LONDON, January 14, 2016 /PRNewswire/ --
Despite the recent global economic slowdown, the growth in flexible plastic packaging demand has still been relatively higher than some of its competing materials. The growth in the market has also been supported by a shift from rigid to flexible plastic packaging market due to a number of reasons including its intrinsic characteristics. Meanwhile, on the downside, a number of government initiatives have been taken to limit the use of flexible plastic packaging products. This has a negative impact on the flexible plastic packaging industry and its end use sectors.
Going forward Commodity Inside anticipates that emerging markets, particularly emerging Asia will continue to support the growth. China which has been a major driving force behind the growth will show some signs of deceleration due to its softening economic growth. Whilst growth in other developing regions such as Middle East & Africa, and Latin America will remain almost stable. Growths in mature economies such as North America will also slowdown due to a number of factors including maturity in the packaging industry. On the other hand demand in Europe will remain subdued due to weak economic performance in the eurozone, fragile economic conditions in various eurozone countries, Russia-Ukraine conflict etc.
Commodity Inside expects that in value terms, flexible plastic packaging market is expected to slow down mainly as a consequence of fall in raw material costs. Drilling down further, food sector will continue to be a major consumer of flexible plastic packaging over the next 10 years.
The report 'A Ten Year Strategic Outlook for the Global Flexible Plastic Packaging Market' cover the period 2013-2025 and assess the market in terms of tonnages and value (US$). It addition to the regional coverage, it drills down to 50 national markets. The report also provides comprehensive analysis on seven end use sectors (food, healthcare, beverage, personal care, homecare, bulk packaging and others) of the global flexible plastic packaging industry.
To learn more about 'A Ten Year Strategic Outlook for the Global Flexible Plastic Packaging Market' report please visit http://commodityinside.com/reports/a-ten-year-strategic-outlook-for-the-global-flexible-plastic-packaging-market/
About Commodity Inside
Commodity Inside is an independent privately owned company provides market research analysis, consulting and training to the commodities market. We specialise in glass, metal, paper and plastic industries and its end use sectors such as construction, FMCG, OEM, packaging and white goods. We publish a variety of thorough and highly analytical market analysis reports. Our analysis is so unique and insightful that we believe that it will really benefit our clients in their strategic planning. Our consultancy arm offers specialist expertise to companies in these sectors, and helping them in making the right decisions.
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SOURCE Commodity Inside