The latest market report published by Constancy Researchers “Global Flexible Plastic Pouches Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Flexible Plastic Pouches Market: Overview
The global flexible plastic pouches market was valued at US$ 50,428.9 Million in 2020 and is estimated to grow at a CAGR of 6.9% during the forecast period. The global flexible plastic pouches 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 low cost of the flexible plastic pouches. Furthermore, the growing urbanization and enhanced demand for luxury products are some other key factors for the growth of the flexible plastic pouches 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 plastic pouches market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global flexible plastic pouches market growth in the years to come.
Global Flexible Plastic Pouches Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global flexible plastic pouches market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global flexible plastic pouches market, the demand for flexible plastic pouches has decreased due to haltin the manufacturing industry worldwide during the COVID-19 period.
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Global Flexible Plastic Pouches Market: Report Highlights
- Based on material, the polyethylene category had a major share in the global flexible plastic pouches market in 2020 and presumed to witness lucrative growth over the forecast period. Besides, the polypropylene category is estimated to witness substantial growth during the forecast period.
- On the basis of application, in the flexible plastic pouches market, the food category had a major share in the global market in 2020 and is estimated to continue its dominant position during the forecast period.
- Based on the regional analysis, Asia Pacific had a major share in the global flexible plastic pouches 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 per capital income 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 plastic pouches market.
- As per the research by Constancy Researchers Private Limited, the global flexible plastic pouches 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 Plastic Pouches Market
- Berry Global Inc.
- Mondi Group
- Huhtamaki
- Sealed Air Corporation
- Sonoco Product Company
- Smurfit Kappa
- Amcor PLC
- Goglio SPA
- Constantia Flexibles Inc.
- Proampac
- Uflex Limited
- Korozo Ambalaj San. Ve Tic. A.S.
- Clondalkin Group
- Coveris
- Gualapack S.P.A.
- Wipf Holding Ag
- Novolex
- Glenroy, Inc.
- Daklapack Europe B.V.
- Printpack
- Sigma Plastics Group
- Swiss Pac
- Wihuri Oyj
- Transcontinental Inc
- Shako Flexipack Private Limited
- Others
Global Flexible Plastic Pouches Market: Segmentation
Constancy Researchers Private Limited has segmented the global flexible plastic pouches market on the basis of material, type, application,and regional analysis-
Global Flexible Plastic Pouches Market: By Material
- Polyethylene
- Polypropylene
- Others
Global Flexible Plastic Pouches Market: By Type
- Flat Pouches
- Stand up Pouches
Global Flexible Plastic Pouches Market: By Application
- Food
- Beverages
- Others
Global Flexible Plastic Pouches 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)
