Flexible Packaging Market Research Report 2018 - Global Opportunity Analysis And Industry Forecast To 2023 - ResearchAndMarkets.com
The "Flexible
Packaging Market By Material (Plastics, Paper, Aluminum Foil,
Bioplastics), Design Type (Stand-Up Pouch, Spouted Pouch, Gusseted Bags,
Rollstocks, Blisters, Wraps) - Global Opportunity Analysis And Industry
Forecast To 2023" report has been added to ResearchAndMarkets.com's
offering.
Global flexible packaging market is expected to reach USD 243.7 billion
by 2023, at a CAGR of 3.7% in the forecast period from 2018
The growth of this market is mainly driven by factors such as
downgauging of plastic films, shift from traditional rigid packaging to
flexible packaging, easy transportation and storage along with
sustainable properties, increasing consumer focus on convenience and
sustainability, and improving barrier properties.
Also, the introduction of specialty films in the packaging industry,
proliferation of bio-based plastics films, emerging markets, falling
crude oil prices, and shift in food service from frozen to map packaged
products will further fuel the growth of flexible packaging market.
However, stringent government regulations and increasing raw material
prices restrict the growth of this market to some extent.
The report gives an extensive outlook on various industries/facilities
served by the flexible packaging providers. These industries include
food and beverage, pharmaceuticals, household and personal care, tobacco
products, industrial and chemical products, and oil and lubricants.
Market Dynamics
Drivers
-
Downgauging of Plastic Films
-
Shift from Traditional Rigid Packaging to Flexible Packaging
-
Increasing Consumer Focus on Convenience and Sustainability
-
Growing Food Losses and Wastes
-
Improving Barrier Properties
Restraints
-
Stringent Government Regulations
-
Increasing Raw Material Prices
Opportunities
-
Growing Adoption of Specialty Films
-
The Proliferation of Bio-Based Plastic Films Imply a Promising Growth
for the Flexible Packaging Materials
-
Shift in Food Service from Frozen to Map Packaged Products
-
Falling Crude Oil Prices
-
Emerging Markets
Challenges
-
Inefficient Filling System
-
Recyclability
Companies Mentioned
-
Amcor Limited
-
Bemis Company Inc.
-
Berry Plastics Inc.
-
Clondalkin Group Holdings BV
-
Constantia Flexibles Group GmbH
-
Coveris Holdings S.A.
-
Huhtamaki Group
-
Mondi Group
-
Reynolds Group Holdings Limited
-
Sealed Air Corporation
-
Sonoco Products Company
For more information about this report visit https://www.researchandmarkets.com/research/twt346/flexible?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181212005477/en/
Copyright Business Wire 2018
Source: Business Wire
(December 12, 2018 - 9:31 AM EST)
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