Quadintel published a recovery-based report for Global “Flexible Plastic Packaging Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
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Global Flexible Plastic Packaging Market is valued approximately USD 160.8 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2021-2027.
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Flexible Packaging is a type of packaging that can be readily formed, altered, and take shape of overwrap, pouch, bag, liner, etc. This packaging uses less material and integrates the fine qualities of films, plastic, paper, and foil. Flexible plastic packaging is majorly adopted by personal care & cosmetic, food & beverage, healthcare, and many other industries. Thereby, the growth of the e-commerce industry, rising application of flexible plastic packaging in various segments as it increases the product shelf-life and is pocket-friendly are augmenting the market growth across the globe. For instance, according to Statista, in 2020, the global retail e-commerce sales are accounted for USD 4.28 trillion and revenue is anticipated to rise by USD 5.4 trillion by 2022. Thereby, the growth of the e-commerce industry is associated with the demand for flexible plastic packaging, which, in turn, propels the market demand. However, the execution of stringent government regulations impedes the growth of the market over the forecast period of 2021-2027. Also, the emergence of sustainable and new flexible plastics packaging solutions is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Flexible Plastic Packaging market study includes Asia Pacific, North America, Europe, Latin America and the Rest of the World. The Asia Pacific is the leading region across the world in terms of market share owing to the escalating working population, growing demand for ready-to-eat food products, and exponential growth of the healthcare, food & beverage, and cosmetics & personal care sector. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as the increasing disposable income, growing number of import & export activities, and emerging economies such as India and China would create lucrative growth prospects for the Flexible Plastic Packaging market across the Asia-Pacific region.
Major market player included in this report are:
- Sealed Air Corporation
- Sonoco Products Company
- Transcontinental Inc.
- Mondi Group
- Coveris Holdings S.A.
- Bemis Company Inc.
- Constantia Flexibles Group GmbH
- Ampac Holdings LLC
- Amcor Limited
- Huhtamaki Group
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Bags
Wraps
Pouches
Rollstock
Others (include Labels, stick packs and sachets)
By Material
Plastic
Aluminum Foil
Others (include coating, ink, coating, and adhesive)
By Technology
Flexography
Rotogravure
Digital Printing
Others (include screen, offset, and letterpress printing)
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By Application
Food
Beverage
Pharma & Health care
Personal care & Cosmetics
Others (includes consumer goods, oil & lubricants, agriculture, automotive, household products, tobacco, and sporting goods)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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