Emerging flesible plastic packaging markets, such as the Asia-Pacific region, have contributed to an increase in application of flexible plastic packaging in packaging products. Stringent regulations are a restraining factor for the industry.
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Flexible plastic packaging market size will grow from USD 102.19 Billion in 2017 to USD 131.65 Billion by 2022, at an estimated CAGR of 5.2%. Flexible plastic packaging market expected to witness a high growth due to factors such as an increase in middle-class population, growth in demand from food & beverage and healthcare sectors, & preference for convenient packaging.
2 Dynamic, Innovators, Vanguards, and Emerging
7 Competitive Benchmarking
8 Product Offering Scorecard
9 Business Strategy Scorecard
In flexible plastic packaging market increasing demand from food packaging and e-commerce industries is driving expansion of stand-up pouches in flexible plastic packaging market.
It also provides factors like excellent printability, zipper re-closure, pour spouts, slider closures, release valves, & strong shelf presence. Stand-up pouches also offer high clarity & excellent barrier properties to product enclosed within.
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In terms of value, stand-up pouches segment was accounted for largest market share and is projected to grow at highest CAGR during forecast period. This growth can be attributed to pouches as they are among those innovative forms of flexible plastic packaging that help in terms of their ease of use and portability.
Stand-up pouches offer many features such as zipper re-closure, pour spouts, slider closures, release valves, and strong shelf presence.
Geographical analysis of flexible plastic packaging market - Complete overview
1 Developing Economies to Witness High Demand for Flexible Plastic Packaging
2 Flexible Plastic Packaging Market, By Material & Region
3 Asia-Pacific: Flexible Plastic Packaging Market, By Type
4 Flexible Plastic Packaging Market, By Application
5 Asia-Pacific: Flexible Plastic Packaging Market, By Country & Application
6 Flexible Plastic Packaging Market: Regional Snapshot
The flexible plastic packaging market ecosystem involves various stakeholders in the flexible plastic packaging market. It starts with the raw material suppliers such as Amcor Limited (Australia), Bemis Company, Inc.
(U.S.), Constantia Flexibles Group GmbH (Austria), Sealed Air Corporation (U.S.), and Huhtamäki Oyj (Finland), that are the manufacturing companies of the flexible plastic packaging. The next level in the chain involves the assembly team that is monitored by the manufacturers such as Coveris Holdings S.A.
(U.S.), Sonoco Products Company (U.S.), Berry Plastics Group, Inc. (U.S.), Mondi Group (Austria), Reynolds Group Holdings (New Zealand), and Reynolds Group Holdings (Netherlands).
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The report defines, segments, and projects the flexible plastic packaging market size on the basis of type, material, printing technology, application, and region. The study analyzes competitive developments such as acquisitions, expansions, new product developments, and research & development activities in the flexible plastic packaging market.
This report will help the market leaders/new entrants in this market in the following ways:
- This report segments the flexible plastic packaging market comprehensively and provides the closest approximation of the revenue numbers for the overall market and the sub segments across the different verticals and regions.
- This report will help stakeholders to understand the market and provide them information on key market drivers, restraints, challenges, and opportunities.
- This report will help stakeholders to better understand their competitors and gain more insights into their position in the business.
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