Flexible Packaging Market Introduction
Technological advancements in packaging industry have led to the introduction of flexible packaging materials which is changing the way companies pack and offer their products to consumers. Major brands in the food & beverages industry are embracing pouches, films, and bags made of eco-friendly flexible packaging materials to enhance packed food quality and meet government regulations. Further, on-the-go consumer lifestyle has led to an increase in demand for ready to eat food items, thereby encouraging producers to offer healthier packed food that can be delivered quickly and disposed of efficiently. This trend is increasing the popularity of flexible packaging solutions among companies concerned about changing consumer needs and compete against rivals. Food & beverages industry is among major users of flexible packaging materials, for instance, international brands are focused towards introducing brewed coffees, cookie dough, cannabis products in stand-up pouches. This is projected to increase overall revenue growth in the flexible packaging industry at a healthier rate.
International brands operating across major end-user industries especially food & beverages, and pharmaceuticals are aimed at enhancing overall product safety, properties, and shelf-life. Thus, investing in flexible packaging materials especially aluminum and bioplastics. This allows companies to protect their packed goods against moisture in hot and extreme environmental condition. This, in turn, is driving the flexible packaging market growth worldwide. Further, increasing demand for packed food in developing regions such as North America and Europe owing to changing consumer lifestyle and hectic schedule is increasing the uptake of flexible packaging solutions, thereby expanding flexible packaging market size. Additionally, the uptake of bioplastic is expected to increase in near future due to the introduction of strict environmental friendly regulations in developed countries.
The global flexible packaging market research study analyses various segments such as raw material type, packaging type, end users, and region. By raw material, the flexible packaging market has been classified into plastic, bioplastic, paper, aluminium foil, and other materials. Based on packaging type, the flexible packaging market is bifurcated into pouches, wraps, bags, and others. The global flexible packaging market has been segmented based on end users into food, beverages, pharmaceuticals, personal care, and other end user industries. Major regions studied in the global flexible packaging market are North America, Latin America, Asia-Pacific, Eastern Europe, Middle East & Africa, and Western Europe.
Flexible Packaging Market Competitive Landscape
Major companies identified in the global flexible packaging industry are Bemis Company, Inc., BASF, Bischof & Klein GMBH & CO.KG, Mondi plc, Huhtamaki Oyj, Wipak Group, Sealed Air Corporation, Constantia Flexibles International GmbH, Flextrus AB, Sonoco Products Company, Amcor Ltd., Ukrplastic, Ampac Holding, and American Packaging. Prominent companies in the market are concentrating on introducing advanced flexible packaging material containing multiple use properties to gain a competitive advantage in the long run.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on flexible packaging market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.