According to the new market research report “Flexible Plastic Packaging Market by Type (Pouches, Rollstocks, Bags, Wraps), Material (Plastic & Aluminum Foil), Application (Food, Beverage, Pharma & Healthcare, Personal care & Cosmetics), Technology, and Region – Global Forecast To 2025“, The global flexible plastic packaging market size is projected to grow from USD 160.8 billion in 2020 to USD 200.5 billion by 2025, at a CAGR of 4.5% from 2020 to 2025. The market is projected to grow in accordance with the increase in the demand for flexible plastic packaging for food, beverage, and cosmetics products across the globe. Furthermore, the flexible plastic packaging market has witnessed a significant increase in its demand for the supply of grocery, drugs, and vegetables & meat through online channels, during the ongoing COVID-19 pandemic.
Don’t miss out on business opportunities in Flexible Plastic Packaging Market
Speak to our analyst and gain crucial industry insights that will help your business grow:
The pouches segment, by type, accounted for the largest market share in the flexible plastic packaging market. The increase in the demand for pouches can be attributed to the rise in the demand for processed food packed in pouches, lightweight, and convenient packaging solutions across end-use industries. Manufacturers of food and beverage products prefer stand-up pouches to differentiate their brands and gain a competitive advantage in the market. Pouches have the flexibility of being tailored to offer unique designs, styles, and sizes. The increasing opportunities in the e-commerce and offline retail sectors have resulted in the accelerated demand for flexible plastic pouches for their packaging applications.
Food segment, by application, accounted for the largest demand for flexible plastic packaging in 2019, in terms of value and volume. This dominant market position is attributed to the boost in the demand for flexible plastic packaging solution across the food industry. People are resorting to panic-buying and bulk stocking due to the fear of lockdowns, in COVID-19 pandemic. More people are ordering daily staples and fresh food through online channels, which leads to an increase in the demand for flexible plastic packaging solutions.
Browse and in-depth TOC on “Flexible Plastic Packaging Market – Global Forecast to 2025”
138 – Tables
47 – Figures
228 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/flexible-packaging-market-1271.html
The global flexible plastic packaging market size is projected to grow from USD 160.8 billion in 2020 to USD 200.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast year. According to the Flexible Packaging Association, “flexible packaging is any package or any part of a package whose shape can be readily changed.” Some of the most common examples of flexible packaging include bags, pouches, shrink films, tubes, sleeves, and carded packaging. It find application in in numerous industries, such as food, beverages, pharma & healthcare, and Cosmetics industries. Flexible packaging is considered to be the most convenient and economical way to preserve, distribute, and package food items, beverages, pharmaceutical products and several consumables. In a way, flexible plastic packaging ensures a prolonged shelf life of the products that helps in efficient distribution and minimizing losses
The flexible plastic packaging market has thousands of companies which thrive in their domestic market. A few of the major players are, Berry Global Inc. (US), Sealed Air Corporation (US), Amcor (Australia), Sonoco (US), Mondi (Austria), Sealed Air Corporation (US), Coveris (Austeria), Clondalkin Group (The Netherlands), Transcontinental Inc. (Canada), and Constantia Flexibles (Austria). These players have adopted various growth strategies, such as acquisitions, expansions & investments, new product launch, and agreements to increase their market shares and enhance their product portfolios.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1271
Amcor (Australia) is a key manufacturer of flexible plastic packaging products & services, and it offers a range of flexible plastic packaging products. Amcor aims to provide innovative solutions that are eco-friendly and meet consumer expectations. The company caters to the food, healthcare, beverage, home, tobacco, and personal care industries through its broad range of flexible packaging products. The company through its strategic developments aims to strengthen its customer base and product offering globally.
Berry Global Inc. is one of the key manufacturers and suppliers of a range of rigid and flexible flexible plastic packaging products. Berry Global focuses on expanding its customer base in various regions by offering attractive products for flexible plastic packaging. The company emphasizes on delivering high-quality tailor-made solutions to its customers and on manufacturing products that are designed using the latest unique manufacturing technologies. The company adopts various strategic initiatives to expand and accelerate its market presence and strengthen its customer base across the world.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/flexible-packaging-market.asp