Meticulous Research ® –leading global market research company published a research report titled “Flexible Packaging Market by Material (Plastics, Paper, Aluminum Foil, Bioplastics), Design (Stand-Up Pouch, Spouted Pouch, Gusseted Bags, Rollstocks, Blister, Wrap) – Global Forecast to 2023”.





According to this latest publication from Meticulous Research®, the global flexible packaging market is expected to grow at a CAGR of 3.7% from 2018 to 2023 to reach USD 243.7 billion by 2023, driven by factors such as downgauging of plastic films, shift from traditional rigid packaging to flexible packaging, easy transportation and storage along with sustainable properties, increasing consumer focus on convenience and sustainability, and improving barrier properties. Furthermore, factors such as growing adoption of specialty films in the packaging industry, the proliferation of bio-based plastic films, emerging markets, falling crude oil prices, and a shift in food service from frozen to map packaged products offer significant growth opportunities for the market players during the forecast period.





The global flexible packaging market study presents historical market data in terms of value (2016 and 2017), estimated current data (2018) and forecasts for 2023 – by material (plastics, paper, aluminum foil, bioplastics, and recycled cellulose fiber), design (pouches, bags and trays, rollstocks, squeezable bottles, blisters, and wraps), and industry verticals (food and beverages, pharmaceuticals, household and personal care, tobacco products, industrial and chemical products, and oil and lubricants). The study also evaluates industry competitors and analyzes the market at regional and country level.

The plastic packaging material is being widely adopted owing to its distinctive attributes such as flexibility, sustainability, and light weight. In addition, this material is highly economical and can be used by all industries irrespective of their scale of operations, and is easy to reuse and recycle. The plastics held a significant share in 2017; however, paper and aluminum foil are set to be the emerging and rapidly growing materials in the forecast period.





The polyethylene plastic comprised the major market share in 2017 owing to its flexibility, good-low temperature performance, durability, high moisture barrier, and the ability to seal itself without coating which fuels their adoption in the packaging of consumer goods. Polypropylene is an integral part of the flexible packaging market. This segment is expected to witness the fastest growth mainly attributed to its usage in the packaging of food materials owing to its characteristics such as light weight, heat resistance; and a moderate barrier to moisture, gases, and odors which is not affected by changes in humidity. Furthermore, the strength and high melting point of polypropylene have made it the single most used plastic. Also, the high clarity of polypropylene provides transparency for the packaging of food materials.





This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy, Spain, and RoE), Asia-Pacific (Japan, China, India, Australia, and RoAPAC), Latin America, and the Middle East & Africa.





The global flexible packaging market is highly competitive and fragmented with the presence of several large well-established flexible plastic manufacturers in the market. Some of the key players contributing to the growth of the global flexible packaging market include Amcor Limited (Australia), Berry Plastics Inc. (U.S.), Constantia Flexibles Group GmbH (Austria), Bemis Company, Inc. (U.S.), Sonoco Products Company (U.S.), Mondi Group (Austria), Reynolds Group Holdings Limited (New Zealand), Clondalkin Group Holdings BV (The Netherlands), Huhtamaki Group (Finland), Coveris Holdings S.A. (Luxembourg), and Sealed Air Corporation (U.S.) among several others.



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