Flexible packaging market will reach an estimated valuation of USD 384.02 million by 2028, while registering this growth at a rate of 4.70% for the forecast period of 2021 to 2028. Flexible packaging market report analyses the growth, which is currently being growing due to the rapid growth in global pharmaceutical industry.
Flexible Packaging Market report serves the purpose of businesses of making improved decisions, deal with marketing of goods or services, and achieve better profitability by prioritizing market goals. Market segmentation studies conducted in this business report with respect to product type, applications, and geography are valuable in taking any verdict about the products. Keeping into the focus the customer requirement, this finest market research report is constructed with the professional and in-depth study of Flexible Packaging Market industry. With the use of up to date and established tools and techniques, complex market insights are organized in simpler version in the consistent Flexible Packaging Market report for a better understanding of end user.
An excellent Flexible Packaging Market research report provides data on patterns, improvements, target business sectors, materials, limits, and advancements. By thinking from the customer’s perspective, a team of researchers, forecasters, analysts and industry experts work carefully to formulate this market analysis report. Furthermore, it works to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. This gives more truthful understanding of the market landscape, issues that may affect the industry in the future, and how to best position specific brands. The comprehensive Flexible Packaging Market report helps to expand a successful marketing strategy for the business and acts as a backbone to the business.
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The demand for flexible packaging is growing faster than in many other forms. It includes trends like e-commerce, digital printing, and sustainability, which can drive market development and growth. Customers are increasingly eager to pay extra for specific product attributes boosted by flexible packaging. For instance, according to the Flexible Packaging Association, more than 60% of consumers in North America are keen to pay more for tangible and functional packaging benefits, such as product protection, shipping friendly, and supply chain efficacy, among others.
Key players around the world are using various tactics for increasing their business revenue and capture the market. They are doing mergers, collaborations, new ventures, launching new products, etc. Some companies such as Amcor, Berry Global Inc., Amron Limited are major key players.
The list of major key players in the flexible packaging industry–
CLONDALKIN Group (Netherlands)
Reynolds (New Zealand)
Berry Global Inc. (US)
Sealed Air Corporation (US)
Sonoco Products Company (US)
Mondi Group (Austria)
CONSTANTIA (Austria)
Amcor Limited (Australia)
HUHTAMAKI Group (Finland)
Coveris Holdings SA
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Key Market Segments
By Material
- Paperboard
- Plastic
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Others
- Aluminum Foil
- Others
By Packaging Type
- Stand-up Pouch
- Films
- Bag-in-box
- Others
By Packaging Type
- Food & Beverage
- Personal Care
- Pharmaceutical
- Household Care
- Industrial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Recent Developments
- In 2019, Amcor Company announced the opening of testing laboratories in Michigan (US) and Manchester (England). The expansion of the company is expected to attract customers to increase the revenue among food, beauty, pet food, personal care, etc.
- Smurfit Kappa in 2020 has launched its new product called “Bag-in-Box” which offers the best solution for keeping drinks fresh for more than 24 months. The products also remain fresh up to 8 weeks even after opening.
- LPS industries have recently announced its partnership with a company called Farnell Packaging Limited. This partnership is expected to increase their business portfolio by the production of plastics and paper materials for packaging in the US.
- In the year 2018, Amcor Limited announced its acquisition of a company called Bemis Corporation to increase its geographical foothold and future growth.
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