Flexible Packaging Market worth 125.66 Billion USD by 2021
The report "Flexible Packaging Market by Material (Plastic Film, Paper, Aluminum), Printing Technology (Flexography, Rotogravure, Digital), Type (Stand-Up Pouches, Retort Pouches), Application (Food & Beverages, Healthcare, Cosmetics & Toiletries) - Global Forecast to 2021", is now available to purchase.
The market for flexible packaging is projected to grow from USD 97.97 Billion in 2016 to USD 125.66 Billion by 2021, at an estimated CAGR of 5.11%.
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Browse 264 market data tables with 61 figures spread through 276 pages and in-depth TOC on "Flexible Packaging Market"
Companies adopted these strategies to increase their geographical reach and strengthen their product portfolios and were largely adopted by the leading flexible packaging products manufacturing companies.
Key Players in Flexible Packaging Market :
- Amcor Limited (Australia)
- Bemis Company, Inc. (U.S.)
- Constantia Flexible Group GmbH (Austria)
- Huhtamaki Group (Finland)
- Sonoco Products Company (U.S.)
- Sealed Air Corporation (U.S.)
- Mondi Group (South Africa)
- Clondalkin Group Holdings B.V. (The Netherlands)
- Coveris Holdings S.A. (U.S.)
- Ampac Holdings, LLC (U.S.)
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Plastic films segment is projected to grow at the highest rate during the forecast period
Raw materials such as plastic films, aluminum foil, paper, and bioplastic are used for flexible packaging. Plastic films are further categorized into polyethylene, polypropylene, PVC, BOPET, EVOH, polyamide, and others (polystyrene). Out of these, polyethylene accounted for the largest market share in 2015. The BOPET segment is projected to grow at the highest rate from 2016 to 2021. BOPET is primarily used in the packaging of food & beverage products as it protects them from oxidation and also provides extended shelf life to the product
- Raw material suppliers and producers
- Packaging material importers and exporters
- Regulatory bodies
- Environmental protection bodies
- Local governments
- End users (food & beverages manufacturers)
- Market research and consulting firms
Asia-Pacific to play a key role in the market for flexible packaging
On the basis of key regions, the global flexible packaging market is segmented into North America, Europe, Asia-Pacific, and RoW. The Asia-Pacific region accounted for the largest share among all the regions in 2015 and is projected to grow at the highest rate from 2016 to 2021, in terms of value. This is mainly due to the increasing demand for flexible packaging in China and India, coupled with the growing food & beverage industry in these countries. Owing to the increasing disposable incomes, the urbanized population is shifting towards packaged foods which are healthy and safe. Therefore, rising income and consumption level would also lead to the growth of the flexible packaging in this region.
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