-and-forecast-2016-2024-report.html/toc
..

ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.

Researchmoz Global Pvt. Ltd.
90 State Street,
Albany, NY 12207,
United States,
Tel: 866-997-4948 (Us-Canada Toll Free),
Tel: +1-518-621-2074
www.researchmoz.us

This release was published on openPR.