Embedded Files
The global flexible plastic packaging market size is predicted to increase rapidly over the forecast period. The adoption of flexible plastic packaging solutions for packaged food is increasing rapidly. A rise in export activities in the food & beverage industry is projected to fuel market growth in the coming years.
Get A Free Sample Research Report PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/flexible-plastic-packaging-market-108075
Major Players Profiled in the Report:
UFLEX Limited (India)
Amcor (Australia)
Transcontinental Inc. (Canada)
Berry Global, Inc. (U.S.)
Sonoco (U.S.)
Sealed Air Corporation (U.S.)
Mondi Group (U.K.)
Constantia Flexibles (Austria)
Winpak (Canada)
Rengo Co. Ltd. (Japan)
Segments:
By material, the market is categorized into polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC).
By product type, the market is classified into wraps, pouches, bags, rollstock, and others.
By end use, the market is divided into personal care, food & beverages, industrial packaging, pharmaceuticals, and others.
From the regional ground, the market is segmented into Asia Pacific, North America, Latin America, the Middle East & Africa, and Europe.
Report Coverage
The comprehensive market research report delves into crucial elements, including the competitive landscape, distribution channels, and notable product categories. The document provides valuable insights into prevailing market trends and significant industry advancements. It also encompasses various variables that have contributed to the recent market expansion. With a thorough examination of these factors, the report offers a holistic view of the market's current and future potential. Stakeholders can leverage this information to make informed decisions and formulate effective strategies for success.
Drivers and Restraints
Increased Need for Medical Products and Household Items to Propel Market Growth
Increased usage of flexible plastic packaging in the e-commerce industry amid COVID-19 and post-pandemic is driving market expansion. This rapid change bolstered the packaging and printing industry's business expansion and new prospects. Key producers are actively engaged in enhancing ecological and bio-based flexible plastic packaging materials to offer recyclable packaging solutions. The growing usage of flexible plastic packaging solutions over other materials for different consumer goods due to its longer shelf life and affordability and increased need for medical products and household necessities is fueling the flexible plastic packaging market share.
On the other hand, recyclability problems related to flexible packaging and volatility in raw material costs hamper market expansion.
Regional Insights
Asia Pacific Takes the Lead in the Market Due to Growth in Population and Rapid Urbanization
Asia Pacific takes center stage in the global market. An increase in population, rapid urbanization, and rising disposable income are driving the demand for packaging solutions in the region. Increased usage of flexible plastic packaging in food & beverage, personal care & cosmetic, and pharmaceutical industries owing to its affordability is propelling market expansion in the region.
The market in North America is expected to rise steadily over the projected period. The rapid adoption of suitable and easy-to-use packaging solutions and rapid expansion of the e-commerce and online food industry is fostering market expansion in the region.
Competitive Landscape
Top Players Offer Sustainable Packaging Solutions to Boost their Product Offerings
The market is highly competitive and involves several international and regional players. Leading players are introducing sustainable packaging solutions to increase their product offerings. They undergo several acquisitions to develop recyclable packaging solutions to decrease plastic waste.
Key Industry Developments
November 2022: TC Transcontinental Packaging introduced an eco-friendly packaging solution for personal care. The business boosted its portfolio with ecological and flexible packaging solutions for personal care items with vieVERTe recycle-ready packaging.
Browse Detailed Research Report PDF: https://www.fortunebusinessinsights.com/flexible-plastic-packaging-market-108075
Page updated
Google Sites
Report abuse