Flexible Packaging Market Growth Rate, Future scope, Analysis, Business Development and CAGR to 2022

07/mar/2019 11:25:50 MRFR Contatta l'autore

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Summary

Global Flexible Packaging Market: By Material (Plastic, Paper, Aluminum), Products (Pouches, Bags, Wraps), Printing Technology (Flexography, Digital Printing), Application (Pharmaceutical, Food & Beverages, Personal Care) And Region - Forecast Till 2022

Flexible Packaging Market - Market Overview

Flexible packaging is essentially a package or container made of flexible or materials that, when filled or closed, can bend while still holding the shape. The materials used can be paper, plastic film, foil or any combination of these. Flexible packages are used for consumer and industrial applications, to protect, market, and distribute a vast array of products. Flexible products include rollstocks, bags, pouches, labels / wraps, lidding, shrink sleeves and stretch film.

The Global Flexible Packaging Market is estimated to grow at CAGR of 5.92% during the estimated period (2017-2023).

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The market is driven by various factors such as increased consumption of processed foods and beverages, innovation in flexible packaging and environmental advantage of flexible packaging. However, flexible packaging has various restraints that hinder the market growth as raw material prices and stringent regulations on packaging material waste and recycling.

Key Players

Amcor Limited (Victoria), Constantia Flexibles Group GmbH (Austria), Mondi Group (Johannesburg), Sealed Air Corporation (North Carolina), Sonoco Products Company (US), Coveris Holdings SA (US), Huhtamaki Group (Finland), Bemis Company Inc. (US) and Ampac Holdings, LLC (US) are some of the prominent players at the forefront of competition in the global flexible packaging market and are profiled in MRFR Analysis.

Flexible packaging Market - Competitive Analysis

Flexible packaging market appears to be highly fragmented and competitive with the presence of numerous large and small players active in the regional market. The key strategies include the Product Launches, Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between key players support the growth and expansion of key players during the forecast period. On the product and sales side, companies are investing in innovation / R & D, brand building, and fostering strong relationships with customers to support their competitive position. 

Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing on the competitive edge, manufacturers strive to develop optimal adhesion, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality.

Industry News

On October 2016, Coveris launched Nextrus Boneless Shrink bags as an offer for sustainability and performance of the products.

In 2016, Hutamaki acquired FIOMO who is a manufacturer of flexible packaging foils and labels. By acquiring FIOMO, Hutamaki would expand its flexible packaging manufacturing into Europe and be able to offer high-quality off-set printing capabilities.

On April 29, 2016, Bemis Company Inc. acquired the medical device packaging operation of the SteriPack Group. This acquisition will diversify their presence in Ireland as well as packaging production assets in Malaysia and the US

On 1st December 2015, Flair Flexible Packaging Corporation acquired NuPack Corporation (NuPack), as well as the flair's approach in integrated supplier in the industry

Flexible packaging Market - Segments

For the convenience of the report and enhanced understanding; The  Flexible Packaging  Market is segmented into 3key dynamics

Segmentation by Material  - Plastic, Paper, Aluminum and Others

Segmentation by Product  - Bags, Pouches, Wraps and Others

Segmentation by Printing Technology:  Flexography, Digital Printing and Others

Segmentation by Application : Food & Beverages, Pharmaceuticals, Personal Care and Others

Segmentation by Regions:  Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Flexible packaging Market - Regional Analysis

The global Flexible packaging market has been segmented into North America, Europe, Asia-Pacific and Rest of the world. It has been experienced that the market will remain on the same growth level until the forecast period. Asia-Pacific has accounted for the largest market for Europe and North America. Asia-Pacific region is China, India, and Japan, which are the leading exporters of goods to the various parts of the world. The growing exports from these countries are leading to the growth of the flexible packaging market. The booming e-commerce market in the region is also contributing to the growth of the flexible packaging market.

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