1 / 2

Global Flexible Packaging Market to Exhibit 4.66% CAGR by 2028

The Global Flexible Packaging Market is expected to witness growth with a CAGR of 4.66% during the forecast period 2022 to 2028. Request Free Sample Report.

tritonmarketresearch
Download Presentation

Global Flexible Packaging Market to Exhibit 4.66% CAGR by 2028

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Flexible Packaging Market to Exhibit 4.66% CAGR by 2028 TritonMarketResearchpresentstheGlobal Flexible Packaging MarketsegmentedbyRawMaterial(Paper,Bioplastic,Aluminum,Plastic),Application(Food&Beverage,Pharmaceuticals,Cosmetics,Others),Type(Stand-UpPouches,FlatPouches,Rollstock,GussetedBags,WicketedBags,Wraps),PrintingTechnology(Flexography,Rotogravure,DigitalPrinting,Others),andGeography(NorthAmerica,LatinAmerica,Europe,Asia-Pacific,andMiddleEastandAfrica). ItfurtherdiscussestheMarketSummary,IndustryOutlook,ImpactofCOVID-19,KeyInsights,Porter’sFiveForcesModel,MarketAttractivenessIndex,VendorScorecard,IndustryComponents,KeyMarketStrategies,Drivers,Challenges,Opportunities,CompetitiveLandscape,ResearchMethodology&Scope,GlobalMarketSize,Forecasts&Analysis(2022-2028). TritonMarketResearch’sreportstatesthattheglobalmarketforflexiblepackagingwillexpandwitha4.66%ofCAGRduringtheforecastedperiodof2022to2028.Intermsofvolume,themarketisexpectedtoprogressataCAGRof4.01%by2028. Requestfreesample: https://www.tritonmarketresearch.com/reports/flexible-packaging-market#request-free-sample Flexiblepackagingistheleast-expensivematerialthatcomeswithgreatdurabilityandensuresproductprotection.Theseareanidealsolutionforbusinesseslookingforeco-friendlyandcustomizedpackagesthatsuittheproduct,brand,andotherneeds.Moreover,theshifttoa

  2. greenenvironmenthasinfluencedindustriestoadoptconvenientandenvironment-friendlypackaging.Besides,therisingtrendofportableproductssuchasfood,beverages,pharmaceuticals,etc.,hassignificantlyboostedthedemandforflexiblepackaging.Thegrowingurbanizationhasalsoincreasedconsumers’ focusonconvenienceinpackaging,allowingmanufacturerstoprovideinnovationinpackagingoptions.Hence,thesefactorsaredrivingthemarket’sgrowth. However,thecostofoperationshasconstantlyincreasedovertheyears.Thematerialsaccountfor60%ofthetotalexpenses,followedbylabor,manufacturing,andmarketingcosts.Therefore,manufacturersareincreasingproductcoststoovercomethepriceriseofmaterials,especiallyaluminum,plastic,andresin.Suchanincreaseinoperationalcostsisrestrainingthegrowthoftheflexiblepackagingmarket. TheAsia-Pacificholdsthelargestmarketforflexiblepackagingandisexpectedtobolsterovertheforthcomingyears.Theupsurgeinthemarketisattributedtotherisingpackagedfoodmarket,growingplasticproduction,andprivateinvestmentsinflexiblepackaging.Moreover,duetotheavailabilityoflow-costlaborandincreasingdomesticdemand,theregionalmanufacturersarefocusingoninvestments,expansions,acquisitions,andnewproductlaunchestoexpandtheirmarketshare.Thus,thesedevelopmentsareexpectedtoaugmentthegrowthoftheflexiblepackagingmarket. ThekeycompaniesprofiledintheflexiblepackagingmarketareBryceCorporation,TCLPackaging,TakigawaCorporation,KMPackagingServicesLtd,OkuraIndustrial,AmericanPackagingCorporation,CoverisManagementGmbH,SolvaySA,SealedAirCorporation,KohjinFilm&ChemicalsCoLtd,MitsuiBussanPackagingCoLtd,Bischof+KleinSE&CoKG,EPAC,RengoCoLtd,MichelmanJapanLLC,FlairFlexiblePackagingCorporation,DaiNipponPrintingCoLtd,HosokawaYokoCoLtd,Amerplast,AmcorLtd,MondiGroup,KorpackCorporation,AsahiKasei,andHandooPackageCoLtd. Themarketshowsahighdegreeofcompetitionduetoalargenumberofmanufacturersprovidingproductdifferentiation.Suchmanufacturersintroduceapplication-specificproductsalongwithtechnologicalinnovationinproductdesignandrawmaterials,thusincreasingthecompetitiverivalry. ContactUs: sales@tritonmarketresearch.comPhone:+447441911839

More Related