COVID19:Global Flexible Plastic Packaging Market is estimated to reach USD 152.5 Billion by 2025
Flexible Plastic Packaging Market: Summary
The Global Flexible Plastic Packaging Market is estimated to reach USD 152.5 Billion by 2025 at a CAGR of 4.8 %, says forencis research (FSR).
Flexible packaging is replacing the traditional rigid packaging due to numerous advantages which include convenience in handling and disposal, savings in transportation costs, etc. Flexible packaging consists of monolayer as well as multilayer films of plastics. Multi-layered laminated sheets of plastics consist of Polyethylene, Polypropylene, Polyethylene Terephthalate, and Polyvinyl Chloride. Surging demand for flexible plastic packaging from food & beverage, healthcare, and cosmetic industries are boosting the growth of the market.
Flexible Plastic Packaging Market : Drivers & Restraints
Market Drivers:
- Growing Demand from End-User
Food & beverage and healthcare are the major users of flexible plastic packaging. Growth of the market in food & beverage is dominant, as it ensures extended food quality, safety, and shelf life. Spend on packed foods is increasing owing to the increase in per capita income, increasing population, and urbanization, globally. Besides food & beverage, healthcare is also a major user of flexible plastic packaging. The pharmaceutical industry relies more on the packaging and regulations to protect and promote their products, in order to meet increasing regulations.
Afore said factors are expected to drive the demand of flexible plastic packaging market, globally during the forecast period.
Market Restraints:
- Growing Environmental Concerns
With increasing flexible plastic packaging the percentage of solid waste streams also increases and it poses environmental challenges. Improper disposal of plastics pouches and bags, leads to water pollution, disturbance of soil microbe activity, and the release of poisonous chemicals further harms human health and the entire ecosystem. This is considered a major threat to the environment, public health and is projected to hamper the growth of the market during the forecast period.
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Market Opportunities:
- Increasing Focus on Innovative and Cost-Effective Packaging Materials
New products in flexible packaging such as vacuum pouch, high-temperature retort pouch, stand-up pouch, etc. can lead to the changing flexible plastic packaging trends. Moreover, the emerging Nano-coated technology in the packaging of the food & beverage products is also expected to create new market opportunities for the key players.
Such factors coupled with increasing innovations in the packaging industry is expected to drive the flexible plastic packaging market, during the forecast period.
Flexible Plastic Packaging Market : Key Segments
- Key Segments by Type include: Zipper Lock Pouches, Stand-Up Pouches, Crinkly Wrappers and Bags, and Others
- Key Segments by Material include : Polypropylene, Polyvinyl Chloride, Polyethylene, Polystyrene, Polyethylene Terephthalate, Biopolymer, and Others
- Key Segments by End User include : Food & Beverages, Healthcare, Personal Care, and Others
- Key Regions Covered include: North America, Europe, Asia-Pacific, Middle East & Africa, and South America with individual country-level analysis.
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Flexible Plastic Packaging Market : Report Scope
The report on the flexible plastic packaging market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features
Specifics
Historical/Estimated/Forecasted Market Size Years
2018–2025
Base Year for Market Calculation
2019
Forecasted Period
2020–2025 (2020 estimated year, forecasted up to 2025)
Measured Units
Value (USD Million) Volume (Units)
Segments Included
Type, Material, End User and Region
Regional Coverage
Asia-Pacific, North America, Europe, Middle East & Africa, and South America
Key Companies Covered
- Amcor plc (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- CONSTANTIA
- Sealed Air
- CLONDALKIN GROUP
- Reynolds
- Mondi
- Berry Global Inc.
- Sonoco Products Company
- Coveris
- Huhtamäki Oyj
- Other Key Companies
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Flexible Plastic Packaging Market : Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Flexible Plastic Packaging Market, by Type
- Zipper Lock Pouches
- Stand-Up Pouches
- Crinkly Wrappers and Bags
- Others
Flexible Plastic Packaging Market, by Material
- Polypropylene
- Polyvinyl Chloride
- Polyethylene
- Polystyrene
- Polyethylene Terephthalate
- Biopolymer
- Others
Flexible Plastic Packaging Market, by End User
- Food & Beverages
- Healthcare
- Personal Care
- Others
Flexible Plastic Packaging Market, by Region
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 Flexible Plastic Packaging Market By Type, Market Size In Usd Million (2018–2025)
7 Adhesives And Sealants Market By Resin, Market Size In Usd Million And Kiloton (2018–2025)
8 Flexible Plastic Packaging Market By Material, Market Size In Usd Million (2018–2025)
9 Flexible Plastic Packaging Market By End User, Market Size In Usd Million (2018–2025)
10 Competitive Landscape
11 Company Profiles
12 Appendix
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
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