Flexible packaging market is projected to grow from USD 97.97 Billion in 2016 to USD 125.66 Billion by 2021, at an estimated CAGR of 5.11%. The demand for flexible packaging is increasing from various end user industries such as food & beverages, cosmetics & toiletries, healthcare, and others (oil & lubricants, electronic goods, agricultural products, and sporting goods).
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Complete report on Flexible packaging Market spread across 229 Pages, Profiling 10 Companies and Supported with 165 Tables and 40 Figures is now available at www.rnrmarketresearch.com/flexible…arket-report.html .
The flexible packaging market is segmented on the basis of material, pack type, printing technology, application, and region. On basis of material, plastic films segment accounted for largest market share in 2015, and is projected to grow at highest rate during forecast period, in terms of both volume and value.
This is primarily because of their high quality, low cost, and excellent barrier properties.
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- Raw material suppliers and producers
- Packaging material importers and exporters
- Regulatory bodies
- Environmental protection bodies
- Local governments
- End users (food & beverages manufacturers)
- Market research and consulting firms
Flexography is the most widely used printing technology among other technologies; in 2015, this segment accounted for the largest share, in terms of both, volume and value. The digital printing technology segment is projected to grow at the highest rate by 2021.
Digital printing is much cheaper than other technologies and provides a wide range of printing options. Report on Flexible packaging Market.
Primary research involved in this report includes extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at overall market size, total market was split into several segments and subsegments.
These data triangulation and market breakdown procedures were employed to complete overall market engineering process and arrive at exact statistics for all segments and subsegments. Breakdown of profiles of primary respondents is depicted in figure below.
“Retort pouches segment is projected to grow at the highest rate during the forecast period”
Food & beverages segment accounted for largest market share in 2015, and is projected to grow at highest rate from 2016 to 2021. Changing consumer lifestyles and growing consumption of food & beverage products will drive flexible packaging market.
Companies adopted these strategies to increase their geographical reach and strengthen their product portfolios and were largely adopted by leading flexible packaging products manufacturing companies. Amcor Limited (Australia), Bemis Company, Inc.
(U.S.), Constantia Flexibles Group GmbH (Austria), Huhtamaki Group (Finland), and Sonoco Products Company (U.S.) are some of the leading key players that adopted these strategies.
Global flexible packaging market is segmented, region-wise, into North America, Europe, Asia-Pacific, and RoW. Asia-Pacific region is projected to grow at highest rate from 2016 to 2021.
There are certain factors prevailing in market that hinder growth of this industry. Stringent government regulations may inhibit growth of market, and recyclability of packaging material could be a major challenge.
Rising economy & rapid growth in food & beverage and healthcare sectors of Asia-Pacific region have significantly impacted growth of flexible packaging market.
Retort pouches segment is projected to grow at highest rate during the forecast period flexible packaging market owing to its high barrier properties against oxygen and moisture. In this type of packaging, food is thermally processed in order to increase shelf life.
Stand up pouches segment is estimated to account for largest market share in 2021.
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