Market Overview:
In various industrial sectors, flexible packaging market share plays a primary role in securing the contents of packages. As per the report that has been published by Market Research Future (MRFR), the global flexible plastic packaging market is anticipated to expand moderately at a CAGR of 5.2% during the forecast period of 2017-2023.
Market Drivers and Restraints:
The flexible packaging marke is currently the fastest growing packaging type in the global market. Extensive utilization of this packaging in various industrial sectors is fuelling the growth of the global flexible plastic packaging market. Flexible plastic packaging offers improved packaging designs, use of recyclable materials and increases the shelf life of products.
flexible packaging market is utilized extensively in food and beverages industry. Various food and beverage products are packed using this packaging such as coffee, tea, frozen food, baked goods, chocolates, confectionery, snacks and others. Increasing consumption of these food and beverage products is inducing high demand for flexible plastic packaging in the global market, which in turn is resulting in the expansion of the global flexible plastic packaging market
Spiraling demand for flexible plastic packaging in pharmaceutical, cosmetic and other industries is also propelling the growth of the global flexible plastic packaging market. Increasing availability of recyclable packaging materials owing to the rising environmental concerns is impacting positively on the expansion of the global flexible plastic packaging market. However, strict regulatory framework for environmental protection and increasing concern regarding plastic waste are likely to restrain the growth of the global flexible plastic packaging market during the forecast period.
Market Segmentation:
The global flexible packaging market trends has been segmented on the basis of type, printing technology and application. Based on type, the flexible plastic packaging market has been segmented into stand-up pouches, flat pouches, gusseted, bags and others. The stand-up pouches segment is anticipated to account for the largest market share during the forecast period due to growing consumption of dairy products, cosmetics, food & beverages and personal care products that are usually packed using flexible plastic packaging.
Based on printing technology, the flexible plastic packaging market has been segmented into flexography, digital printing and others. Based on application, the flexible plastic packaging market has been segmented into food and beverages, pharmaceutical, personal care and others.
Regional Analysis:
Geographically, the global flexible plastic packaging market has been segmented into North America, Europe, Asia Pacific and the rest of the world. The Asia Pacific region is projecting dominance over the global flexible plastic packaging market owing to the increasing utilization of plastic packaging for various goods that are being exported from the emerging economies like India, China and Japan and high demand for good quality food packaging in this region. Growing demand for flexible plastic packaging in rapidly expanding food and beverages, pharmaceutical and other industries is fuelling the growth of the flexible plastic packaging market in the North America and Europe regions.
Industry Updates:
In September 2018, Amcor has announced that it will invest more than $25 Mn to expand and upgrade an existing facility in Madison, Wisconsin.
In September 2018, Mondi and Werner & Mertz have announced that they will be introducing new, patented fully recyclable pouches with detachable decorative panels in the year 2019.
Key Players:
The leading players that are profiled by MRFR in the report on the global flexible plastic packaging are Amcor Limited(Victoria), Constantia Flexibles Group GmbH (Austria), Mondi Group (Johannesburg), Sealed Air Corporation (North Carolina), Sonoco Products Company (the U.S.), Coveris Holdings S.A. (the U.S.), Huhtamaki Group (Finland), Bemis Company Inc. (the U.S.) and Ampac Holdings LLC (the U.S.).
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/heating-ventilation-air-conditioning-market-801
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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