Flexible Packaging Market Gaining Traction from Thriving Food and Beverage Industry
Incessantly increasing population and ecofriendly trends in the world are collectively fueling the packaging usage everywhere due to routinely changing consumption patterns. According to a business intelligence report published by IndustryARC, the global flexible packaging market size reached $220.16 billion in the year 2018 and the same is set to grow with a compound annual growth rate (CAGR) of 3.71% throughout the forecast period 2019-2025.
The report is
Flexible Packaging Market: By Material (Polypropylene, Polyethylene,
Aluminium, Paper, Cellulosic, Others); By Industry (Food & Beverage,
Personal Care, Pharmaceuticals & Others) & Geography – Forecast (2019 -
2025).” It provides the key market participants
with the necessary business intelligence and helps them understand the future
of the global flexible packaging market. It includes market
analysis, market revenue, market trends, market growth, market research, market outlook, and market forecast.
Flexible Packaging Market: Leading Segments
According to Flexible Packaging Association, 100% usage of flexible packaging across the world will save 26 million tons of packaging material, 276 million metric tons of water, and 42 million tons of greenhouse gas emissions on an annual basis. Flexible packaging is an economical option in the entire value chain of a product starting from manufacturing to distribution. Additionally, its design flexibility through innovative sizes, shapes, and appearances are grabbing the attention of manufacturers and consumers as well. Thus, this packaging is chosen by eminent countries such as India, China, and Japan of the APAC region. For this, APAC held a dominating share of 43% in the global flexible packaging market for the year 2018. India occupied a dominating share of the flexible packaging market in the APAC region, it is valued around $6 billion and experiencing a growth of 11% per annum.
Packaging plays a prominent role in terms of product differentiation. Food & Beverage industry is recognized as the fastest growing application among other applications, which is estimated to grow with a CAGR of 3.85% over the above-mentioned forecast period. Flexible packaging has therefore found its place as a cost-efficient solution to satisfy the food packaging demands such as barrier properties and functional properties which enhance the lifetime of the product along with flavor.
Flexible Packaging Market: Disruptive Trends
o Nowadays, sustainability has become the topmost consumer preference. Thus, major retailers, brand owners, and flexible packaging companies which include Mars, PepsiCo, Danone, Coca-Cola, and Walmart are more focused towards reusable, and recyclable packaging, and these initiatives are resulting in shifts to recyclable flexible packaging and increasing the growth of sustainable packaging every day.
o Flexible packaging is gaining greater uptake among millennial due to the convenience and protection offered by diverse packaging materials such as paper, aluminum foil, film, and plastic. Other influential factors include fast overtake among other packaging formats owing to the benefit offered at every stage of the entire packaging value chain which includes manufacturers, retailers, brand owners, and consumers.
o Convenience trend is propelled by the highly influential and increasingly growing e-commerce sector. Expansion of organizing retail and propagation of online retails are up-scaling the growth of Indian flexible packaging market.
o Developments in barrier technology, light weighting, advanced bio-derived and biodegradable technologies has also strengthened the growth of the global flexible packaging market.
Flexible Packaging Market: Competitive Landscape
AEP Industries Inc., Amcor Limited, American Packaging Corporation, Ampac Holdings, LLC, Bemis Company, Inc., Berry Global, Inc, Clondalkin Group Holdings BV, Constantia Flexibles International GmbH, Coveris Holdings S.A. and Huhtam ki Oyj are some of the key players which are majorly operating in the flexible packaging market and holding majority shares.
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What can you expect from the report?
The flexible packaging market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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