Converted Flexible Packaging Market Forecast for Next 5 Years of Various Segments Along With Detailed Analysis of the Industry Structure

“\”Converted Flexible Packaging\””
Converted Flexible Packaging Market Research Report 2018 published By Market Research Future, provides information on Global Converted Flexible Packaging Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Material (Plastic, Paper, and Aluminum Foil), Product (Pouches, Bags, and Others), Application (Food & Beverages, Pharmaceuticals, Consumer Goods and Others), and Region – Forecast till 2023

The prominent players in the converted flexible packaging include Bemis Company Inc. (U.S.), Amcor Limited (Australia), Sealed Air Corporation (U.S.), Sonoco Products Company (U.S.), Constantia Flexibles Group GmbH (Austria), Graphics Packaging Holding Company (U.S.), Bischof + Klein SE & Co. KG (Germany), Honeywell International Incorporated (U.S.), Ampac Packaging LLC (U.S.), and Oracle Packaging Inc. (U.S.).

Converted Flexible Packaging Market Global Market – Overview

Converted flexible is the type of packaging which involves combining raw materials such as polyesters, adhesives, plastics, paper & paperboard, to create new packaging products, such as pouches and bags. It is widely used across applications such as pharmaceuticals, food & beverages, consumer goods, personal care, among others. Converted flexible packaging has wide applications in the F&B industry, mainly due to its features such as ease of handling, reduced production & shipment costs, and eco-friendliness. Rise in demand for packaged foods & beverages including ready-to-eat meals, frozen meals, and snack foods. Increase in consumer income in countries such as China, India, and Brazil, has led to a growth in demand for good-quality packaged food. Also, the rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand of converted flexible packaging products.

Technological advancements in packaging plays a vital role in driving the growth of converted flexible packaging market. Advanced technology in packaging has allowed companies for innovation in products instead of sticking to traditional methods of packaging. Due to this, many companies are investing in R&D and are coming up with advanced converted flexible packaging products with barrier resistance properties that offer resistance against heat and moisture and eliminates oxidation of foods. Such properties prove effective in maintaining the quality and consistency of food products while extending their shelf life without the use preservatives. For example, the shelf life of head lettuce is extended from three days to fourteen days when packed in MAP packed bag. Recent advancements in materials and production processes have reduced the weight of some these packages up to 50%, subsequently lowering product shipping costs while maintaining product protection.

Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/2374 

Plastic is the most largely used material in converted flexible packaging. Associations such as U.S. Food and Drug Administration, and European Food Safety Authority have put some stringent regulations, which may restrict the growth of the market. For example, materials made either entirely or partially from recycled plastics and used in contact with food, should only be obtained from processes, which have been assessed for safety by EFSA and authorised by the European Commission. Regulation EC 282/2008 establishes rules for the authorisation of processes used to recycle such materials. This restricts the use of all types and grades of plastic and hampers the plastic packaging market in turn.

Industry News

Amcor Ltd announced an expansion of its flexible packaging segment in the strategically important Northern China region, with the acquisition of Hebei Qite Packing Co. Ltd worth USD 28 million (RMB 185 million). This acquisition may help to boost the growth of new and existing customers in the important Northern part of Asia Pacific region.

On May 2016, Bemis Company Inc. had completed the acquisition of the medical device packaging operations and related value-added services of SteriPack Group, which includes a facility in Ireland as well as packaging production assets in Malaysia and the USA. This acquisition supports the company to grow their healthcare packaging business.

In 2016, Graphics Packaging pursues the strategies of mergers & acquisitions. It spent USD 364 million on four strategic acquisitions in 2016, closing on G-Box (Mexico), Walter G. Anderson (U.S.), Metro Packaging Inc. (U.S.), and Colorpak (Australia).

In April 2016, Oracle Packaging set up new extrusion line in North Carolina (U.S.). The investment expands the extrusion technology and is expected to bring new capabilities and capacity to their client base. The motive behind making such an investment was to cater to the increasing needs of the expanding client base and generate revenue from the region.

The global converted flexible packaging market is expected to reach a market size of USD 104,999.8 million by the end of the forecast period at a CAGR of 5.31%.

Segmentation

For the purpose of the study, the market has been segmented based on material, product and application. On the basis of the material, the market is segmented into plastic, paper, and aluminum foil. Plastic accounted for the largest market share of 45.76% in 2016, with a market value of USD 33,670.3 million. Plastic in the form of PVC, PE, PP, and others are used broadly in plastic converted flexible packaging segment. These material provide high barriers, cost-efficiency, temperature resistance and durable packaging options. These factors are pouring the demand for the plastic material.

On the basis of the product, the market is segmented into pouches, bags, and others. Pouches accounted for the largest market share of 39.62% in 2016, with a market value of USD 29,152.4 million. Pouches are available in different types, which include stand up pouches, retort pouches, and pillow pouches. Stand up pouches are widely used for packaging of snacks, baked goods, and pourable materials such as beverages, soaps, and baby food.

Based on the application, the market is segmented into food & beverages, pharmaceuticals, consumer goods and others. Food & Beverages accounted for the largest market share of 39.10% in 2016, with a market value of USD 28,769.8 million. High demand for ready-to-eat and on-the-go foods and drinks continues to grow. Increase in disposable income and rise in population in countries such as China, India, and Brazil, has led to a growth in demand for good quality packaged food. Moreover, this type of packaging is also used for packaging of dairy products, sauce, and others. Therefore, the food & beverages application segment is projected to grow at a CAGR of 5.80% during the forecast period

Early Diners Are Offered Free Customization- Up to 20%

Get Attractive Discount @ https://www.marketresearchfuture.com/check-discount/2374 

Regional Analysis

On the basis of the regions, the global converted flexible packaging market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia Pacific region accounted for the largest market share of 32.45% in 2016, with a market value of USD 23,876.7 million and is projected to grow at the highest CAGR of 5.62% during the forecast period. The extraordinary growth in the packaging sector in Asia Pacific region is the main factor fueling the growth of the market. Growing number of supermarkets in the region and the high demand for multipacks of various grocery products are expected to boost the demand for converted flexible packaging products. China, Japan, India, and Thailand are the key contributor to Asia Pacific market. China accounts for the largest market share in the region mainly due to fast growth in the urbanization and industrial development.

North America is another major global converted flexible packaging market. Rapid growth in the retail industry of the North American region is also the factor pouring the growth of the market. The major converted flexible packaging manufacturers such as Sealed Air Corporation (U.S.), Sonoco Products Company (U.S.), and Bemis Company Inc. among others are present in the North America region. This has the positive influence on the growth of the market. The U.S. accounted for the major market share of the North American region.

The Middle East & Africa is main market in terms of demand for converted flexible packaging and is projected to grow at a CAGR of 4.23% over the review period 2017-2023.

Table of Contents

1 Executive Summary

2 Research Methodology
2.1 Scope of the Study 
2.1.1 Definition 
2.1.2 Research Objective 
2.1.3 Assumptions 
2.1.4 Limitations 
2.2 Research Process 
2.2.1 Primary Research 
2.2.2 Secondary Research 
2.3 Market Size Estimation 
2.4 Forecast Model

3 Market Dynamics
3.1 Market Drivers 
3.2 Market Inhibitors 
3.3 Supply/value Chain Analysis 
3.4 Porter’s Five Forces Analysis

Continued………

List of Tables

Table 1 Global Converted Flexible Packaging Market, by Material 
Table 2 Global Converted Flexible Packaging Market, by Application 
Table 3 Global Converted Flexible Packaging Market, by Regions 
Table 4 North America Converted Flexible Packaging Market, by Material 
Table 5 North America Converted Flexible Packaging Market, by Application 
Table 6 U.s. Converted Flexible Packaging Market, by Material 
Table 7 U.s. Converted Flexible Packaging Market, by Application 
Table 8 Canada Converted Flexible Packaging Market, by Material

Continued………

List of Figures

Figure 1 Research Methodology 
Figure 2 Global Converted Flexible Packaging Market: by Material (%) 
Figure 3 Global Converted Flexible Packaging Market: by Application (%) 
Figure 4 Global Converted Flexible Packaging Market: by Region 
Figure 5 North America Converted Flexible Packaging Market, by Material (%) 
Figure 6 North America Converted Flexible Packaging Market, by Application (%) 
Figure 7 Europe Converted Flexible Packaging Market, by Material (%)

Continued………

Ask for your specific company profile and country level customization on reports.

Get More Information on Converted Flexible Packaging Market Research Report – Global Forecast to 2023 @ https://www.marketresearchfuture.com/reports/converted-flexible-packaging-market-2374 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. 

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/converted-flexible-packaging-market-2374