Global Flexible Plastic Packaging Market is Expected to Generate Huge Profits by 2022
The report [215 pages] "Flexible Plastic Packaging Market by Type (Stand-Up Pouches, Flat Pouches, Gusseted Bags, Wicketed Bags, Wraps, Rollstock), Material (Plastic Films, Paper, Aluminum Foil, Bioplastics), Printing Technology, Application, and Region - Global Forecast to 2022", is projected to grow from USD 102.19 Billion in 2017 to reach USD 131.65 Billion by 2022, at a CAGR of 5.2%. The global flexible plastic packaging market is witnessing a growth in demand, owing to the rise in manufacturing activities and growth in the demand for conveniently packaged products. The growth in the demand from the food & beverage industry also provides an opportunity for market growth, especially in the emerging Asia-Pacific and South American regions.
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Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Macro Economic Overview
8 Flexible Plastic Packaging Market, By Type
9 Flexible Plastic Packaging Market, By Material
10 Flexible Plastic Packaging Market, By Printing Technology
11 Flexible Plastic Packaging Market, By Application
12 Flexible Plastic Packaging Market, By Region
13 Competitive Landscape
14 Company Profiles
15 Appendix
Under the application, the food & beverages sector is projected to grow at the highest rate due to the high demand for food & beverages packaging as it offers durability, product protection, and extends the shelf life of the product. Flexible plastic packaging for food & beverage products reduces the possibility of product contamination. It also protects products from moisture, gas, light, and temperature.
https://www.prnewswire.com/news-releases/flexible-plastic-packaging-market-worth-13165-billion-usd-by-2022-623166254.html
The market ecosystem involves various stakeholders in the flexible plastic packaging market. It starts with the raw material suppliers such as Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Constantia Flexibles Group GmbH (Austria), Sealed Air Corporation (U.S.), and Huhtamäki Oyj (Finland), that are the manufacturing companies of the flexible plastic packaging. The next level in the chain involves the assembly team that is monitored by the manufacturers such as Coveris Holdings S.A. (U.S.), Sonoco Products Company (U.S.), Berry Plastics Group, Inc. (U.S.), Mondi Group (Austria), Reynolds Group Holdings (New Zealand), and Reynolds Group Holdings (Netherlands).
In 2016, the Asia-Pacific region accounted for the largest share in the total market for flexible plastic packaging, in terms of value, followed by North America and Europe, owing to manufacturers’ focus on developing low-cost flexible plastic packaging options. The Asia-Pacific region is projected to register the highest growth during the forecast period; this is attributed to the large customer base for FMCG products and consumer durables, due to the growth in population in countries of this region; this, in turn, is expected to lead to the growth of the flexible plastic packaging market.
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