Infinium Global Research has added a new report on the Flexible Packaging Market. The report presents an analysis of global as well as regional markets of the flexible packaging market over the period of 2016 to 2024. According to the Flexible Packaging Association, flexible packaging is any package or any part of a package whose shape can be readily changed. Common examples of flexible packaging are bags and pouches. Flexible packages are used for consumer and institutional products and in industrial applications to protect the market and distribute a vast collection of products. The main advantage of using a flexible market is that flexible packaging is reusable. Features such as zip locks, spouts, and resalable seals make usage more convenient. Flexible packaging is made from high-grade materials. These bags use (FDA) Food and Drug Administration approved food grade materials that are contaminant free and perfectly safe.
Increased product shelf life and increasing demand for consumer friendly packages and enhanced product protection drive the growth of the flexible packaging market. Moreover, the increase in demand from healthcare, cosmetics, food, and beverages and other agricultural products is fuelling the growth of the flexible packaging market. Innovation and technology have enabled flexible packaging manufacturers to use fewer natural resources in the creation of their packaging. Moreover, improvements in production processes have reduced water and energy consumption, greenhouse gas emissions and volatile organic compounds. However, stringent government regulations regarding polymer and recyclability of packaging material are likely to hamper the growth of the market. Furthermore, easy transportation and storage along with sustainable properties as well as the expansion of industry for export trading are the factors providing several growth opportunities for the key players in the flexible packaging market.
Among the geographies, Asia Pacific accounted for the largest share in the flexible packaging market followed by North America. The growth in the Asia Pacific region is attributed due to the large custom base for production and increase in population. Moreover, expansion of the E-commerce industry particularly in china, India, and Vietnam are anticipated to trigger the industry growth. Moreover, the establishment of new manufacturing units by the government of Mexico has resulted in the development of new manufacturing facilities in the North American regions. On the other hand, robust growth in the healthcare sector due to the huge demand from the pharmaceuticals is influencing huge demand for flexible packaging over the years to come.
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global flexible packaging market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for the forecast period of 2018-2024.
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The recent report identified that the Asia Pacific dominated the global flexible packaging market over the last couple of years while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the flexible packaging market worldwide.
The report segments the global flexible packaging market on the basis of Product, Material and End-User Industry.
Global Flexible Packaging Market by Product
Global Flexible Packaging Market by Material
· Flexible Foam
· Aluminium Foils
Global Flexible Packaging Market by End-User Industry
· Pharmaceutical And Medical
· Personal Care And Household Care
Companies Profiled in the Report
· Reynolds Group Holdings Limited
· Mondi Group
· Berry Plastics Group, Inc.
· Sonoco Products Company
· Coveris Holdings S.A.
· Huhtamäki OYJ
· Bemis Company, Inc.
· Sealed Air Corporation
· Constantia Flexibles Group GmbH
· Amcor Limited
About Infinium Global Research
Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which is blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.
Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.
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