Flexible packaging is projected to grow from USD 97.97 Billion in 2016 to USD 125.66 Billion by 2021, at an estimated CAGR of 5.11%. The demand for flexible packaging is increasing from various end user industries such as food & beverages, cosmetics & toiletries, healthcare, and others (oil & lubricants, electronic goods, agricultural products, and sporting goods).
Complete report on Flexible packaging Market spread across 229 Pages, Profiling 10 Companies and Supported with 165 Tables and 40 Figures is now available at http://www.reportsnreports.com/reports/270112-flexible-packaging-market-by-end-use-food-beverage-personal-care-pharmaceutical-material-polypropylene-bopp-cpp-polyethylene-evoh-pa-bopet-pvc-aluminum-paper-cellulosic-global-trends-forecast-to-2018.html .
The flexible packaging market is segmented on the basis of material, pack type, printing technology, application, and region. On the basis of material, the plastic films segment accounted for the largest market share in 2015, and is projected to grow at the highest rate during the forecast period, in terms of both volume and value. This is primarily because of their high quality, low cost, and excellent barrier properties.
The retort pouches segment is projected to grow at the highest rate during the forecast period owing to its high barrier properties against oxygen and moisture. In this type of packaging, the food is thermally processed in order to increase the shelf life. The stand up pouches segment is estimated to account for largest market share in 2021. Flexography is the most widely used printing technology among other technologies; in 2015, this segment accounted for the largest share, in terms of both, volume and value. The digital printing technology segment is projected to grow at the highest rate by 2021. Digital printing is much cheaper than other technologies and provides a wide range of printing options.
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On the basis of application, the flexible packaging market is segmented into food & beverages, cosmetics & toiletries, healthcare, and others (household products, oil & lubricants, agricultural products, and sporting goods). The food & beverages segment accounted for the largest market share in 2015, and is projected to grow at the highest rate from 2016 to 2021. Changing consumer lifestyles and the growing consumption of food & beverage products will drive the flexible packaging market.
The global flexible packaging market is segmented, region-wise, into North America, Europe, Asia-Pacific, and RoW. The Asia-Pacific region is projected to grow at the highest rate from 2016 to 2021.
Companies adopted these strategies to increase their geographical reach and strengthen their product portfolios and were largely adopted by the leading flexible packaging products manufacturing companies. Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Constantia Flexibles Group GmbH (Austria), Huhtamaki Group (Finland), and Sonoco Products Company (U.S.) are some of the leading key players that adopted these strategies.
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There are certain factors prevailing in the market that hinder the growth of this industry. Stringent government regulations may inhibit the growth of the market, and recyclability of the packaging material could be a major challenge. The rising economy and the rapid growth in the food & beverage and healthcare sectors of the Asia-Pacific region have significantly impacted the growth of the flexible packaging market.
Mergers & acquisitions accounted for 59% of the total strategic growth developments adopted by key players in the flexible packaging market from 2011 to 2015.
On related note another research titled with “Antimicrobial Packaging Market” size is estimated to grow from USD 7.28 billion in 2015 to USD 10.00 billion by 2021, at a CAGR of 5.54%. The antimicrobial packaging market is driven by factors such as rising concerns toward food wastage and growing consumer awareness about health-related issues is available at http://www.reportsnreports.com/reports/540316-antimicrobial-packaging-market-by-base-material-plastics-biopolymer-paperboard-others-antimicrobial-agents-organic-acid-bacteriocins-others-technology-controlled-release-active-pack-type-bags-pouches-others-application-forecast-to-2021.html
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