The report is titled as ‘Flexible Packaging Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the flexible packaging market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Flexible packaging market is expected to grow with significant rate in the near future.
The global flexible packaging market in 2020 is estimated for more than US$ 262.2 Bn and expected to reach a value of US$ 378.2 Bn by 2028 with a significant CAGR of 4.7%.
Flexible Packaging Market Definition
One of the fastest growing segments of the packaging industry is flexible packaging, is a mechanism of packaging products with the use of non-rigid materials, which allow for more customizable and cost-effective options. It is somewhat a new method in the packaging market and has emerged popular due to its reasonable and high-efficient nature. This flexible packaging method employs a variety of flexible materials, such as plastic, foil, and paper, to create bags, pouches, and other pliant product containers.
Flexible packages are specifically useful in industries that require adjustable and versatile packaging, such as the personal care, food and beverage, and pharmaceutical industries. One of the major benefits of the flexible packaging method is, it adds marketability and value to edible and non-edible products evenly – bringing together the best qualities of film, plastic, aluminum foil, and paper to deliver a wide range of protective attributes while utilizing the least amount of material.
Advancements and Innovation in technology have led to the development of lighter weight packaging that improves flexible packaging's strength, shelf life, protection of the product, and the capability to be closed and sealed. There are hundreds of examples of innovation in flexible packaging. Each one starts from an idea: shipping costs should be lower, food should stay fresher for long, and medicines should be safer and secured for the consumer. With its custom features, flexibility, sustainability, and efficiency in conserving resources, it is the best time to consider shifting to flexible packaging. Thus, the industry is projected to continue advancing at a remarkable rate.
Flexible Packaging Market Dynamics
Most of the businesses have already or are trying to switch to flexible packaging owing to its number of benefits, including less-expensive material, great durability, and provides strong protection to the product. Owing to which, this particular segment of flexible packaging is estimated to witness enormous demand in the global market, thereby propelling the entire growth of the global flexible packaging market in the forthcoming years.
In addition to that, flexible packaging maintains the freshness for the products it carries. In fact, flexible packaging also has the potential to extend the shelf life of many products, especially food, which further plays a positive role in the growth of the global flexible packaging market in the near future. Flexible packaging also provides convenience to the consumers as it is light-weight, easy to carry, use and store.
By the same token, flexible packaging needs less energy and water to manufacture and transport, as well as generates very less quantities of greenhouse gases on its way to market, which further proves beneficial for the environment. Attributing to all of which, the global flexible packaging market is expected to grow significantly in the coming years.
Flexible Packaging Market Key Players
Some of the key participating players in global flexible packaging market are
Amcor Limited
Constantia Flexibles Group GmbH
Sealed Air Corporation
Bemis Company, Inc.
Huhtamäki OYJ
Coveris Holdings S.A.
Sonoco Products Company
Berry Plastics Group, Inc.
Mondi Group
Reynolds Group Holdings Limited
Clondalkin Group Holdings Bv
Novolex – Carlyle Group
Bischof + Klein SE & Co. Kg
British Polythene Industries PLC (RPC BPI Group)
Proampac
Britton Group Limited
Flexible Packaging Market Segmentation
The global flexible packaging market is segmented on the basis of type, material, printing technology, application, and region.
By Type
Stand-Up Pouches
o Standard Stand-Up Pouches
o Retort Stand-Up Pouches
Flat Pouches
o Standard Flat Pouches
o Retort Flat Pouches
Rollstocks
Gusseted Bags
Wicketed Bags
Wraps
Others
By Material
Plastic Films
o Polypropylene
Biaxially Oriented Poly Propylene
Cast Polypropylene
o Polyethylene
High-Density Polyethylene
Low-Density Polyethylene
o Poly Vinyl Chloride
o Biaxiallyoriented Polyethylene Terephthalate
o Ethylene Vinyl Alcohol
o Polyamide
o Polystyrene
Paper
Aluminum Foil
Bioplastics
By Printing Technology
Flexography
Rotogravure
Digital Printing
Other
By Application
Food & Beverage
Healthcare
Cosmetics & Toiletries
Other Applications
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
MMC Overview
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the Flexible Packaging market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market. Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
1. Global Flexible Packaging Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Flexible Packaging Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Flexible Packaging Market Snapshot
2.4. Global Flexible Packaging Market Size and Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Flexible Packaging Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Flexible Packaging Market, By Type
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Type
3.1.2. BPS Analysis, By Type
3.2. Market Revenue (US$Mn) Forecast, By Type
3.2.1. Stand-Up Pouches
3.2.1.1. Standard Stand-Up Pouches
3.2.1.2. Retort Stand-Up Pouches
3.2.2. Flat Pouches
3.2.2.1. Standard Flat Pouches
3.2.2.2. Retort Flat Pouches
3.2.3. Rollstocks
3.2.4. Gusseted Bags
3.2.5. Wicketed Bags
3.2.6. Wraps
3.2.7. Others
3.3. Global Flexible Packaging Market Attractiveness Index, By Type
13.5. Africa Flexible Packaging Market, By Printing Technology
13.5.1. Flexography
13.5.2. Rotogravure
13.5.3. Digital Printing
13.5.4. Other
13.6. Africa Flexible Packaging Market, By Application
13.6.1. Food & Beverage
13.6.2. Healthcare
13.6.3. Cosmetics & Toiletries
13.6.4. Other Applications
13.7. Africa Flexible Packaging Market Attractiveness Index
13.7.1. By Country
13.7.2. By Type
13.7.3. By Material
13.7.4. By Printing Technology
13.7.5. By Application
14. Recommendation
14.1. Market Strategy
15. Competitive Landscape
15.1. Competition Dashboard
15.2. List and Company Overview of Global Key Players
15.3. Company Profiles
15.3.1. Amcor Limited
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Key Developments
15.3.1.5. Business Strategies
15.3.2. Constantia Flexibles Group GmbH
15.3.3. Sealed Air Corporation
15.3.4. Bemis Company, Inc.
15.3.5. Huhtamäki OYJ
15.3.6. Coveris Holdings S.A.
15.3.7. Sonoco Products Company
15.3.8. Berry Plastics Group, Inc.
15.3.9. Mondi Group
15.3.10. Reynolds Group Holdings Limited
15.3.11. Clondalkin Group Holdings Bv
15.3.12. Novolex – Carlyle Group
15.3.13. Bischof + Klein SE & Co. Kg
15.3.14. British Polythene Industries PLC (RPC BPI Group)
15.3.15. Proampac
15.3.16. Britton Group Limited
16. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The global flexible packaging market in 2020 is estimated for more than US$ 262.2 Bn and expected to reach a value of US$ 378.2 Bn by 2028 with a significant CAGR of 4.7%.
What are the key factors driving the growth of market?
Most of the businesses have already or are trying to switch to flexible packaging owing to its number of benefits, including less-expensive material, great durability, and provides strong protection to the product.
What segments are covered in market report?
The global flexible packaging market is segmented on the basis of type, material, printing technology, application, and region.
What are the key participating players in the market?
Some of the key participating players in global flexible packaging market are Amcor Limited, Constantia Flexibles Group GmbH, Sealed Air Corporation, Bemis Company, Inc., Huhtamäki OYJ, Coveris Holdings S.A., Sonoco Products Company, Berry Plastics Group, Inc., Mondi Group, Reynolds Group Holdings Limited, Clondalkin Group Holdings BV, Novolex – Carlyle Group, Bischof + Klein SE & Co. Kg, British Polythene Industries PLC (RPC BPI Group), Proampac, and Britton Group Limited
