The latest market report published by Constancy Researchers “Global Bags Flexible Packaging Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Bags Flexible Packaging Market: Overview
The global bags flexible packaging market was valued at US$ XX Million in 2020 and is estimated to grow at a CAGR of XX% during the forecast period. The global bags flexible packaging market is anticipated to witness lucrative growth in the years to come due to the rising demand for packaged food & beverages products across the globe along with the increased demand for bags flexible packaging from e-commerce industry. Furthermore, the growing urbanization and enhanced demand for luxury products are some other key factors for the growth of the bags flexible packaging market during the forecast period. Moreover, the increased demand for sustainable packaging across developed and developing economies is one of the key opportunities for the global bags flexible packaging market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global bags flexible packaging market growth in the years to come.
Global Bags Flexible Packaging Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global bags flexible packaging market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global bags flexible packaging market, the demand for bags flexible packaging has decreased due to haltin the manufacturing industry worldwide during the COVID-19 period.
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Global Bags Flexible Packaging Market: Report Highlights
- Based on material, the plastic category had a major share in the global bags flexible packaging market in 2020 and presumed to witness lucrative growth over the forecast period. Besides, the bio plastics category is estimated to witness the fastest growth during the forecast period.
- On the basis of application, in the bags flexible packaging market, the food& beverages category had a major share in the global market in 2020 and is estimated to continue its dominant position during the forecast period. On the other hand, the cosmetics category is presumed to witness lucrative growth in the years to come.
- Based on the regional analysis, Asia Pacific had a major share in the global bags flexible packaging market and is estimated to continue its dominant position over the upcoming years. This is majorly due to the the rising demand for packaged food & beverages in the region along with the rising packaging industry in the region and growing urban population in the emerging economies of Asia Pacific.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global bags flexible packaging market.
- As per the research by Constancy Researchers Private Limited, the global bags flexible packaging market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Bags Flexible Packaging Market
- Bemis Company Inc.
- Mondi PLC
- Huhtamaki Oyj
- Sealed Air Corporation
- Constantia Flexibles International GmbH
- Sonoco Products Company
- Amcor Ltd.
- Ukrplastic
- Ampac Holding
- Wipak Group
- Flextrus AB
- Bischof & Klein GMBH & CO.KG
- Dai Nippon Printing
- American Packaging
- Sudpack
- Coveris
- Bryce
- Clondalkin
- Schur Flexibles
- BASF SE
- Solvay
- Biosphere Plastic
- Braskem
- Rodenburg Biopolymers B.V
- Solegear Bioplastics
- Others
Global Bags Flexible Packaging Market: Segmentation
Constancy Researchers Private Limited has segmented the global bags flexible packaging market on the basis of material, application,and regional analysis-
Global Bags Flexible Packaging Market: By Material
- Paper
- Aluminum
- Plastic
- Bioplastic
Global Bags Flexible Packaging Market: By Application
- Food&Beverages
- Pharmaceuticals
- Cosmetics
- Others
Global Bags Flexible Packaging Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
