Global Flexible Plastic Packaging Market Expected To Reach XX Million By 2025
According to a new report published by Reports Monitor titled, “ Global Flexible Plastic Packaging Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Flexible Plastic Packaging market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Flexible Plastic Packaging provides variety of material and methods to pack different products making it very useful. Flexible plastic packaging is easy and comfortable to transport as they are light weight, sustainable and reliable.
It is highly favorable for packaging of foodstuff as it has the ability to preserve it for a longer period of time compared to the traditional packaging systems. It is user-friendly and convenient to use which attracts user, increasing its market growth. New innovations for making the packaging recyclable are being made which may influence the growth of the market. Its rising demand in various application fields such as packaging of food, medical and healthcare products, etc. is boosting market growth. On the other hand, factors such as variations in cost of plastic materials may hamper market growth.
The Flexible Plastic Packaging market research report provides key insights on the growth opportunities of this market based on regions, applications and upcoming technologies. It includes detailed analysis of the current market situations such as market size, upcoming developments and investments. Major advancements and key strategies of major companies such as mergers and acquisitions, value chain analysis and swot analysis have also been included in this report. The report has been composed by carrying out in-depth analysis of both primary and secondary data sources.
The flexible plastic packaging market is segmented into the type of packaging, the material used and applications. On the basis of the type of packaging, the market is divided into stand-up pouches, flat pouches, retort pouches, gusseted bags, wicketed bags, wraps and others. In terms of the materials used, the market is segmented into plastic films, paper, aluminium foils and bio plastics. On the basis of application, the market is divided into food and beverages packaging, cosmetic products packaging, medical and healthcare packaging and others.
Asia Pacific is rising in the flexible plastic packaging market due to factors such as demand for flexible packaging owing to an increase in food and beverages industry. The flexible plastic packaging market is analyzed across regions North America, Europe, Asia Pacific (APAC) and Latin America, Middle East and Africa (LAMEA).
The key players in this market are: Bemis Company, Huhtamaki, Berry Global, Amcor, Constantia Flexibles, DuPont, Sealed Air Corporation, Sonoco Products Company and Bischof & Klein SE & Co. KG.
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