Flexible Packaging Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

Flexible Packaging Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : February, 2020 | Chemical & Materials | PPT format

Report Digest


Global Flexible Packaging Market: Snapshot

Flexible packaging products are made by flexible or easy yielding materials and are used for storage and transportation of goods. These products could be closed or sealed when filled product to be stored and could change their shapes. These are made by plastic film, paper, foil or combination of these, based on the material stored and material to be transported. Flexible packaging is embraced by various industries owing to its light weight, convenience, appealing appearance, less wastage, easy transportation, and excellent storage properties. Furthermore, it makes packaging convenient and easy with features such as zip locks, re-sealable seals, and spouts.

Flexible packaging offers beneficial properties such as it acts as a barrier against moisture, appropriate sealing, and heat insulation, which increased the demand for flexible packaging all around the world. Manufacturers are preferring flexible packaging over other types of packaging owing to its vital practicability, as it requires less storage space, enhances easy transportation, and controls employment of crude materials leading a lower generation of waste.

Advantages of aluminum foil, film, and paper, lower costs and lower material consumption and technological advancements are the factors that are motivating manufacturers to the shift from rigid packaging to flexible packaging. Market for flexible printing is fragmented owing to the presence of numerous small and big vendors. With the growth of pharmaceutical and food and beverage industries in Asia Pacific, this region is expected to exhibit high demand for flexible packaging. Furthermore, ongoing research and development in the field of this type of packaging is anticipated to create new opportunities for this market to grow.

Global Flexible Packaging Market: Overview

Flexible packaging is a reusable product holding a top position in the packaging market. It makes packaging easy and convenient with features such as spouts, re-sealable seals, and zip locks. It can readily change its shape when filled. The packaging product finds a large acceptance worldwide because of its excellent storage properties, easy transportation, less wastage, appealing appearance, convenience, and light weight. Industries such as FMCG, frozen food, and confectionery incorporate numerous applications of flexible packaging. Some of the frequently used materials in the flexible packaging market are aluminum, paper, and polymer.

Global Flexible Packaging Market: Key Trends

Flexible packaging offers highly beneficial properties such as heat insulation, appropriate sealing, and barrier against moisture, which are deemed to have stimulated the demand in the world market. Manufacturers, commonly, are swiftly incorporating flexible packaging, owing to its vital practicability with regard to easy transportation, less storage space required, and controlled employment of crude materials facilitating a lower amount of waste.

The growth in the global flexible packaging market is prognosticated to be propelled by the ease of use and lightweight characteristic of convenient packaging, which is gaining traction in the recent time. The development of innovative thin elastic material, enhancing barrier properties, and leap in the technological advancement of flexible packaging are other factors receiving high focus in the world market.

Global Flexible Packaging Market: Market Potential

Mergers between large stalwarts of the world flexible packaging market are expected to become a common scenario on account of a stronger appetite witnessed for colossal turnovers and high performance production equipment. Giant companies CPS Flexible Ltd. and Mercury Packaging have announced their merger recently, which aims to step up production efficiencies and elevate capacity levels. The newfangled British Retail Consortium (BRC) accredited company has security, retail, publishing, and food markets marked on its target map. It is estimated that the new business could register a 25.0% projected growth and close to a £16.0 million annual yield.

Global Flexible Packaging Market: Regional Outlook

Some of the profit-making aspects of growth of the Asia Pacific flexible packaging market could be the expansion of pharmaceutical and food and beverage sectors and economic development of countries such as China and India. The business surge in Argentina and Brazil is anticipated to be due to the enlargement of the e-commerce sector and rise in consumer affordability. Latin America is also predicted to show signs of growth.

A significant percentage of gain is envisaged to be on the part of the demand in the U.S. flexible packaging market. The growth in demand could depend on the elevating usage of standup pouches and increasing retail business. The technological sophistication of barrier materials and applications of flexible packaging in the medical, diary, and confectionery sectors are foretold to raise the bar for growth in the U.S. region.

The regional growth of the flexible packaging market in Europe is predicted to run a high demand on account of the soaring purchasing power set to augment the consumer demand for processed foods and cosmetics. Countries such as Germany and Russia are foreseen to register a moderate CAGR.

Global Flexible Packaging Market: Competitive Landscape

As a result of the presence of multiple regional industry players, the international flexible packaging market is foretold to display a fragmented character. With a view to stretch their geographical presence in the global market, a number of companies are projected to consider strategies such as extending product portfolio and practicing acquisitions and mergers. Companies such as Huhtamaki Group, Sonoco Products Company, Bemis Company, Constantia Flexibles Group, and Amcor Limited are analyzed to compete strongly against other players in the market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

Wish to check Table of Contents of this report?

Click below to Request TOC

Request TOC