Kathiawad Today

Global Flexible Plastic Packaging Market Set to Cross US$ 200.5 Billion by 2025, at a CAGR of 4.5%- Latest Report by MarketsandMarkets™

 Breaking News
  • No posts were found

Global Flexible Plastic Packaging Market Set to Cross US$ 200.5 Billion by 2025, at a CAGR of 4.5%- Latest Report by MarketsandMarkets™

September 13
19:40 2022
Global Flexible Plastic Packaging Market Set to Cross US$ 200.5 Billion by 2025, at a CAGR of 4.5%- Latest Report by MarketsandMarkets™
Browse 138 market data tables and 47 figures spread through 228 pages and in-depth TOC on “Flexible Plastic Packaging Market
Flexible Plastic Packaging Market by Type (Pouches, Rollstocks, Bags, Wraps), Material (Plastic & Aluminum Foil), Application (Food, Beverage, Pharma & Healthcare, Personal care & Cosmetics), Technology, and Region

The global flexible plastic packaging market size is projected to grow from USD 160.8 billion in 2020 to USD 200.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast year. According to the Flexible Packaging Association, “flexible packaging is any package or any part of a package whose shape can be readily changed.” Some of the most common examples of flexible packaging include bags, pouches, shrink films, tubes, sleeves, and carded packaging. It find application in  in numerous industries, such as food, beverages, pharma & healthcare, and Cosmetics industries. Flexible packaging is considered to be the most convenient and economical way to preserve, distribute, and package food items, beverages, pharmaceutical products and several consumables. In a way, flexible plastic packaging ensures a prolonged shelf life of the products that helps in efficient distribution and minimizing losses.

Get an Exclusive PDF Sample Copy of the Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1271  

The market for flexible plastic packaging is segmented, on the basis of type, into pouches, wraps, rollstock, bags, and others (include labels, sachets, and stick packs). Pouches segment is projected to dominate the market for flexible plastic packaging by 2025. The flexible plastic packaging market has witnessed a significant increase in the demand for pouches for the supply of medecines, vegitable, meat, and goods to the respective stores, retailers, pharmacies, and hospitals, during the COVID-19 pandemic. Furthermore, the increasing opportunities in e-commerce and offline retail sectors have resulted in accelerating demand for pouches in the flexible plastic packaging applications. 

On the basis of application, food segment is projected to be the largest segment in the flexible plastic packaging  market during the forecast period. The increase in exports of vegitables and meat from Southeast Asia and Europe is expected to boost the demand for flexible plastic packaging, by 2025. The fruits and meat distributors prefer flexible flexible plastic packaging to pack their products, due to their low cost and ability to offer longer shelf life to the product. In a way, flexible plastic packaging ensures a prolonged shelf life of the products that helps in efficient distribution and minimizing losses. 

The flexible plastic packaging market is studied for five regions, namely, North America, APAC, Europe, Middle East & Africa and South America. The APAC region accounted for the largest market share in 2019, in terms of both value and volume. Furthermore, the market for flexible plastic packaging in the APAC region is also projected to grow at the highest CAGR from 2020 to 2025, in terms of both value and volume.

Request Customized Report as Per Your Requirements at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1271 

The flexible plastic packaging market has thousands of companies which thrive in their domestic market. A few of the major players are, Berry Global Inc. (US), Sealed Air Corporation (US), Amcor (Australia), Sonoco (US), Mondi (Austria), Sealed Air Corporation (US), Coveris (Austeria), Clondalkin Group (The Netherlands), Transcontinental Inc. (Canada), and Constantia Flexibles (Austria). These players have adopted various growth strategies, such as acquisitions, expansions & investments, new product launch, and agreements to increase their market shares and enhance their product portfolios.

Expansions and investments accounted for the largest share of all the strategic developments that took place in the flexible plastic packaging market between 2016 and 2020. Key players such Coveris (Austeria),  Berry Global Inc. (US), Transcontinental Inc. (Canada), Constantia Flexibles (Austria),  Sonoco (US), Sealed Air Corporation (US),and Mondi (Austria) adopted these strategies to enhance their market presence and strengthen their manufacturing and distribution capabilities in the flexible plastic packaging market. 

Amcor (Australia) is a key manufacturer of flexible plastic packaging products & services, and it offers a range of flexible plastic packaging products. Amcor aims to provide innovative solutions that are eco-friendly and meet consumer expectations . The company caters to the food, healthcare, beverage, home, tobacco, and personal care industries through its broad range of flexible packaging products. The company through its strategic developments aims to strengthen its customer base and product offering globally. 

If You Want To Know More about Report Before Buying at https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1271  

Berry Global Inc. is one of the key manufacturers and suppliers of a range of rigid and flexible flexible plastic packaging products. Berry Global focuses on expanding its customer base in various regions by offering attractive products for flexible plastic packaging. The company emphasizes on delivering high-quality tailor-made solutions to its customers and on manufacturing products that are designed using the latest unique manufacturing technologies. The company adopts various strategic initiatives to expand and accelerate its market presence and strengthen its customer base across the world.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/flexible-packaging-market-1271.html

Categories