Flexible Packaging Market Trends, Share, Growth, Trends - forecast 2027Posted by sagark on February 5th, 2020 Summary Flexible Packaging Market Trends, Growth, 6.09% of CAGR, Future Scope, Research Report and market forecast by 2027 | Global Flexible Packaging Market Trends information By Material (Plastic, Paper, Aluminum), Products (Pouches, Bags, Wraps), Printing Technology (Flexography, Digital Printing), Application (Pharmaceutical, Food & Beverages, Personal Care) And Region - Forecast Till 2027 Flexible Packaging Market Trends Overview The global Flexible Packaging Market Trends is presently gaining much traction from across the world and is anticipated that it will expand at a CAGR of 6.09% during the forecast period (2019–2027), reveals Market Research Future (MRFR). In its extensive study, MRFR also focuses mainly on the driving forces, which are motivating the market to increase and expand considerably. The holistic approach further encompasses the segmentation and regional analysis, which depicts the market’s growth during its progression period. Key Market Players The well-known players of global Flexible Packaging Market Trends are listed as
Flexible Packaging Market Segmentation The global Flexible Packaging Market Trends, as per MRFR’s study, has been segmented by material, product type, printing technology, and application. In terms of material: Plastic, paper, aluminum foil, and more are the segments. Among which, the plastic segment is leading the market for its wide-ranging applications in packaging through various end-use industries. Assorted plastics such as PVC, PE, PP, PET is being used extensively in industries. It also extends as high-barrier, cost-efficient, temperature-resistance, and durable packaging choices. In terms of product type: Pouches, bags, wraps, and other types are included. Among which, the pouch segment acquires the maximum market share as it incorporates stand-up pouches, retort pouches, and pillow pouches as these have high barrier properties against moisture and oxygen, along with low material usage and cost-effective features. In terms of printing technology: Flexography, digital printing is included. Among these, the flexography has maximum market share, which is a traditional method of print and can be used across various type of substrates, such as corrugated cardboard, cellophane, plastic, label stock, fabric, and metallic film. In terms of application: Food & beverage, pharmaceutical, personal care are the segments. Among which, the food & beverage segment has the maximum market share in support of their expanding call for ready-to-eat and on-the-go foods and drinks continue to grow. Regional Outlook The regional analysis of the Flexible Packaging Market Trends spans across North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). Among these, in Asia-Pacific, the market is expected to propel substantially due to factors such as growing population and prompt industrialization in developing countries. Besides, the risen per capita disposable income and changing preferences and lifestyle of consumers also have a constructive impact on the growth of the market. Countries like China, India, and Japan are the main spots that contribute significantly to the Flexible Packaging Market in the region. These countries have witnessed an emergence of global companies, and their presence is raising the demand for flexible packaging in the region. North America is recorded for having the largest share of the market of flexible packaging owing to the factors such as rising consumer preference of convenient packaging, increase in disposable income, and growing demand from food & beverage, pharmaceutical sectors, are driving the demand of the market, mainly in the U.S. The market in Europe has always played a key role in innovation and development of personal care, hygiene, and beauty products. Therefore, with the enhanced demand for lightweight consumer-friendly products and easily transportable are also contributing to the market’s growth. With this, the rising focus on sustainability, surged need for extended shelf life, as well as rising standards of hygiene are also the primary drivers of Flexible Packaging Market Trends. Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/flexible-packaging-market-1151 Like it? Share it! More by this author |