Asia Pacific flexible packaging market to reach around USD 60 billion by 2025Posted by rohan on February 11th, 2020 Asia Pacific Flexible Packaging Market Overview: The packaging is the mandatory step that plays a vital role in the storage, transportation, and other aspects of any product. Flexible packaging refers to a package or material that is often made of easily yielding materials, which are when filled or closed, can be readily changed into various shapes. Furthermore, flexible packaging is composed of plastics, papers, and metals as the critical components of flexible packaging products that are made from foil, paper sheet, laminated paper, and plastic layers. The Asia Pacific flexible packaging market size was close to USD 31.7 billion in 2020 and is estimated to expand at a current CAGR of 6.4% to reach around USD 59.6 billion by 2025. Asia Pacific Flexible Packaging Market drivers and restraints: The emerging need for bio-based and biodegradable films is the primary factor that boosts the growth of the Asia Pacific flexible packaging market. Furthermore, with the employment of metalized films like the application of aluminum layer on a polymer surface, the resultant has proved to be resistant to moisture and oxygen, thereby producing in market expansion in the Asia Pacific region. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/apac-flexible-packaging-market Report segmented as: By material:
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Geographical analysis: In 2018, the Asia Pacific region had the biggest share of the flexible plastic packaging market on the basis of value. The area is expected to have the highest expansion in the foreseen period, attributing to the big consumer base for FMCG products, owing to population expansion in the countries of the region. Important market players: Key players operating in the Asia Pacific flexible packaging marketare Amcor Limited, Bemis Company Incorporation, Sonoco Products Company, Mondi group, Coveris, Constantia Flexibles, Ampac Holdings LLC, Sealed Air Corporation, Huhtamaki Group, and GoglioSpA. View a sample and decide: https://www.marketdataforecast.com/market-reports/apac-flexible-packaging-market Recent Developments: Mondi, a global leader in packaging and paper, is showcasing the latest consumer ordering system at its Swiecie plant in Poland. This newest service will provide consumers with the opportunity to place a first time order for a newly designed solution, and have it packed and delivered within 24 hours. The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/ Like it? Share it! More by this author |