The Global Flexible Packaging Market 2015-2019 report says growing demand for small-sized packs and convenient packaging is encouraging growth prospects of flexible packaging along with actual technological innovations.
The increasing demand for more SKU sizes, a wide range of colored packaging products, and different packaging solutions for different products is expected to positively influence the demand for flexible packaging market products. In addition, numerous vendors are establishing manufacturing plants in emerging markets where production costs are low and the efficiency level is high. To calculate the flexible packaging market size, the report considers revenue generated from the sales of flexible packaging products manufactured by vendors for the packaging of food and beverages. It also includes the market size in terms of volume that has been calculated based on the production of flexible packaging products. The report segments the market on basis of raw materials, product types, and geography.
Factors driving the flexible packaging market include increasing demand for convenient packaging, rising demand for packaged food and beverages, increased demand for plastic-based flexible packaging products, growing demand for stand-up pouches, increased preference for aesthetically appealing products and increase in technological innovations. Trends of this industry covered in the report are growing popularity of sustainable packaging, increase in number of M&A, surge in demand for high-barrier flexible packaging, adoption of retort pouch packaging, growing demand for small-sized packs, use of smart packaging materials and increase in popularity of modified atmosphere packaging.
According to this latest flexible packaging market report, most designs such as zippers, pouring spouts, peel-off lids, and microwavable pouches provide consumers with convenience in consuming and disposing of products. Such packaging designs are being increasingly produced to meet the growing consumer demand for food and beverage products that offer higher convenience and portability. Many packaging companies are planning to devise innovative products. Most of them are focused on inventing new packaging designs or attempting to redesign existing packaging. Further, the report states that the highly fragmented nature of flexible packaging market is proving to be a major challenge for vendors.
Companies like AEP Industries, Amcor, American Packaging, Automated Packaging Systems, Bemis, Berry Plastics, Coveris Holdings, Innovia Films, MeadWestvaco, Mondi, Printpack, Rexam, Sealed Air, Sonoco Products and Wipak are discussed at length in this research. Other prominent players simply mentioned in the report include Anchor Packaging, Ball, Bellmark,Bischof + Klein, Britton Group, Cellpack, CL&D Graphics, Clear Lam Packaging, Clondalkin Group, Constantia Flexibles, Exopack, Flextrus, Fres-co System USA, Glenroy, Hood Packaging, Huhtamäki, JL Packaging, Oracle Packaging, Pactiv, Paharpur 3P, PERUPLAST, Phoenix Closures, Prolamina Corporation, Rollprint Packaging Products, Safta, Schur Flexibles, Sigma Plastics and Südpack Verpackunge.
The increasing need for sustainable and eco-friendly packaging is a key trend being witnessed in the global flexible packaging market. The public in many countries is concerned about the environmental impact and sustainability of packaging. Therefore, numerous consumer product manufacturers prefer using eco-friendly packaging material as it provides an opportunity to promote environmental sustainability. The increased environmental concerns and the need to reduce pollution have led to more emphasis being placed on the sustainability of the environment, the use of recyclable materials, especially plastic, in packaging, and the use of resins that are derived from renewable resources. Factors such as these are expected to encourage packaging vendors to research and develop new materials or new eco-friendly designs that result in the minimal use of non-biodegradable materials in packaging. Hence, there is a growing preference among vendors to use recyclable and biodegradable flexible packaging materials.
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