The latest market report published by Constancy Researchers “Global Flexible Packaging Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Flexible Packaging Market: Overview
The global flexible packaging market was valued at US$ 231,478.9 Million in 2020 and is estimated to grow at a CAGR of 4.9% during the forecast period. The global 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 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 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 flexible packaging market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global flexible packaging market growth in the years to come.
Global Flexible Packaging Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global flexible packaging market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global flexible packaging market, the demand for flexible packaging has decreased due to haltin the manufacturing industry worldwide during the COVID-19 period.
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Global Flexible Packaging Market: Report Highlights
- Based on material, the plastic category had a major share in the global 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 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 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 flexible packaging market.
- As per the research by Constancy Researchers Private Limited, the global 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 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 Flexible Packaging Market: Segmentation
Constancy Researchers Private Limited has segmented the global flexible packaging market on the basis of material, type, application,and regional analysis-
Global Flexible Packaging Market: By Material
- Paper
- Aluminum
- Plastic
- Bioplastic
Global Flexible Packaging Market: By Type
- Pouches
- Bags
- Films & Wraps
- Others
Global Flexible Packaging Market: By Application
- Food&Beverages
- Pharmaceuticals
- Cosmetics
- Others
Global 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)
