Global Flexible Packaging Market: Biodegradable Resins A Disruptor

Global Flexible Packaging Market: Biodegradable Resins A Disruptor

“Flexible Packaging Market”
The global flexible packaging market at $220 billion as of 2018 and the demand is projected to grow a CAGR of 3.7% during the forecast period of 2019 to 2025.

Global Flexible Packaging Market: Demand Analysis and Growth Forecast

Plastics dominate the flexible packaging market owing to the continuous innovations in the processing techniques used for boosting shelf life of various products. The creation of bio-based and biodegradable films has bolstered the growth of the global flexible packaging market. This can be conceived from the latest business intelligence publications by IndustryARC titled “Flexible Packaging Market: By Material (Polypropylene, Polyethylene, Aluminum, Paper, Cellulosic, Others); By Industry (Food & Beverage, Personal Care, Pharmaceuticals & Others) & Geography – Forecast (2019 – 2025)”. Increasing demand in the protective packaging market has highly influenced the flexible packaging food market to grow.

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The IndustryARC’s analyst has valued the global flexible packaging market at $220 billion as of 2018, and the demand is projected to grow a compound annual growth rate (CAGR) of 3.7% during the forecast period of 2019 to 2025. The replacement of flexible packaging materials such as glass, paper, and aluminum foils is an emerging opportunity for market growth. The use of ready-to-eat meal packaging and improved packaging practices are anticipated to be in support of the market. Flexible packaging starts with less waste, and innovation and technology have enabled flexible packaging manufacturers to use very few natural resources.

Global Flexible Packaging Market: Leading Segment   

The APAC flexible packaging market had a regional share of 43% as of 2018. China and India in APAC are the most advanced countries in terms of manufacturing technology and equipment. According to the Flexible Packaging Association, APAC made up to 24% of the global total volume which is 679 billion units in 2017. In 2018, India exported plastics worth $3.47 billion out of which exports of raw material accounted for a sum of $2.62 billion, according to IBEF. It has been observed that the flexible packaging market has been gaining tremendous revenue due to huge development in the plastic and paper industries. With the sustained growth, the plastic- material type application is projected to grow at a CAGR of 4.0% during the forecast period. The flexible packaging industry is increasingly becoming technology-oriented with innovations in the market.

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Global Flexible Packaging Market: Disruptive Trends

E-Commerce: A Game-Changing Trend

The flexible packaging market is continuously expanding due to the increasing consumer demand. Since flexible packaging is lighter, it also reduces the transportation cost and energy and also reduces the waste by offering appropriate barrier properties.

Biodegradable Resins in the Flexible Packaging Market

PepsiCo and Danimer Scientific Co recently developed a line of biodegradable resins which is more appropriate for the use in plastic films that are used in the food and beverages market. This technology is an expansion of Danimer’s PHA polymer chemistry. This basically was invented so that it can be used in coffee pods, shopping bags, and overwraps.

Digital Printing Holds the Flexible Packaging Market

Digital printing on plastics is growing at a good pace in the market. Printing directly eliminates the costs and the time associated with the labels. Xerox, a printing company, has recently launched Xerox Production Press for Plastic Films and Substrates to meet the demand of printing and top eliminate labeling cost. This is creating a potential arcade for the companies in the flexible packaging market.

Higher Performance Needs for Premium Products

Considering the rising popularity of organic food items, beverages, and cosmetics; the companies in the packaging industry have been updating their business strategies. The flexible packaging manufacturers are applying new techniques to modified atmosphere packaging (MAP), this accounts for more shelf life and can remain good at the time of transit.

Consumer Convenience

As the lifestyle of the people is changing, they are more dependent on packaged foods. The ready meals in the new flexible packaging formats are driving growth in the flexible packaging market. The growing dominance of the large supermarket and hypermarkets is changing consumer behavior and is making them more reliable on packaged food.

Global Flexible Packaging Market: Recent Developments

Some of the key companies identified in the report that are currently holding majority shares in the global flexible packaging market are Sonoco Products Germany, Sealed Air Corporation, Ampac Holdings, LLC, Mondi Plc., Wipak Group, Flextrus AB, American Packaging, and Sonoco Products Germany.

Read More – Chemicals and Materials Reports @ https://industryarc.com/Domain/4/chemicals-materials-market-research.html

Related Reports:

Medical Flexible Packaging Market

https://industryarc.com/Research/Medical-Flexible-Packaging-Market-Research-503833

Flexible Packaging Wax Paper Market

https://industryarc.com/Report/18302/flexible-packaging-wax-paper-market.html

What can you expect from the report?

The Flexible Packaging Market is Prepared with the Main Agenda to Cover the following 20 points:

1. Flexible Packaging Market Size by Product Categories & Application        

2. Flexible Packaging Market trends & Relevant Market Data

3. Manufacturer Landscape                                                          

4. Distributor Landscape                                                               

5. Pricing Analysis                                                                         

6. Top 10 End-user Analysis                                                      

7. Product Benchmarking                                                              

8. Product Developments                                                              

9. Mergers & Acquisition Analysis                                            

10. Patent Analysis

11. Flexible Packaging Market Demand Analysis (Revenue & Volume)

12. Country-level Analysis

13. Competitor Analysis

14. Flexible Packaging Market Shares Analysis

15. Value Chain Analysis

16. Supply Chain Analysis

17. Flexible Packaging Market Strategic Analysis

18. Flexible Packaging Market Current & Future Market Landscape Analysis

19. Opportunity Analysis

20. Flexible Packaging Market Revenue and Volume Analysis

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Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com  to discuss more about our consulting services. 

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

 

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