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Flexible Packaging Market by Material, Type, Segmentation, Development Factors, Market Growth Status, Industry Share and Forecast by 2029
Based on previous market performance, the Flexible Packaging market is expected to reach USD 216.70 billion in size by 2029. With a 4.1% CAGR.Flexible Packaging Market Overview:
Flexible packaging is a method of presenting goods in a more affordable and adaptable way by using materials that aren't stiff. Due to its great efficiency and affordability, this technology, which is still relatively new in the packaging industry, has gained popularity. This form of packaging makes pouches, bags, and other pliable product containers out of a range of flexible materials, including foil, plastic, and paper. Flexible packaging is especially valuable for sectors like the food and beverage, personal care, and pharmaceutical industries that need adaptable packaging.
One of the main raw materials used by producers of flexible packaging was bioplastic. Over the next seven years, easy recycling and biodegradability are anticipated to generate a growing demand for bio-based PLA films in the food, bakery, confectionery, and snack packaging applications.
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Rising consumer spending power is driving demand for high-quality goods in emerging nations like Brazil, South Africa, and Russia due to rising living standards. Demand for flexible packaging is projected to rise as a result of changing consumer lifestyles and rising interest in eco-friendly packaging materials.
Based on our expert's analysis the players that are leading the market includes: Sealed Air Corporation, Amcor, Berry Global Inc., Mondi, Sonoco, Huhtamaki, Coveris, Transcontinental Inc., Clondalkin Group. and Others.
The whole market is segmented as follows:
Flexible Packaging Market by Material, 2020-2029, (USD Billion) (Kilotons)
Polyethylene
Polypropylene
Polyamine
Polyvinyl Chloride
Polystyrene
Flexible Packaging Market by Type, 2020-2029, (USD Billion) (Kilotons)
Stand Pouches
Flat Pouches
Rollstocks
Flexible Packaging Market by Application, 2020-2029, (USD Billion) (Kilotons)
Food & Beverage
Healthcare
Personal Care
Industry Developments:
In 2021 - A new line of compostable products made of bio-plastic packaging materials was introduced by KM Packaging. Shrink wrap, stretch wrap, adhesive tape, nets, and bags are all part of its C-range. This will increase KM's customer base and broaden the product offering of sustainable flexible packaging solutions.
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Flexible Packaging Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Flexible Packaging Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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