The Flexible Plastic Packaging Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Flexible Plastic Packaging Market:
https://www.thebusinessresearchcompany.com/report/flexible-plastic-packaging-global-market-report
According to The Business Research Company’s Flexible Plastic Packaging Global Market Report 2024, The flexible plastic packaging market size has grown strongly in recent years. It will grow from $166.01 billion in 2023 to $174.42 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to consumer convenience, sustainability concerns, food and beverage industry growth, shelf appeal and branding, transportation and logistics.
The flexible plastic packaging market size is expected to see strong growth in the next few years. It will grow to $219.18 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to e-commerce and home delivery, convenience features, customization and personalization, reduction of food waste, emerging market growth. Major trends in the forecast period include increasing health and hygiene focus, advanced barrier materials, single-use plastic alternatives, digital printing and labeling, technological advancements.
The increase in consumption of processed and packaged food is drove the growth of the flexible plastic packaging market in the historic period. Packaged foods are food products that have been frozen, canned, cooked, packaged, or changed in nutritional composition and are preserved or fortified in different ways. Food brands are adopting flexible plastic packaging it consists of different types of packages that are easily molded. For instance, in December 2021, According to the Agricultural and Processed Food Products Export Development Authority (APEDA), an-Indian-based government agency, processed food products exports increased from $11,671 million to $ 13,261 million in 2021-22. Therefore, high consumption of processed and packaged food propelled the demand for flexible plastic packaging during the period.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=4097&type=smp
The flexible plastic packaging market covered in this report is segmented –
1) By Type: Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags, Wraps, Other Types
2) By Technology: Flexography, Rotogravure, Digital Printing, Other Technologies
3) By Application: Food, Beverage, Pharms & Health Care, Personal Care & Cosmetics, Other Applications
The launch of innovative packaging to attract more customers and expand the customer base of the company is a key trend in flexible plastic packaging. The companies operating in the flexible packaging market are focusing on manufacturing innovative and sustainable packaging solutions for end-users. For example, in February 2021, FreeForm Packaging AB, a Sweden-based packaging company, launched one-sided stretchable paper laminate, which is based on 85% paper. Stretchable paper laminate has two layers of fiber form, a thin layer of polyethylene is present on one of the layers which protects packaging and content.
The flexible plastic packaging market report table of contents includes:
.
.
.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope Pediatric orthopedic implants are medical equipment created and utilized especially for pediatric…
Overview and Scope Oncolytic virus therapy, also known as virotherapy, is a type of cancer…
Recreation clubs refer to a location with all necessary amenities where people can gather for…
Professional beauty services refer to various specialized services that offer a variety of cosmetic treatments…
A veterinary hematology analyzer is a device used in animal healthcare to produce a complete…
A vehicle scanner refers to equipment that scans the onboard diagnostics (OBD) system in the…