Flexible packaging is defined as the economic technique of primary packaging, food & beverages, household consumables, preserving and dispensing, medicines and some other products for which the extended shelf life is essential. A package or container made of flexible material when filled or closed can be readily changed into any shape. The structure may be of paper, plastic film, foil or any combination of these. Flexible packaging can be manufactured in an extensive variety of innovative forms, dimensions, and appearances, and can comprise mechanisms including holders and opening and reclosing types include zips and stand up pouches. Packaging is done to achieve aspects including product safety, extended product storage, maintain the quality of product and for other specific applications. Types of packaging are metal, plastic, fibre, paper and others.
Global Flexible Packaging Market Segments Size & Growth:
Global Flexible Packaging Market size is anticipated to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the Global Flexible Packaging Market are rising demand from end users, new innovative products, longer shelf life and changing the lifestyle of people and improving global manufacturing activities are the key factors that are driving the market growth. However, stringent rules and regulations and concerns about the environment and recycling are the main factor that is hindering the growth of the market. On the other hand, growth in demand for sustainable packaging solutions, substitution of traditional packaging, emerging
Global Flexible Packaging Market Segments Share:
Global Flexible Packaging Market is segmented by material which further consists of aluminium foil, plastics, bioplastics, paper and others. Plastics are further subdivided into polyethene, polypropylene, polyvinyl chloride, polyethene terephthalate and others. By the end user, the market is categorised into healthcare, food & beverage, household care, retail, personal care, manufacturing, agriculture, and others. Among these segments, food & beverage segment have the largest market share owing to the steady decline in the poverty rates, coupled with growing middle-class population and packaged food products have recorded high growth rates owing to the growing need for convenience and changing the lifestyle of the people across the globe. By Geography, Asia Pacific is anticipated to register the highest CAGR during the forecast period owing to the increasing demand for pharmaceutical products, packaged food, and retail non-food items, along with the developing consumption habits and also changing the lifestyle of the people. Also, E-commerce industry expansion majorly in China and India will drive the market growth as e-commerce emphasises on packaging to improve the experience of the customer. In India above 40% of the total plastic produced are involved in packing industry and in 2015, Alibaba an e-commerce company has shipped around 12 million parcels per day.
Global Flexible Packaging Market Trends:
Global Flexible Packaging Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key players in the Global Flexible Packaging Market are:
Along with these companies, there were many other companies considered/cited in the report while analysing the Global Flexible Packaging Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Starting from $2700
Starting from $2700
Starting from $2700
Keep up-to-date with our weekly newsletter, Media Pulse.