Global Flexible Plastic Packaging Market is accounted for $150.84 billion in 2019 and is expected to reach $251.53 billion by 2027 growing at a CAGR of 6.6% during the forecast period. Some of the key factors propelling the market growth include increased demand in end-use industries, such as food, beverage, cosmetic & personal care, and pharmaceutical, growth in modern retailing, high consumer income, and acceleration in e-commerce activities especially in the emerging economies, increasing health awareness among consumers, and burgeoning popularity of convenient packaging.
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On the basis of geography, the APAC region is expected to have considerable growth during the forecast period, owing to improving global economy, expanding working population, rising domestic demand for ready-to-eat & convenience food products. The market for flexible plastic packaging in APAC is growing in the food, beverage, pharmaceutical, and personal care & cosmetics industries due to the functional properties offered by flexible plastic packaging, such as safety, cost-effectiveness, durability, strength, lightweight, environmental-friendliness, and handling convenience.
Some of the key players in Flexible Plastic Packaging Market include Clondalkin Group, Sealed Air Corporation, Berry Global Group, Inc., Constantia Flexibles Group, Ampac Holdings, LLC, Coveris Holding S.A., Sigma Plastics Group, Amcor Ltd., Bemis Company, Inc, Transcontinental Inc., DS Smith Plc, CCL Industries Inc., Mondi Group plc, Sonoco Products Company, Uflex Ltd., and Winpak Ltd.
Materials Covered in Flexible Plastic Packaging Market
• Aluminum Foil
• Plastic Films
• Bioplastics
• Other Materials
Types Covered:
• Pouches
• Bags & Sacks
• Rollstocks
• Films and Wraps (Crinkly Wrappers)
• Tubes
• Other Types
Technologies Covered:
• Digital Printing
• Rotogravure
• Flexography
• Other Technologies
Applications Covered:
• Pharma & Healthcare
• Food
• Personal Care & Homecare
• Beverages
• Industrial and Institutional
• Cosmetics & Toiletries
• Dairy Products
• Other Applications
Packaging Types Covered:
• Modified Atmospheric Packaging (MAP)
• General Barrier
• Vacuum Skin Packaging (VSP)
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