Global Flexible Plastic Packaging Market Overview And Prospects
Learn about the global flexible plastic packaging market through The Business Research Company, which provides information on flexible plastic packaging market size, flexible plastic packaging market drivers and restraints, flexible plastic packaging market players, the COVID-19 impact on the flexible plastic packaging market, and more.
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The global flexible plastic packaging market is expected to grow from $143.79 billion in 2020 to $151.92 billion in 2021 at a compound annual growth rate (CAGR) of 5.7%.The growth is due to the increasing e-commerce industry in emerging economies and the increasing demand from food and beverage industry. The flexible plastic packaging market is expected to reach $182.04 billion in 2025 at a CAGR of 4.6%.
The increasing consumption of processed and packaged food is expected to drive innovation in flexible plastic packaging manufacturing, thus driving the market during the forecast period.
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The flexible plastic packaging market consists of sales of flexible packaging by entities (organizations, sole traders, and partnerships) that manufacture flexible plastic packaging. Flexible packaging is economical and convenient way to package, preserve, and distribute food items, pharmaceuticals, cosmetic & personal care items, consumer storage and other consumables. Flexible plastic packaging involves various types of plastic material used for packaging different products such as snacks, beverages, vegetables, and others. Plastic materials used in flexible plastic packaging include polyethylene, polypropylene, polystyrene, and polyvinyl chloride among others.
Global flexible plastic packaging market segments include:
By Type: Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags, Wraps, Others
By Technology: Flexography, Rotogravure, Digital Printing, Others
By Application: Food, Beverage, Pharms & Health Care, Personal Care & Cosmetics, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the flexible plastic packaging market in 2020.
The launch of innovative packaging to attract more customers and expand the customer base of the company is a key trend in flexible plastic packaging. The companies operating in the flexible packaging market are focusing on manufacturing innovative and sustainable packaging solutions for end-users.
TBRC’s flexible plastic packaging market report covers:
Major Market Players: Constantia Flexibles, Amcor Limited, Berry Global Inc, Clondalkin Group Holdings BV, ProAmpac, Coveris, Bemis Company Inc, Bischof + Klein Se & Co Kg, Aluflexpack Ag, Cosmo Films Limited, C-P Flexible Packaging, Novolex – Carlyle Group, Swiss Pac, and Ultimate Packaging.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Flexible Plastic Packaging Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides flexible plastic packaging market overviews, analyzes and forecasts market size, share, flexible plastic packaging market players, flexible plastic packaging market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s flexible plastic packaging market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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