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Globally, Flexible Packaging Market Research is growing due to growing demand from food & beverages industry and innovation in packaging products. Factors driving Flexible Packaging Market Research are its light weight, recyclable characteristics and feasible for usage. Many manufacturing industries are shifting to flexible packaging as there is growing demand by consumers.
The market for global flexible packaging is segmented in mainly four segment namely, material, product, printing technology, and application. Market Segmentation by material includes – plastic, paper, aluminum, and others. Market categorization on basis of product includes pouches, bags, wraps, and others. On the basis of printing technology, it is segmented as flexography, digital printing, and others, Furthermore, on the basis of application the market of flexible packaging is segmented as food & beverages, pharmaceuticals, personal care, other industries. The global flexible packaging market research is expected to grow at 5.92% CAGR (2017-2023).
Key Players
The key players of global Flexible Packaging Market Research report includes Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Constantia Flexible Group GmbH (Austria), Huhtamaki Group (Finland), Clondalkin Group Holdings B.V. (The Netherlands), Coveris Holdings S.A. (U.S.), and Sonoco Products Company (U.S.).
Market Segmentation
By material, the global flexible packaging market has been segmented into plastic, paper, aluminum, and others.
By product, the flexible packaging market has been segmented into pouches, bags, wraps, and others. Among these, the pouches segment is likely to observe massive demand from end-user industries. The segment was valued at USD 85.45 Bn and has been anticipated to thrive at a relatively higher CAGR of 6.95% during the review period.
By technology, the global flexible packaging market has been segmented into flexography, digital printing, and others. The flexography segment is projected to emerge as the fastest growing segment reflecting a CAGR of 5.59% over the assessment period.
By application, the flexible packaging market has been segmented into food & beverage, pharmaceuticals, personal care, and others. Among these, the food & beverage segment is presumed to signify immense growth opportunities owing to the changing food pattern in the fast-developing economies such as China and India among others. The segment is likely to strike a CAGR of 6.12% during the forecast period.
Read More :
https://www.articletrunk.com/inventory-tags-market-size-global-trends-and-forecast-to-2022/
https://www.firmenpresse.de/pressrelease610064.html
https://pinpdf.com/electronic-goods-packaging-market-share-1be2e346e1e1018835fb503c894fc727.html
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