Flexible Packaging Market : 2020 Sales, Key Country Analysis, Size, Share, And Trends Forecast To 2027

 Market Analysis 

 

The Global Flexible Packaging Market size will develop at a 6.09% CAGR between the forecast period 2017- 2023, according to the new Market Research Future (MRFR) analysis. Flexible packagings are containers or packages made of flexible materials or materials which, when closed or filled, can bend and still hold the shape. It is generally made of foil, plastic film, paper, or a combination of any of these. 

 

Various factors are propelling the global flexible packaging market share. According to the recent MRFR market estimates, such factors include increased demand in the pharmaceutical, cosmetics and personal care, and food & beverage sectors, development in modern retailing, consumers high income, rise in e-commerce activities in emerging economies, technological advancements, innovations in flexible packaging, and increased consumption of processed foods and beverages during the COVID-19 pandemic. 

 

On the contrary, strict regulations on packaging material waste & recycling, environmental and recycling concerns, and fluctuating raw material costs are factors that may impede the global flexible packaging market size over the forecast period. 

 

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Market Segmentation

 

The MRFR report highlights an inclusive segmental analysis of the global flexible packaging market based on application, printing technology, product type, and material. 

 

By material, the global flexible packaging market is segmented into foil, aluminum, paper, plastic, and others. Of these, the plastic packaging segment will lead the market over the forecast period. Wide applications in the packaging in different end-use industries are adding to the growth of the segment. 

 

By product type, the flexible packaging market is segmented into wraps, bags, pouches, and others. Of these, the pouch segment will dominate the market over the forecast period. The pouch segment comprises pillow pouches, retort pouches, and stand-up pouches. 

 

By printing technology, the global flexible packaging market is segmented into digital printing, flexography, and others. Of these, the flexography segment will spearhead the market over the forecast period. 

 

By application, the global flexible packaging market is segmented into personal care, pharmaceutical, food and beverage, and others. Of these, the food and beverage segment will have the lion's share in the market over the forecast period. 

 

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for flexible packaging are predominantly covered in the global flexible packaging market research report. Country-level flexible packaging markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level flexible packaging markets are covered in the report. In Asia-Pacific (APAC) region, the country-level flexible packaging markets covered are Japan, India, China, and others. The flexible packaging market research report also explores the regional market for flexible packaging present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The flexible packaging market research report also covers regional markets from the rest of the world alongside flexible packaging markets of Africa and the Middle East.

Competitive Landscape

Increasing population and rapid industrialization are presumed to drive the flexible packaging market growth worldwide. The global flexible packaging market could be challenged by availability of substitutes, nevertheless, organizations in the flexible packaging market will carry the growth rate forward. The flexible packaging market research report presents company profiles of major companies active in the flexible packaging market globally. Furthermore, the global flexible packaging market report offers an all-inclusive analysis of the market collected from the flexible packaging market’s primary and secondary sources covering both decision makers and thought leaders. The flexible packaging market research report highlights such key areas assisting businesses operating in the flexible packaging market to build better growth strategies.

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Industry News

 

The members of the Flexible Packaging Europe (FPE) association say in a recent statement that they are "very concerned" about the recent developments on the European polymer markets. Over a very brief time, manufacturers of flexible packaging have faced a growing number of declarations by the leading polymer manufacturers in Europe about "force major" or "maintenance" advertisements which generate sudden and significant shortages along with price increases in the supply chain, according to the authorities.

 

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 Components, Application, Logistics 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

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