According to this latest publication from Meticulous Research®, the Global Flexible Packaging Market is expected to grow at a CAGR of 3.7% from 2018 to 2023 to reach USD 243.7 billion by 2023, driven by factors such as downgauging of plastic films, shift from traditional rigid packaging to flexible packaging, easy transportation and storage along with sustainable properties, increasing consumer focus on convenience and sustainability, and improving barrier properties. Furthermore, factors such as growing adoption of specialty films in the packaging industry, the proliferation of bio-based plastic films, emerging markets, falling crude oil prices, and a shift in food service from frozen to map packaged products offer significant growth opportunities for the market players during the forecast period.
The global flexible packaging market study presents historical market data in terms of value (2016 and 2017), estimated current data (2018) and forecasts for 2023 – by material (plastics, paper, aluminum foil, bioplastics, and recycled cellulose fiber), design (pouches, bags and trays, rollstocks, squeezable bottles, blisters, and wraps), and industry verticals (food and beverages, pharmaceuticals, household and personal care, tobacco products, industrial and chemical products, and oil and lubricants). The study also evaluates industry competitors and analyzes the market at regional and country level.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy, Spain, and RoE), Asia-Pacific (Japan, China, India, Australia, and RoAPAC), Latin America, and the Middle East & Africa.
the key players contributing to the growth of the global flexible packaging market include Amcor Limited (Australia), Berry Plastics Inc. (U.S.), Constantia Flexibles Group GmbH (Austria), Bemis Company, Inc. (U.S.), Sonoco Products Company (U.S.), Mondi Group (Austria), Reynolds Group Holdings Limited (New Zealand), Clondalkin Group Holdings BV (The Netherlands), Huhtamaki Group (Finland), Coveris Holdings S.A. (Luxembourg), and Sealed Air Corporation (U.S.) among several others.
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