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The global flexible packaging market is expected to rise to a valuation of USD 397.44 billion by 2025, according to the latest report from Market Research Future (MRFR). The global flexible packaging market is mainly driven by the growing demand for flexible packaging from the food and beverage, pharmaceuticals, personal care products, and other consumer-centric fields.
Competitive Analysis:
Leading players in the global flexible packaging market include CLONDALKIN Group, Reynolds, Berry Global Inc., Constantia, Mondi, Huhtamaki Group, Coveris, Sonoco Products Company, Sealed Air, and Amcor Ltd.
Segmentation:
The global flexible packaging market has been segmented based on material, product type, printing technology, application, and region.
On the basis of product type, the global flexible packaging market has been segmented into pouches, bags, wraps, and others. The pouches segment is likely to dominate the global flexible packaging market over the forecast period.
On the basis of printing technology, the global flexible packaging market has been segmented into flexography, digital printing, and others.
On the basis of application, the global flexible packaging market is segmented into food & beverage, pharmaceutical, personal care, and others.
Regional Analysis:
The growing pharmaceutical and food and beverage industries in Asia Pacific are also likely to be a major driver for the flexible packaging market in the region over the forecast period. The growing demand for packaged food is likely to be a key driver for flexible packaging, as consumers in urban centers in Asia Pacific have become major revenue generators for the food and beverage industry, necessitating flexible packaging to package and carry fresh food and beverages.
North America is also likely to exhibit steady growth in the global flexible packaging market due to the growing demand from pharmaceuticals, food and beverage, and other industries. The pharmaceuticals industry is a major consumer of flexible packaging in North America, as the growing prevalence of lifestyle diseases in the region has led to a growing demand from the pharmaceuticals sector.
Read More :
http://www.briefingwire.com/pr/biodegradable-mulch-films-market-global-trends-and-forecast-to-2022
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