The Flexible Packaging Market delves into various aspects, enabling readers to gain a deep understanding of the market dynamics, trends, and potential opportunities.
Flexible packaging market value was more than $180 billion in 2020, and the market is expected to grow at a CAGR of more than 6% during the forecast period 2021-2027.
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The finest properties of films and plastics are combined in flexible packaging. This versatile packaging provides a cost-effective, functional solution that can be produced quickly. Flexible packaging is an essential component in the supply chain of many industries and products, ranging from consumer goods to electronics, cosmetics to medical supplies. In addition to adding value and versatility to food and non-food products, flexible packaging combines the best qualities of plastic, paper, and aluminum foil to offer a wide range of protective properties with the least possible amount of material.
Factors Impacting the Flexible Packaging Market
Small or single-size portions of snack and convenience foods, along with the increasing demand for flexible packaging, are driving the market for flexible packaging. Due to flexible packaging’s energy-saving and environmental benefits, the packaging industry is moving towards flexible packaging. The advantages of flexible packaging include combining the benefits of plastic, paper, and aluminum foil while maintaining the freshness, barrier protection, durability, printability, and simplicity of product use. In light of these advantages, growth of the market is expected during the forecast period. Although plastic packaging waste can be recycled, it is a complex process that requires state-of-the-art infrastructure. The process takes time and requires expertise. Consequently, the flexible packaging market may struggle to grow.
Covid-19 Impact: The Flexible Packaging Market
- Nearly 213 countries are affected by Covid-19. In addition to Germany, France, Italy, Spain, the U.K., and Norway, several other major economies have suffered from the Coronavirus crises.
- Flexible packaging is typically used in food and beverage packaging, cosmetics, industrial packaging, and personal care packaging. It is expected that online grocery sales will account for all e-commerce sales in the U.S.
- During and after the lockdown, a huge number of people turned to online shopping; this is undoubtedly a trend that will continue.
- There has been a drop in the economy in many countries due to the shutdown of several industries, especially transportation and supply chains. In the absence of development, the demand for the product has been hampered.
- Due to a scarcity of resources in various parts of the world, the coronavirus epidemic has negatively impacted manufacturing and industrial industries. Leading market players are rethinking their strategies to meet the market’s challenges in light of the market’s prospects.
- Various techniques are being employed to increase production volume; the companies are also attempting to develop innovative solutions at a low cost that are designed to meet customer requirements at a lower cost and support the overall breakthrough necessary for increased fragrance product penetration sustainability.
- A growing number of health-related issues are driving the flexible packaging market in the forecast period. Furthermore, the Coronavirus epidemic, which has resulted in a rise in the use of sterilizing solutions, also drives the industry’s overall demand.
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Regional Outlook: The Flexible Packaging Market
Globally, the Asia Pacific region leads the field when it comes to the generation of demand for flexible packaging. The market share of this region, which combines India’s growing economy and China’s manufacturing excellence, is substantial, representing 43% of the global flexible packaging market. Indian middle-class development and the rapidly growing organized retail sector, coupled with the e-commerce boom, are the major factors driving Asia’s dominance. Among the world’s six largest food and grocery markets, the Indian market has its total sales through retail counters. Also, India, the country that produces most milk in the world, has inconsistent demand for flexible packaging solutions like flexible pouches and tetra packs.
Key Competitors: The Flexible Packaging Market
In the flexible plastic packaging market, the following companies are key players:
- Berry Global Inc.
- Amcor Plc
- Coveris Holding SA
- Huhtamaki
- FlexPak Services LLC
- Constantia Flexibles
- Transcontinental Inc.
- Mondi Group
- Sealed Air Corporation
- Sonoco
Aim of the Report: The Flexible Packaging Market
The Flexible Packaging Market research report includes specific segments by Material, Region, Packaging Type, and End-User.
Segmentation based on Material
- Aluminum Foil
- Plastic
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Others
- Paperboard
- Others
Segmentation based on Packaging Type
- Stand-up Pouch
- Films
- Bag-in-box
- Others
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Segmentation based on End-User
- Food & Beverage
- Pharmaceutical
- Personal Care
- Industrial
- Household Care
- Others
Segmentation based on Region
- The Middle East and Africa
- Europe
- North America
- Asia Pacific
Table of Content
Chapter 1: Global Flexible Packaging Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Flexible Packaging market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Flexible Packaging Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Flexible Packaging market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Flexible Packaging market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Flexible Packaging market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Flexible Packaging market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Flexible Packaging business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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