Flexible Packaging Market Size, Revenue, Size, Analysis, Share and Regional Forecast to 2027
Flexible Packaging Market Size, Revenue, Size, Analysis, Share and Regional Forecast to 2027
(firmenpresse) - Summary
Flexible Packaging Market Size,: By Material (Plastic, Paper, Aluminum), Products (Pouches, Bags, Wraps), Printing Technology (Flexography, Digital Printing), Application (Pharmaceutical, Food & Beverages, Personal Care) And Region - Forecast Till 2027
Overview
The standards of living in developing regions like South Africa, Russia and Brazil are steadily improving, which translates into higher purchasing power of consumers, which leads to more demand for high-quality products. Evolving consumer lifestyles combined with the escalating demand for environment-friendly packaging material can possibly lead better growth prospects for the Flexible Packaging Market Size, in the following period.
Leading Industry Participants
Leading participants present in the market for flexible packaging include Sealed Air (US), CLONDALKIN GROUP (The Netherlands), COVERIS (US), HUHTAMAKI GROUP (Finland), Amcor Limited (Australia), CONSTANTIA (Austria), Sonoco Products Company (US), Reynolds (New Zealand), Mondi (Austria), Berry Global Inc. (US), to name a few.
Market Segmentation
The top segments as per which the Flexible Packaging Market Size has been dissected include material, product type, printing technology, and application.
The product types discussed in the report are wraps, bags, pouches, and others. Pouch is the top segment in the market with the largest share, with the growing demand for retort pouches, pillow pouches and stand-up pouches in various sectors. These pouches offer an array of benefits that include high barrier against oxygen and moisture, along with cost-effective and low material usage properties.
The various printing technologies that have been analyzed in the report are digital printing, flexography, and others. Out of these, flexography has taken the lead as it is a conventional technique of printing that finds a lot of use across several types of substrate, such as cellophane, corrugated cardboard, label stock, plastic, metallic film and fabric. The highest demand is generally garnered by semi-liquid ink as it dries quite fast, benefitting the end users.
The application-dependent market segmentation comprises personal care, pharmaceutical, food & beverage, and others. The market is dominated by the food & beverage segment, out of all the applications owing to the accelerated demand for on-the-go and ready-to-eat foods & drinks.
Regional Insight
Region-wise study of the Flexible Packaging Market Size, includes Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW).
The North American market can benefit from the liberal nature of the regulations that usually restrict the setting up of new manufacturing units by the Mexican government. As a result, a surge in the number of manufacturing facilities such as Daiichi Ranbaxy, Astellas and Takeda has been noted in recent years. This has been an effective government strategy that has boosted the growth of the domestic pharmaceutical industry, which can mean better business growth for flexible packaging in the region during the appraisal period.
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Datum: 23.09.2020 - 13:29 Uhr
Sprache: Deutsch
News-ID 619930
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Date of sending: 23/09/2020
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