Bizizz Market Research has recently published a research report, “Flexible Packaging Market By End-users (Food and Beverage industry, Healthcare, Pharmaceutical industry and Personal Care, and Others), Product type (Pillow Pouches, Four Side Seal Pouches, Stand Up Pouches and Others), Materials (Polymer, Paper, Aluminum, Cellulosic, and Flexible Foam), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Flexible Packaging Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 250 Bn by 2027, witnessing a CAGR of 4.1 % during the forecast period. Key drivers of the market are its increase in demand by various industries because of light weight and other features are propelling flexible packaging market demand.
The global demand for Flexible Packaging is driven by a rise in the need for packaging solutions by various industries including healthcare, food & beverages, personal care and others. Flexible packages are light in weight, easy to handle and produced in various capacities. Moreover, using flexible packaging could enhance the shelf life of product and to ensure food safety. Moreover, the ripping of banana gets slower if wrapped in flexible packaging pouches. Flexible Packaging is anticipated to exhibit growth in the market contributing to the advantages including easy usage; reseal ability, low wastage and environmental friendliness.
The Flexible Packaging market is anticipated to register a CAGR of over 4.1% during the forecast period.
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By Product, standup pouches segment held a key share in Global Flexible Packaging Market in 2018.
Stand up pouches exhibited a significant market share of xx% in 2018, and is anticipated to remain its position in the forecast period. Stand up pouches contribute highly in food and beverage industry. They are 100% recyclable and manufactured from FDA approved food grade raw materials. Its usage in the food industry is rising substantially as they keep offerings fresh and free from contaminants and UV light. Stand up pouches are mostly available in different sizes and cater to various features including zip-lock, durability, puncture resistance, reseal-able closure and others. Stand up pouches had estimated for revenue of about 20 Bn in 2018 and could expand at a high CAGR during forecast period.
Asia Pacific is anticipated to dominate the Global Flexible Packaging Market during the Forecast Period.
In Asia Pacific region the main countries including India and China are exhibiting higher consumption in 2018 of approximately more than 500 Bn units of flexible packaging. Vital players in Asia pacific region are increasingly investing for innovative technologies that could improve the manufacturing capability of flexible packages, therefore propelling its growth during the forecast period. Tough regulations in regards to packaging of offering in plastic materials especially in North America and Europe region are anticipated to cater to the growth of flexible packaging during forecast period.
Global Flexible Packaging market was highly fragmented among the number of local and global players. The manufacturers are considerably investing in improving the market demand by innovative offerings to cater the market demand.
Prominent players operating in the Global Flexible Packaging Market are Amcor Limited, Berry Plastics Corporation, Sealed Air Corporation, Bemis Company Inc., Mondi Group, Sonoco Products Company, Flair Flexible Packaging Solution, Clondalkin Group, Cellpack Packaging, ExxonMobil, Ampac Holdings, Coveris Holdings S.A, ACTEGA GmbH, Huhtamaki Group and Schur Flexibles., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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