Flexible Packaging Market Overview
Flexible Packaging Market was valued at US$ 214.76 Bn. in 2023. Global Flexible Packaging Market size is estimated to grow at a CAGR of 6.93 %.
Stellar Market Research, an Flexible Packaging business research firm has published a report on the “Flexible Packaging Market”. As per the “Flexible Packaging report,” the total market for Flexible Packaging was USD Flexible Packaging in 2023 and is expected to reach USD Flexible Packaging by 2030.
Flexible packaging is available in the various formats like seal and resealable pouches, gusseted bags, stand-up pouches, microwavable pouches, spouted pouches, zipper and vacuum bags. Flexible packaging adds value to food and non-food products. Innovation and advancements in the packaging technology have led to the development of lighter weight packaging. It has a positive sustainability profile. Flexible packaging extends the shelf life of food products. Flexible Packaging Market report’s segment analysis is on the basis of material type, product, end use industry and region.
Flexible Packaging Market Report Scope and Research Methodology
Sustainability is a new trend in the flexible packaging market. Many brand owners are seeking sustainable solutions. Flexible packaging offers ecological benefits like it uses less material over other solutions. It helps to save precious resources and energy during production.
Health and food safety trends: Drive demand for Reliable, Safe Materials for Packaging
Food contact materials have stringent legal requirements. With the growing consumer, brand owners are focusing to deploy suitable solution for maximized health and food. The standards and regulations are expected to become even stricter in the future, which drives the demand for packaging for food products. In the future, to offer healthy and safe food deployment and improve the quality, freshness and safety of food products, value chain from raw material suppliers to brand owners need to collaborate to create packaging solutions. The demand growth for healthy and safety food drives the growth of flexible packaging market.
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Flexible Packaging Market Regional Insights
Today, Asia is expected to hold the dominant position in the global flexible packaging market, with more than 40% of the global market share. An increase in preference for ready meals and smaller packaging units, rapid urbanization and high penetration of online shopping are some of the prominent factors behind the market growth. Multilayer plastics are projected to contribute more than 70%% of the market for food packaging in the Asia Pacific region. Asian consumers increasingly demanding environmentally friendly products. An innovation at the business model level is expected to increase profitability and stave off competition. Key operating players in the market are expected to form new strategies to tap key opportunities into new markets by providing socially responsible goods without sacrificing convenience.
Flexible Packaging Market Segmentation
Currently, food packaging industry includes the food products like processed fruits and vegetables, snacks, frozen and fresh food, sauce and spice, fish and seafood, meat and poultry, baby food, pet food, etc. Brand owners in the food packaging market are facing intense competition for the food preference of consumers and high-growth sectors in local, national, regional and global flexible packaging market. Food is the largest end-use industry for flexible packaging, which is accounting more than 50% share in flexible packaging. The food industry was an early adopter of flexible packaging and has witnessed continued strong growth because of increase its usages in convenient packaging for ready-to-eat foods, snacks, frozen meals and cake mixes. The processed fruits, vegetables, and baby food are expected to outperform the total food market for flexible packaging.
Flexible Packaging Market Key Players
Berry Global Inc.
Amcor Plc
FlexPak Services LLC
Mondi Group
Sealed Air Corporation
Constantia Flexibles Transcontinental Inc.
Coveris Holding SA
Huhtamaki Sonoco
To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/Flexible-Packaging-Market/277
Key questions answered in the Flexible Packaging Market are:
- What is Flexible Packaging?
- What was the Flexible Packaging market size in 2023?
- What is the growth rate of the Flexible Packaging Market?
- Which are the factors expected to drive the Flexible Packaging market growth?
- What are the different segments of the Flexible Packaging Market?
- What growth strategies are the players considering to increase their presence in Flexible Packaging?
- What are the upcoming industry applications and trends for the Flexible Packaging Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Flexible Packaging Market?
- What segments are covered in the Flexible Packaging Market?
- Who are the leading companies and what are their portfolios in Flexible Packaging Market?
- What segments are covered in the Flexible Packaging Market?
- Who are the key players in the Flexible Packaging market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
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