Flexible Packaging Market

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2. FLEXIBLE PACKAGING MARKET ANALYSIS Flexible Packaging Market, By Product Type (Stand-up Pouches, Vacuum Pouches, Retort Pouches, Converted Roll Stock, Gusseted Bags, Wicketed Bags, Laminated Tubes, Squeezable Bottles, Others), By Material Type (Polymer (Polyethylene (LDPE, HDPE, LLDPE), Polypropylene, BOPP, Cast polypropylene, BOPET, Polyamide, Poly Vinyl Chloride, Ethylene Vinyl Alcohol, Poly Styrene), Paper, Aluminum, Cellulosic), By Application (Consumer Goods (Food & Beverages (Dairy Products, Bakery & Confectionery, Ready-to-Eat Food Products, Frozen & Chilled Food, Tea, Others), Personal Care, Pharmaceuticals, Tobacco, Others), Industrial and Institutional), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Market Overview The global flexible packaging market is projected to surpass US$ 400 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.4% during the forecast period (2019 to 2027). Market Dynamics Drivers The rising demand for flexible packaging in the primary packaging of the product is expected to accelerate market growth. The prime function of primary packaging is to protect the product from any damage and contamination. Flexible packaging has all sorts of properties that exactly meet with the primary packaging such as lightweight, low contamination, high barrier, and keeps the product completely sealed off from the environment. Thus, flexible packaging across primary packaging is expected to augment the market growth.

4. Figure 1. Global Flexible Packaging Market, Revenue Share (%), By Regions, 2018

5. Market Dynamics Restraints Fluctuating prices of raw materials used in the manufacturing of flexible packaging are expected to hinder the market growth over the forecast period. Unstable prices of crude oil due to various economical factor directly impact the overall price and production of raw materials. Plastic is a key ingredient used to manufacture flexible packaging.

6. Market Opportunities • Demand for halal-certified conveyor belts can present lucrative growth opportunities • Growing expenditure construction industry can pose major business opportunities

7. Figure 2. Global Flexible Packaging Market – Opportunity Analysis

8. Market Trends The shift in trend from two- and three-layered films to seven- and nine-layered films due to its advantages such as extended shelf with fewer chances of contamination is expected to augment the market growth of flexible packaging film. For instance, in August 2015, Clondalkin Flexible Packaging Wentus announced the introduction of a new seven-layer barrier film under the brand name WENTOPRO for dry food products. The new film offers a high barrier against moisture and mineral oil saturated hydrocarbons (MOSH) and mineral oil aromatic hydrocarbons (MOAH).

9. Figure 3. Global Flexible Packaging Market, Revenue Share (%), By Material Type, in 2018

10. Figure 4. Global Flexible Packaging Market – Value Chain Analysis

11. Competitive Section • Key players operating in the global flexible packaging market are Amcor Limited, Bemis Company, Sealed Air Corporation, Berry Plastics Group, Inc., Mondi Group, Sonoco Products Co., HuhtamäkiOyj, Constantia Flexibles Gmbh, Ampac Holdings, Llc, Bischof + KleinInternational, Wipak Group, AR Packaging, Goglio Group, Schur Flexibles, Clondalkin Group, Flair Flexible Packaging Solution Cellpack Packaging, and SüdpackVerpackungen

12. Few Recent Developments Bemis Company Inc. In March 2019, Bemis Company Inc. has been honored with the Highest Achievement Award and six additional gold and silver awards by the Flexible Packaging Association (FPA) for three products. This includes Molson Coors 12 Pack Cooler Bag featuring portable convenience, ConAgra Slim Jim Premium Smoked Sticks featuring textured film technology, and JBS-Swift Printed Ovenable Meat Packaging (OvenRite) featuring oven-safe technology. Sealed Air Corporation In February 2019, Sealed Air acquired flexible packaging producer MGM to expand its business in the Asia Pacific market. MGM specializes in printing and laminating, and provides flexible food packaging materials for consumer packaged goods markets in Southeast Asia as well as companies in Australia, Brunei Darussalam, and New Zealand.

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