Flexible Packaging Market Share Outlook and Future Scope Analysis - Forecast To 2022
Global Flexible Packaging Market Share: By Material (Plastic, Paper, Aluminum), Products (Pouches, Bags, Wraps), Printing Technology (Flexography, Digital Printing), Application (Pharmaceutical, Food & Beverages, Personal Care) and Region - Forecast Till 2022
(firmenpresse) - Flexible Packaging Market Share – Overview
Flexible packaging is a rapidly growing segment in the global packaging industry, and it integrates the best qualities of plastic film, aluminum foil, and paper to offer a wide range of protective properties. It can take the shape of a bag, pouch, or any part of a package whose shape can be readily changed. Such packaging is used for various products in consumer as well as industrial applications to protect, market, and distribute a variety of products.
According to the MRFR analysis, the Flexible Packaging Market Share is swelling at a rapid pace and is anticipated to increase significantly over the forecast period. The global Flexible Packaging Market Share is estimated to grow at a CAGR of 5.92% during the estimated period (2017-2023).
Key Players
Amcor Limited (Victoria), Constantia Flexibles Group GmbH (Austria), Mondi Group (Johannesburg), Sealed Air Corporation (North Carolina), Sonoco Products Company (U.S.), Coveris Holdings S.A. (U.S.), Huhtamaki Group (Finland), Bemis Company Inc. (U.S.) and Ampac Holdings LLC (U.S.) are some of the prominent players at the forefront of competition in the global Flexible Packaging Market Share and are profiled in MRFR Analysis.
Flexible Packaging Market Share Segmentation
For the purpose of the study, the market has been segmented based on material, product, technology, and application. On the basis of the types, the market is segmented into pouches, bags, wraps, and others. The pouches segment accounted for the largest, 36.46% share of the market in 2016, with a market value of USD 85.45 billion and is projected to grow at the highest CAGR of 6.95% during the forecast period. It is most widely used flexible packaging products. It is available in different types such as stand up pouches, retort pouches, and pillow pouches. The stand-up pouches are displaying high growth rate due to high barrier properties against moisture and oxygen coupled with low material usage and cost-effective properties. Bags segment was the second-largest market valued at USD 75.79 billion in 2016.
On the basis of the technology, the market is segmented into flexography, digital printing, and others. Flexography segment accounted for the largest market share of 45.54% in 2016, with a market value of USD 10.6.72 billion and is projected to grow at the highest CAGR of 5.59% during the forecast period. It is a traditional method of printing and is used across various type of substrate, including corrugated cardboard, cellophane, plastic, and metallic film.
Based on the application, the market is segmented into food & beverages, pharmaceuticals, personal Care, and others. The food & beverages segment dominates the global Flexible Packaging Market Share with 38.16% share in 2016, in terms of value. It is expected to grow at a CAGR of 6.12% during the forecast period. Increase in population along with disposable income in countries such as China, India, and Brazil, has led to a growth in the demand for good quality packaged food.
Regional Analysis
The global Flexible Packaging Market Share by region has been segmented into North America, Europe, Asia-Pacific and Rest of the world. This market has seen a substantial growth over the past few years and it has been experienced that the market will remain on the same growth level till forecast period. Among the regions covered, Asia-Pacific has accounted the largest market for Flexible Packaging Market Share followed by Europe and North America. Asia-Pacific region is comprised of countries such as China, India, and Japan, which are the leading exporters of goods to various parts of the world. The increasing exports from these countries is leading to the growth of the Flexible Packaging Market Share. The booming
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