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Flexible Packaging Market Research Report - Forecast to 2023

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Global Flexible Packaging Market: By Material (Plastic, Paper, Aluminum), Products (Pouches, Bags, Wraps), Printing Technology (Flexography, Digital Printing), Application (Pharmaceutical, Food & Beverages, Personal Care) And Region - Forecast Till
Flexible Packaging Market Research Report
By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Flexible Packaging Market Research Report - Forecast to 2023
Global Flexible Packaging Market: By Material (Plastic, Paper, Aluminum), Products (Pouches, Bags, Wraps),
Printing Technology (Flexography, Digital Printing), Application (Pharmaceutical, Food & Beverages, Personal
Care) And Region - Forecast Till 2023
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 is swelling at a rapid pace and is anticipated to increase
significantly over the forecast period. The global flexible packaging market is estimated to grow at a CAGR of 5.92% during
the estimated period (2017-2023).
The flexible packaging market is compelled by several factors such as increased consumption of packed and wrapped foods
& beverages. Moreover, environmental benefits of flexible packaging are also stimulating the growth of the market. Flexible
packaging contains low raw material consumption, low carbon emission, and comparatively low waste production as
compared to conventional packaging formats. It reduces energy usage. For e.g., to produce a pouch for food package needs
75% less energy and produces just 1 /10 of CO2 emissions during manufacturing than a metal can for the equivalent
amount of product.
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Flexible Packaging Market Research Report - Forecast to 2023
Regional Analysis
On the basis of the regions, the global flexible packaging market has been segmented into North America, Europe, Asia
Pacific, and Rest of the World (RoW). Asia Pacific region accounted for the 29.41% share of the market in 2016, in terms of
value. It is expected to grow at a CAGR of 6.18% during the forecast period. Exponential growth in the packaging industry in
Asia Pacific region is the key factor fueling the growth of the market. Increasing number of a supermarket in the region is
also likely to boost the demand for flexible packaging products. China, India, Japan, and Thailand are the main contributor
to the Asia Pacific market. China accounts for the largest market share in the region due to rapid urbanization and industrial
development.
North America is another major flexible packaging market in the globe. Expansion in confectionery, dairy, and medical
industry, technological advancement in barrier materials coupled with rising retail business, stand up pouches usage are
likely to trigger the industrial growth.
High growth in the retail as well as the pharmaceutical industry is driving the growth of the North American market.
Moreover, the region is the hub of major flexible packaging manufacturers such as Sonoco Products Company (U.S.), Sealed
Air Corporation (U.S.), and Bemis Company Inc. among others. The U.S. accounted for the major share of the North
American market.
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Flexible Packaging Market Research Report - Forecast to 2023
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 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.
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Flexible Packaging Market Forecast To 2023
Key Players
The prominent players in the flexible packaging include 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.).
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MARKET RESEARCH FUTURE
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report
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studies by products, services, technologies, applications, end users, 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.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and
industrial visits for its research analyst members.
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Author
Monica Nerkar
Monica Nerkar599   documents Email
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Business and Leadership
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Flexible Packaging Market, packaging, Flexible Packaging
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