ReportsnReports Industry Research has actively included a new research study titled “Flexible Packaging Market” Insights, Forecast to 2024 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until the forecast period limit; 2024. In addition, a deep analysis of the competitive landscape, including prime market players is also enclosed in this report.
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Key Questions Answered in this Report
- What is the global market for Flexible Packaging from 2017 to 2024?
- What is the global market for Flexible Packaging by geography, through 2024?
- What is the global market for Flexible Packaging by indication, through 2024?
- What disruptive technology is advancing the overall Flexible Packaging market?
- What types of tires are currently being performed by stakeholders and major players?
- What are the strengths, weaknesses, opportunities, and threats to the market?
- Which geographic markets are dominating the space?
- What are the main driving forces of this space?
- What are the main restraints of the Flexible Packaging industry as a whole?
The dominant market players in the Flexible Packaging industry are Air, Amcor, Winpak, Bemis, Coveris, Constantia Flexibles, Huhtamaki, Sealed, Dai Nippon Printing, and Clondalkin. The competitive rivalry is high leading to the research and developments and advancements in the Flexible Packaging industry.
Flexible Packaging Market – Key Findings:
The global market for Flexible Packaging material is projected to grow at an approximate CAGR of 4.5% during the forecast period of 2017-2024. The usage of Flexible Packaging material in the food and beverage industry will lead to the significant market growth due to key features like easy to dispose of and the requirement of fewer raw materials.
Flexible Packaging – Key Insights:
The Flexible Packaging market is segmented on the basis of Raw materials, Application, and Geography. The market by Raw materials is segmented into Paper, Plastic, Bioplastic and Aluminum Foil. The Application market is segmented into Food & Beverage, Cosmetics, Pharmaceutical, and Others. The market on the basis of geography is segmented into Asia-Pacific, Europe, North America, Latin America and the Middle East and Africa.
An upsurge in packaged foods demand and cosmetic industry growth are prime factors leading to the growth of the flexible packaging market. The swift growth of the global pharmaceutical industry cut down of carbon footprint and preference of packaging over rigid packaging materials are the major market drivers. To protect food from degradation and increase food products shelf life, Flexible packaging is used. The innovation processing techniques to extend the shelf life of the food products is the key opportunity for market growth. The changing lifestyles of the consumers and the upswing in demand for environment-friendly packaging will lead to a rise in the demand for flexible packaging for six to seven years.
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Flexible Packaging Market Regional Insights:
Asia-Pacific accounts for the largest market share for Flexible Packaging. The expansion in the demand for packaged food and disposable income of the consumers are the factors driving the regional markets. Europe is the second largest market for flexible packaging. The increase in the research and development in the pharmaceutical industry leads to the demand for Flexible Packaging materials laterally driving market growth.
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