Flexible Packaging Market analysis research and trends report for 2019 - 2024

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Flexible Packaging Market Growth Outlook with
Industry Review and Forecast 2019-2024
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Global Market Scenario of Flexible Packaging
Industry

• Increase in consumer spending on ready to eat and
  disposable products will drive Flexible Packaging
  Market demand. Strong outlook in healthcare,
  household, food beverages, cosmetics
  toiletries, sports and agricultural products will
  create lucrative opportunities for the industry
  growth.
• Shifting manufacturers preference towards
  flexible packaging due to low raw material usage,
  waste reduction and cost-effective properties.
• Moreover, low storage space and transportation
  costs will propel the Flexible Packaging Market
  growth.
• Improved barrier properties in thin elastic
  material along with advancement in high speed
  filling equipment will fuel the product demand.
  Fluctuating polymer and aluminium prices may
  hinder the industry growth.
• Moreover, stringent government regulations on
  recyclability of the materials may hamper the
  flexible packaging market.

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• Polymer is the dominating material accounting for
  over 70 of total industry share. Cost
  effectiveness and durability are the key factors
  driving the product development. Stringent
  government regulations to use eco-friendly
  products and reduce CO2 emission may restrain the
  product demand.
• Flexible packaging market share is led by food
  beverages accounting for more than 50 in 2015.
  Changing lifestyle and eating habits of customers
  owing to hectic schedule has enhanced the demand
  for processed and packaged food in several
  regions. Healthcare will witness significant
  gains in the forecast period, due to rising
  health consciousness and increase in disposable
  incomes.
• Pillow pouches are expected to witness notable
  gains in the forecast period because of
  increasing consumption in food beverages
  industry. Start-up pouches and pillow pouches are
  both widely used packing product. High
  seal-ability, barrier against oxygen moisture
  coupled with low cost and ease in transportation
  will influence the flexible packaging market.

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360 Industry Analysis

• The U.S. flexible packaging market revenue was
  valued around USD 30 billion in 2015. Upsurge in
  demand for bakery products and confectioneries
  among consumers will support the product demand.
  Europe, dominated by Germany and Russia is
  anticipated to grow at about 3.5 by 2024. Rising
  demand for processed food and cosmetics will
  stimulate the demand.
• Asia-Pacific is the fastest growing market and
  was valued over USD 35 billion in 2015. Improving
  purchasing power and economic conditions in India
  and China will support the flexible packaging
  market growth. Increased product consumption in
  pharmaceuticals, cosmetics, food beverages
  industry will propel the industry growth.
  Expansion in e-commerce industry will positively
  influence the revenue growth in this region.
•  

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• Competitive Analysis
• Key players in the market includeSonoco Products,
  Huhtamaki Group, Bemis, Constantia and Amcor
  Several other participants are Sealed Air Corp,
  Mondi Group, Ampac Holdings, Ukrplastic and Wipak
  Group.

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