Flexible Plastic Packaging Market

Flexible Plastic Packaging Market 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 Plastic Packaging Market Market Research Report - Forecast to 2023
Global Flexible Plastic Packaging Market, By Type (Stand-Up Pouches, Flat Pouches, Gusseted, Bags and
Others), By Printing Technology (Flexography, Digital Printing and Others), By Application (Food &
Beverages, Pharmaceuticals, Personal Care and Others) and Region - Forecast 2017-2023.
Flexible packaging is one of the fastest growing segments of the packaging industry, and it integrates the best qualities of
plastic, film, paper and aluminum foil to offer an extensive range of protective properties. It essentially takes the shape of a
bag, pouch, liner, or overwrap, or any part of a package whose shape can readily be changed. Such packaging is used for
consumer products and in industrial applications, to protect, market, and distribute a variety of products.
The market is driven by various factors such as increased consumption of processed foods & beverages, innovation in
flexible packaging, and environmental advantage of flexible plastic packaging. The higher disposable income in these
developing countries increases the purchasing power. Hence, consumer dependence on processed, pre-cooked and packed
foods, here, will increase. As a result flexible packaging market has been impacted, positively. However, flexible plastic
packaging market has various restraints that hinder the market growth such as fluctuating raw material prices and stringent
regulations on packaging material waste and recycling.
The market for global flexible plastic packaging is segmented mainly based on types, printing technologies, and applications.
Market categorization on the basis of product type includes Stand-Up Pouches, Flat Pouches, Gusseted, Bags and Others. On
the basis of printing technology, it has been segmented as flexography, digital printing, and others. Furthermore, on the
basis of applications the market of flexible plastic packaging is segmented as food & beverages, pharmaceuticals, personal
care, other industries.
Flexible Plastic Packaging Market is expected to reach the market size of ~USD 129 billion by the end of forecast period with
CAGR of ~5.2% between 2017 and 2023.
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Flexible Plastic Packaging Market Market Research Report - Forecast to 2023
Segmentation
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Flexible Plastic Packaging Market Market Research Report - Forecast to 2023
Regional Analysis of Global Flexible Plastic Packaging Market
Asia Pacific dominates the global flexible packaging market with the largest market share. It comprises countries such as
China, India, and Japan, which lead in in the export of goods to various parts of the world. Moreover, increase in consumer
income has led to a growth in demand for good-quality packaged food. Also, the rise in population in many countries, has
led to an increase in food & beverage consumption, which ultimately increases the demand for flexible packaging products.
The increasing exports from these countries is leading to the growth of the flexible packaging market. The booming ecommerce market in the region is also contributing in the growth of the flexible packaging market. The e-commerce market
is boosted by the increasing internet penetration.
Plastic packaging market expansion will continue to profit from the drive to replace traditional materials such as glass and
metal, with lighter-weight, more cost-effective and higher performance plastic materials in various markets. Flexible plastic
packaging is cheap, visually appealing and chemically inert. These features increase their demand in products that are used
in packaging, and are made in a wide variety of innovative shapes, sizes and appearances. They include components, such
as handles; and opening and reclosing features, such as zips and spouts. Such packaging helps in reducing the wastage of
food due to the increased shelf life of the food product, according to Industry Council for Research and Packaging on the
Environment (INCPEN). Advanced packaging for milk pouches, makes transportation easy and without any refrigeration.
Key Players
The major player operating in the market of global flexible plastic packaging are 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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Global Flexible Plastic Packaging Market, By Type (Stand-Up Pouches, Flat Pouches, Gusseted, Bags and Others), By Printing Technology (Flexography, Digital Printing and Others), By Application (Food & Beverages, Pharmaceuticals, Personal Care and Others) and Region - Forecast 2017-2023.

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