Flexible Plastic Packaging Market Demand, Industry Size, Top Players, Opportunities, Revenue And Regional Forecast To 2023
Summary
Global Flexible Plastic Packaging Market Segments, Size, Share, Future Scope, Analysis, By Type (Stand-Up Pouches, Flat Pouches, Gusseted, Bags and Others), By Printing Technology (Flexography, Digital Printing and Others), By Application (Food & Beverages, Pharmaceuticals, Personal Care and Others) and Region - Forecast 2017-2023
Overview
The surge in consumerism is a key factor fuelling the growth of the packaging industry. Reports that investigate the packaging and transport industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market possesses the potential to acquire USD 129 billion in earnings with a CAGR of 5.2% approximately by the end of the forecast period.
Key Players
The foremost contenders operating in the Flexible Plastic Packaging Market globally are
- Sealed Air Corporation (North Carolina)
- Constantia Flexibles Group GmbH (Austria)
- Amcor Limited (Victoria)
- Mondi Group (Johannesburg)
- Sonoco Products Company (U.S.)
- Huhtamaki Group (Finland)
- Coveris Holdings S.A. (U.S.)
- Bemis Company Inc. (U.S.)
- Ampac Holdings LLC (U.S.) to name a few.
Segmental Analysis
The segmental analysis of the Flexible Plastic Packaging Market is carried out on the basis of printing technologies, types, regions, and applications. On the basis of product type, the Flexible Plastic Packaging Market consists of gusseted, flat pouches, stand-up pouches, bags, and others. Based on the printing technology, Flexible Plastic Packaging Market has been segmented into digital printing, flexography, and others. Additionally, based on the applications the Flexible Plastic Packaging Market is segmented into pharmaceuticals, food & beverages, personal care, among other industries. Based on the regions, the Flexible Plastic Packaging Market comprises of Asia Pacific, Europe, North America and rest of the world.
Competitive Analysis
The monetary inflows in the market are being directed towards increasing the innovations in the core product offering offered in the market so that the growth doesn’t stagnate in the forthcoming period. The reduction in the barrier to trade is expected to offer new areas for growth in the upcoming years. Also, the competition being observed in the market is not detrimental to the individual player’s development in the market. The market has developed an incremental pace in the past few years, which is highlighted by the achievements in terms of valuation. The development of the resources needed to sustain against competition has improved greatly leading to an unprecedented growth rate. The intensification of investors in the market has played a pivotal role in the progress of the market. The governments around the world have also played a substantial role in the growth of the market in recent years.
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