Global Flexible Plastic Packaging Market 2021 Revenue, Opportunity, Forecast and

Posted by Fred Williams on March 26th, 2021

Increased awareness about health has escalated demand for flexible plastics in the pharmaceutical packaging industry are likely to generate considerable growth opportunities for the global flexible plastic packaging market. In addition, convenient packaging has gained substantial traction in recent years, which stimulates growth of the global flexible plastic packaging market.

Flexible plastic packaging is plays a vital role in the keeping packaged content fresh and safe. The global flexible plastic packaging market gathers momentum from its popularity in the packaging of frozen food, where it helps in prolonged storage of food items. Flexible plastic packaging solutions are widely used for packaging of products like baked goods & snacks, tea, beverage & juices, confectionery & chocolate, and many other edible items.

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A significant development that gives a glimpse of the changing market dynamics in the global flexible plastic packaging market is mentioned below:

• In March 2018, Vienna-based Constantia Flexibles Group made an acquisition of Creative Polypack Limited. The latter is based out of India and makes film-based flexible packaging for home and personal care and food and beverage industry. Post acquisition, it is likely that products of Constantia Flexibles Group will have better access to the Indian market in times to come.