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Flexible Packaging Market HighlightsFlexible 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 growth of flexible packaging market is influenced by increased consumption of processed foods & beverages, innovation in packaging and environmental advantage of such packaging. However, fluctuation in raw material prices and stringent regulations on packaging material waste and recycling expected to hinder the growth of the flexible packaging market.
Flexible packaging has wide applications in the F&B industry, mainly due to its features such as ease of handling, reduced production & shipment costs, and eco-friendliness. Also, the rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand of flexible packaging products. Technological advancements in packaging plays a vital role in driving the growth of flexible packaging market. . Due to this, many companies are investing in R&D and are coming up with advanced flexible packaging products with barrier resistance properties.
Global Flexible Packaging Market is expected to reach USD 342.85 billion by the end of the forecast period at CAGR of 5.92%.
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Key Players
The key players of global Flexible Packaging market report includes-
• Amcor Limited (Australia)
• Bemis Company Inc. (U.S.)
• Constantia Flexible Group GmbH (Austria)
• Huhtamaki Group (Finland)
• Clondalkin Group Holdings B.V. (The Netherlands)
• Coveris Holdings S.A. (U.S.)
• Sonoco Products Company (U.S.)
Segmentation: Global Flexible Packaging Market
For the purpose of the study, the market has been segmented based on material, product, technology, and application. On the basis of the types, the market is segmented into pouches, bags, wraps, and others. The pouches segment accounted for the largest, 36.46% share of the market in 2016, with a market value of USD 85.45 billion and is projected to grow at the highest CAGR of 6.95% during the forecast period. It is most widely used flexible packaging products. It is available in different types such as stand up pouches, retort pouches, and pillow pouches. The stand-up pouches are displaying high growth rate due to high barrier properties against moisture and oxygen coupled with low material usage and cost-effective properties. Bags segment was the second-largest market valued at USD 75.79 billion in 2016.
On the basis of the technology, the market is segmented into flexography, digital printing, and others. Flexography segment accounted for the largest market share of 45.54% in 2016, with a market value of USD 10.6.72 billion and is projected to grow at the highest CAGR of 5.59% during the forecast period. It is a traditional method of printing and is used across various type of substrate, including corrugated cardboard, cellophane, plastic, and metallic film.
Based on the application, the market is segmented into food & beverages, pharmaceuticals, personal Care, and others. The food & beverages segment dominates the global flexible packaging market with 38.16% share in 2016, in terms of value. It is expected to grow at a CAGR of 6.12% during the forecast period. Increase in population along with disposable income in countries such as China, India, and Brazil, has led to a growth in the demand for good quality packaged food.
Geogrpahic Overview
On the basis of the regions, the global flexible packaging market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia Pacific region accounted for the 29.41% share of the market in 2016, in terms of value. It is expected to grow at a CAGR of 6.18% during the forecast period. Exponential growth in the packaging industry in Asia Pacific region is the key factor fueling the growth of the market. Increasing number of a supermarket in the region is also likely to boost the demand for flexible packaging products. China, India, Japan, and Thailand are the main contributor to the Asia Pacific market. China accounts for the largest market share in the region due to rapid urbanization and industrial development.
North America is another major flexible packaging market in the globe. Expansion in confectionery, dairy, and medical industry, technological advancement in barrier materials coupled with rising retail business, stand up pouches usage are likely to trigger the industrial growth.
High growth in the retail as well as the pharmaceutical industry is driving the growth of the North American market. Moreover, the region is the hub of major flexible packaging manufacturers such as Sonoco Products Company (U.S.), Sealed Air Corporation (U.S.), and Bemis Company Inc. among others. The U.S. accounted for the major share of the North American market.
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Scope of the report
This study provides an overview of the global flexible packaging industry, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global flexible packaging market as material, Package type and application. Market Segmentation by material includes – plastic, paper, aluminum, and others. Market categorization on basis of product includes pouches, bags, wraps, and others. On the basis of printing technology, it is segmented as flexography, digital printing, and others, Furthermore, on the basis of application the market of flexible packaging is segmented as food & beverages, pharmaceuticals, personal care, other industries.
TABLE OF CONTENTS
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Continued................
List of Tables
Table 1 Market Synopsis
Table 2 Gdp Per Capita in Developing Nations (Usd)
Table 3 Global Flexible Packaging Market, by Material, 2015–2023 (Usd Billion)
Table 4 Global Flexible Packaging Market, by Product, 2015–2023 (Usd Billion)
Table 5 Global Flexible Packaging Market, by Printing Technology, 2015–2023 (Usd Billion)
Table 6 Global Flexible Packaging Market, by Application, 2015–2023 (Usd Billion)
Continued.......
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