BANGALORE, India, March 17, 2020 /PRNewswire/ -- The Global Flexible Packaging Market is expected to grow from USD 148,563.46 Million in 2018 to USD 194,256.13 Million by the end of 2025 at a CAGR of 3.90%.
It is expected that over the forecast period, technical advances such as plastic-based flexible pouches and sachets will open up new avenues for growth in many application industries. This is in turn expected to fuel the market for flexible packaging.
TRENDS INFLUENCING THE FLEXIBLE PACKAGING MARKET SIZE
Demand for packaging solutions across the food & beverage, healthcare, and personal care industries is anticipated to drive industry demand, ensuring enhanced safety, comfort handling, and packaging design choices.
Raw materials such as plastic films, aluminum foil, and paper, are used for flexible packaging. Plastic has outstanding label visibility and offers safe and attractive packaging. Plastic films are expected to grow fastest during the forecast period because of these features. They are used mainly in food & beverage products packaging, as they shield them from oxidation and also increase their shelf life.
Factors such as the ability to form packages into a compact pouch, bag, liner, or overwrap can provide lucrative opportunities for participants in the industry and in turn is expected to fuel the market growth.
REGION WISE FLEXIBLE PACKAGING MARKET SHARE ANALYSIS
Asia-Pacific is a prominent area for the flexible packaging market due to increased exports to other regions. The region includes countries such as China, India, and Japan, which are the world's leading exporters of goods to different parts of the world. The region's booming e-commerce market is also helping the flexible packaging industry expand.
North America retained the second-largest market share on the flexible packaging market. The area has seen substantial growth as a result of the growing demand from various end-use industries driving the region's flexible packaging sector.
ON THE BASIS OF PRODUCT, THE GLOBAL FLEXIBLE PACKAGING MARKET IS STUDIED ACROSS
ON THE BASIS OF MATERIAL, THE GLOBAL FLEXIBLE PACKAGING MARKET IS STUDIED ACROSS
ON THE BASIS OF END-USER, THE GLOBAL FLEXIBLE PACKAGING MARKET IS STUDIED ACROSS
Personal Care and Household Care
Pharmaceutical and Medical
THE REPORT PROVIDES INSIGHTS ON THE FOLLOWING POINTERS:
1. Market Penetration: Provides comprehensive information by the key players in the Global Flexible Packaging Market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Flexible Packaging Market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Flexible Packaging Market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Flexible Packaging Market.
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Flexible Packaging Market
THE REPORT ANSWERS QUESTIONS SUCH AS:
1. What is the market size of the Flexible Packaging Market in the Global?
2. What are the factors that affect the growth in the Global Flexible Packaging Market over the forecast period?
3. What is the competitive position in the Global Flexible Packaging Market?
4. Which are the best product areas to be invested in over the forecast period in the Global Flexible Packaging Market?
5. What are the opportunities in the Global Flexible Packaging Market?
6. What are the modes of entering the Global Flexible Packaging Market?
Cost-effectiveness and increased shelf life of the product drives the demand for the flexible plastic packaging market. Flexible plastic packaging requires fewer raw materials and energy; thus, flexible packaging is available at low cost and consumes 35 percent fewer retail shelf space, making it cost-effective compared to other packaging types.
The study offers an in-depth overview of the global market for flexible plastic packaging and its industrial results.
The innovation of flexible films has contributed to strong growth in the demand for flexible packaging and materials markets. Flexible packaging and materials are commonly used in industries such as confectionery, frozen food, and FMCG.
Increasing demand from healthcare, cosmetics and toiletries, food and beverages, household products, sporting goods, and other agricultural products industries is expected to drive flexible packaging & material market growth globally.
● LAMINATION ADHESIVES FOR FLEXIBLE PACKAGING MARKET
The global Lamination Adhesives for Flexible Packaging market is valued at 2857.2 million US$ in 2020 is expected to reach 2877.5 million US$ by the end of 2026, growing at a CAGR of 0.1% during 2021-2026.
Lamination adhesives are a variety of coatable adhesives used in the manufacturing of laminated plastic cards. Numerous versions of lamination adhesives are available for screen printing, roller coat, and flexible packaging applications.
Significant factors driving the global Lamination Adhesives for Flexible Packaging market are the rapid growth of the flexible packaging industry and the growing demand for packaged food.
The global Medical Flexible Packaging market is valued at 19340 million US$ in 2020 is expected to reach 24420 million US$ by the end of 2026, growing at a CAGR of 3.3% during 2021-2026.
Due to the growing demand from the pharmaceutical and medical device manufacturing industries, Medical Flexible Packaging is expected to see strong growth. Flexible packaging provides various advantages, such as low waste, convenient delivery, and product safety. It is expected that the capacity of flexible packaging to reduce the total weight by about 70% would play a major role in increasing consumer demand.
Technologies for plastic films help conserve and protect the material, as well as improve the shelf life of perishable products, reducing the need for preservatives. Packaging films also provide the products with clarity and gloss, acting as the basis for product labeling and printing.
These factors are expected to complement the growth of the global market for packaging films. Packaging films also impede the process of microbial growth and slowdown the deterioration of perishable goods, further contributing to demand of packaging films.
The study offers an in-depth overview of the global market for flexible packaging films and its industrial results.
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