Flexible Packaging Global Market – Overview
Flexible Packaging is an innovative technology especially used in the food & beverage packaging field. Flexible Packaging technology is still embryonic and not yet completely adopted commercially but it has huge potential to improve the safety, quality, and traceability of food products. Also, Flexible Packaging is much more convenient for consumers. Flexible Packaging help extend shelf life, monitor freshness, display information on quality, improve safety, and improve convenience.
The Global Flexible Packaging Market is growing with the rapid pace; mainly due to the burgeoning Food and Beverages industry and Pharmaceutical Industry and Personal Care Industry.
According to a recent study report published by the Market Research Future, The global Flexible Packaging Market is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a huge growth by 2023, surpassing its previous growth records in terms of value with a staggering 5.92% of CAGR during the anticipated period (2017 – 2023).
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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.
Global Flexible Packaging Market – Competitive Analysis
- Amcor Limited (Australia)
- Bemis Company Inc. (U.S.)
- Constantia Flexible Group GmbH (Austria)
- Huhtamaki Group (Finland)
- Clondalkin Group Holdings B.V. (The Netherlands)
- Coveris Holdings S.A. (U.S.)
- Sonoco Products Company (U.S.)
These are some of the prominent players at the forefront of competition in the Global Flexible Packaging Market and are profiled in MRFR Analysis.
Characterized by the presence of several well-established and small players, the global Market of Flexible Packaging appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, Product/Technology launch, reputation and services. Key Players operating in the market strive to develop the unrivalled design and features. Marketers employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new technologies to meet the changing needs of consumer. These Key Players are investing heavily in research and development projects to develop state-of-the-art packaging solutions, facilities, advanced technology and processes.
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 Global Market – Segmentations
Global Flexible Packaging Market is segmented in to 5 Key dynamics for an easy grasp and enhanced understanding.
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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Flexible Packaging Global Market – Regional Analysis
On the basis of the regions, the global flexible packaging market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia Pacific region accounted for the 29.41% share of the market in 2016, in terms of value. It is expected to grow at a CAGR of 6.18% during the forecast period. Exponential growth in the packaging industry in Asia Pacific region is the key factor fueling the growth of the market. Increasing number of a supermarket in the region is also likely to boost the demand for flexible packaging products. China, India, Japan, and Thailand are the main contributor to the Asia Pacific market. China accounts for the largest market share in the region due to rapid urbanization and industrial development.
North America is another major flexible packaging market in the globe. Expansion in confectionery, dairy, and medical industry, technological advancement in barrier materials coupled with rising retail business, stand up pouches usage are likely to trigger the industrial growth.
Hence, Global Flexible Packaging Market is expected to reach USD 342.85 billion by the end of the forecast period at CAGR of 5.92%.
Major TOC :
1 Executive Summary
2.2 Scope of the Study
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
List of Tables
Table 1 Market Synopsis
Table 2 Gdp Per Capita in Developing Nations (Usd)
Table 3 Global Flexible Packaging Market, by Material, 2015–2023 (Usd Billion)
Table 4 Global Flexible Packaging Market, by Product, 2015–2023 (Usd Billion)
Table 5 Global Flexible Packaging Market, by Printing Technology, 2015–2023 (Usd Billion)
Table 6 Global Flexible Packaging Market, by Application, 2015–2023 (Usd Billion)
Table 7 Global Flexible Packaging Market, by Region, 2015–2023 (Usd Billion)
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Drivers, Restraints and Trends of Global Flexible Packaging Market
Figure 4 Groth Rate of Beverage Packaging, by Region, 2012-2017 (%)
Figure 5 Growth Drivers: Impact Analysis
Figure 6 Growth Barriers: Impact Analysis
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