SAN FRANCISCO, September 1, 2015 /PRNewswire/ --
Global flexible packaging market size is expected to reach USD 293.03 billion by 2022, according to a new study by Grand View Research, Inc. Rising need for durable, light weight and compact products among consumers is expected to be a key driver for market growth over the forecast period.
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Retail industry growth along with increasing acceptance of supermarket culture in emerging markets of Asia Pacific and strong export scenario is expected to have a positive impact on the flexible packaging industry growth over the forecast period.
Browse full research report with TOC on "Flexible Packaging Market Analysis By Raw Material (Paper, Aluminum Foil, Plastics, Bioplastics), By Application (Food, Beverages, Pharmaceutical, Cosmetic) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/global-flexible-packaging-market
High use in various applications including food & beverages and pharmaceuticals on account of less raw material requirement, undemanding storage space and easy disposal will be favorable for industry growth.
North America flexible packaging market is expected to witness considerable growth in light of rising R&D expenditure for introduction of biobased plastics. However, raw material price volatility is expected to challenge growth over the next seven years.
Further key findings from the study suggest:
Grand View Research has segmented the global flexible packaging market on the basis of raw material, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc
Phone: 1-415-349-0058
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