Flexible Packaging Market 2019 Top Key Players, Global Analysis, Growth, Demand, Opportunities, Business Risk, Strategies, Growth Factors And Forecast To 2023
May 17, 2019
Global Flexible Packaging Market Size, Share, Growth, Trends, Analysis, Future Scope: By Material (Plastic, Paper, Aluminum), Products (Pouches, Bags, Wraps), Printing Technology (Flexography, Digital Printing), Application (Pharmaceutical, Food & Beverages, Personal Care) And Region - Forecast Till 2023
May 17, 2019 /MarketersMedia/ —
Market Synopsis
According to Market Research Future (MRFR)’s analysis, the global flexible packaging market is expected to exhibit a CAGR of 5.92% during the forecast period 2017 to 2023. The report further asserts that the market is presumed to reach a valuation of USD 342.85 Bn by the end of the assessment period. Developments in the packaging industry have motivated the shift from rigid packaging to the consumer-friendly flexible packaging. This ongoing trend is likely to gain more traction in the forthcoming years, thus, augmenting the market in the years to come.
The changing food patterns have paved the way for the demand generation for packaged food. The increasing per capita income in conjunction with increasing standards of living is further expected to boost the demand in the food & beverage industry. This, in turn, is prognosticated to accelerate revenue creation for the participants of the flexible packaging market over the next couple of years.
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The towering demand from end-user industries such as pharmaceuticals, personal care, etc. are anticipated to support the growth pattern of the flexible packaging market across the review period. Also, supportive government regulations are likely to favor the expansion of the market due to the innovation of eco-friendly flexible packaging materials.
Competitive Dashboard
The important players of the flexible packaging market profiled in this MRFR report are
Amcor Limited (Victoria)
Mondi Group (Johannesburg)
Constantia Flexibles Group GmbH (Austria)
Bemis Company Inc. (U.S.)
Sealed Air Corporation (North Carolina)
Coveris Holdings S.A. (U.S.)
Sonoco Products Company (U.S.)
Huhtamaki Group (Finland), and Ampac Holdings LLC (U.S.)
Industry News
In April 2019, Huhtamaki, a food, and drink packaging company, has announced the launch of a new range of recyclable flexible packaging, blueloop, made of mono-material PP, PE, and paper.
In April 2019, Tekni-Plex, developer and manufacturer of innovative packaging materials, has entered into an agreement for the purchase of three manufacturing facilities from Amcor’s Flexible Packaging business unit.
In April 2019, ePac Flexible Packaging, a flexible packaging company, has announced its plan of expansion in Europe.
Market Segmentation
By material, the global Flexible Packaging Market has been segmented into plastic, paper, aluminum, and others.
By product, the flexible packaging market has been segmented into pouches, bags, wraps, and others. Among these, the pouches segment is likely to observe massive demand from end-user industries. The segment was valued at USD 85.45 Bn and has been anticipated to thrive at a relatively higher CAGR of 6.95% during the review period.
By technology, the global flexible packaging market has been segmented into flexography, digital printing, and others. The flexography segment is projected to emerge as the fastest growing segment reflecting a CAGR of 5.59% over the assessment period.
By application, the flexible packaging market has been segmented into food & beverage, pharmaceuticals, personal care, and others. Among these, the food & beverage segment is presumed to signify immense growth opportunities owing to the changing food pattern in the fast-developing economies such as China and India among others. The segment is likely to strike a CAGR of 6.12% during the forecast period.
Regional Analysis
The global flexible packaging market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is a major market for flexible packaging. The boom witnessed in the packaging industry is likely to favor market expansion over the review period. Also, the growth of the end-user industries such as pharmaceuticals, food & beverage, etc. are anticipated to propel the proliferation of the flexible packaging market in the years to come. Asia Pacific is also forecasted to exhibit positive growth owing to the presence of fast-developing economies such as China and India.
Table Of content
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
Continues……
List Of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR 17
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 19
FIGURE 3 DRIVERS, RESTRAINTS AND TRENDS OF GLOBAL FLEXIBLE PACKAGING MARKET 21
FIGURE 4 GROTH RATE OF BEVERAGE PACKAGING, BY REGION, 2012-2017 (%) 22
FIGURE 5 GROWTH DRIVERS: IMPACT ANALYSIS 23
FIGURE 6 GROWTH BARRIERS: IMPACT ANALYSIS 24
FIGURE 7 PORTER'S 5 FORCES ANALYSIS OF GLOBAL FLEXIBLE PACKAGING MARKET 27
Continues……
For More Info, Click @ https://www.marketwatch.com/press-release/flexible-packaging-market-2019-global-industry-size-growth-trends-demand-future-scope-business-revenue-top-players-and-regional-forecast-to-2022-2019-03-26
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Phone: +1646 845 9312
Website: https://www.marketresearchfuture.com/reports/beauty-personal-care-packaging-market-5528
Source: MarketersMedia
Release ID: 514119
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