Breaking Boundaries: Flexible Paper Packaging Redefines the Packaging Landscape
Posted by Jack Martin on May 31st, 2023
The global flexible plastic packaging market size is projected to grow from USD 160.8 billion in 2020 to USD 200.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast year. According to the Flexible Packaging Association, “flexible packaging is any package or any part of a package whose shape can be readily changed.” Some of the most common examples of flexible packaging include bags, pouches, shrink films, tubes, sleeves, and carded packaging. It find application in in numerous industries, such as food, beverages, pharma & healthcare, and Cosmetics industries. Flexible packaging is considered to be the most convenient and economical way to preserve, distribute, and package food items, beverages, pharmaceutical products and several consumables. In a way, flexible plastic packaging ensures a prolonged shelf life of the products that helps in efficient distribution and minimizing losses.
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Flexible paper packaging is a type of packaging that uses paper as the primary material and is designed to protect, preserve, and transport products. It is a versatile packaging option that can come in various shapes, sizes, and styles, such as stand-up pouches, pillow pouches, and flat pouches. Flexible paper packaging is used for a wide range of products, from food items to pharmaceuticals, from cosmetics to pet food. It is an eco-friendly, sustainable packaging option that provides superior protection for the product, is lightweight and cost-effective, and can be customized to meet the specific needs of the product.
The flexible plastic packaging market has thousands of companies which thrive in their domestic market. A few of the major players are, Berry Global Inc. (US), Sealed Air Corporation (US), Amcor (Australia), Sonoco (US), Mondi (Austria), Sealed Air Corporation (US), Coveris (Austeria), Clondalkin Group (The Netherlands), Transcontinental Inc. (Canada), and Constantia Flexibles (Austria). These players have adopted various growth strategies, such as acquisitions, expansions & investments, new product launch, and agreements to increase their market shares and enhance their product portfolios.
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About the AuthorJack Martin
Joined: August 7th, 2017
Articles Posted: 1,090
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