"Binding Intellectual insights for your Business"
Packaging is one of the surging industries in the world. Almost all the products that are sold come in sorts of packaging that include plastic, paper and even metal packaging depending upon the product. Flexible Packaging is one of the important types of packaging. Products and consumer goods are susceptible to damage, biological contamination, degradation and can easily be disturbed by external factors. Packaging materials includes seals, caps, pouches, and others while another type of packaging includes cartons, boxes, corrugated papers and boards. Increasing awareness in consumer and increasing expenditure on healthcare is likely to boost the market.
The increasing demand from packaging sector shall foster the market growth. Increasing demand for food and beverages shall substantially drive the flexible packaging market. Moreover, exceptional properties of flexible packaging materials like cost-effectiveness, high adaptability, and availability in various sizes and shapes is boosting the market growth.
However, the blister type of packaging materials contains aluminum sheets and plastic that often gets converted in microplastic which cannot be recycled. Thus, the growth of the flexible packaging market is expected to limit due to the disposability issue of certain materials like plastics and aluminum foils.
Key Market Driver -
Increasing demand from packaging industry.
Key Market Restraint -
Disposability of plastics.
Based on material, the market is segmented into plastic, paper, and aluminum. Based on product, the market is segmented into seals, high barrier films, pouches & bags, lids & labels and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
the global Flexible Packaging market consists of global & regional players operating. some of the key players in the material market include Amcor Plc, Mondi Plc, Coveris Holdings S.A, Datwyler Holdings, Aptar Group, Inc., Constantia Flexibles Group Gmbh, Berry Global, Inc., CCL Industries Inc., Westrock Company, Honeywell International, Catalent, Inc., Huhtamaki Oyj, Winpak Ltd., Reynolds Group Holdings, Becton Dickinson & Company, Sealed Air Corporation and other.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America hold the largest share in the flexible packaging market attributed to the large manufacturing base. However, Asia Pacific is anticipated to surpass North America by value and volume due to the high demand from China and India. Additionally, the highly growing packaging industry in the region is estimated to create a positive impact on the regional market. Europe is estimated to show significant growth attributed to the increase in disposable income. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry