Global flexible
packaging market is projected to grow from $ 95 billion in 2018 to $ 129
billion in 2024, exhibiting a CAGR of over 5% during 2019-2024, owing to growing
food and packaging requirement, on account of rising population. Increasing
demand for convenient packaging, growing consumer preference for packaged foods
and rising focus on substitutes for rigid packaging materials are some of the
other key factors that would drive demand for flexible packaging across the
globe. Moreover, development of numerous production technologies and case-ready
packaging is expected to positively influence the market during forecast
period.
Global flexible
packaging market has been categorized into product type, material type,
printing technology, application and regional distribution. Based on product
type, the market has been segmented as pouches, rollstocks, bags and others. Based
on material type, the market has been bifurcated into plastic, paper, aluminium
foil and others. Plastic segment accounted for the majority share in global market
in 2018. Notably, plastic flexible packaging is extensively used in the food
& beverages sector, as it can take several forms and shapes, which hold
high importance for the industry. Further, aluminum foil is anticipated to
witness significant demand during the forecast period, owing to growing use of
aluminum foil in the food & beverages industry and household. Based on printing
technology, the market has been segmented into flexography, rotogravure,
digital printing and others. Based on application, the market has been
categorized into food & beverages, healthcare, cosmetics & toiletries
and others. Food & beverages is the largest application segment in global
packaging flexible market. Increasing demand for packaged foods including
frozen meals, ready-to-eat meals and snack foods is anticipated to prompt the
manufacturers to expand their production capacity, thus increasing flexible
packaging demand during the forecast period.
Asia-Pacific
dominated global flexible packaging market in 2018 and is expected to dominate
the market during 2019-2024, owing to prosperous food & beverages sector,
predominantly in India and China.
Competitive
Landscape
Some of
the leading companies engaged in the production of flexible packaging are Amcor
Limited, Mondi Group, Constantia Flexibles, Berri Global, Sealed Air, Bemis,
Clondalkin Group, Sonoco, Huhtamaki, Uflex, Danaflex, D.S. Smith, Coveris
Holdings, Glenroy, Aluflex Novi, Bak Ambalaj, etc. Most of the leading companies
are expected to shift manufacturing base to developing countries like India and
China, owing to low cost of production and cost of labor.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast global
flexible packaging market size.
- To forecast global flexible
packaging market based on product type, material type, printing
technology, application and regional distribution.
- To identify drivers and
challenges for global flexible packaging market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in global flexible packaging market.
- To conduct the pricing
analysis for flexible packaging market.
- To identify and analyze the
profile of leading players involved in the manufacturing of flexible
packaging.
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Some of the leading players in global
flexible packaging market are Amcor Limited, Mondi Group, Constantia Flexibles,
Berri Global, Sealed Air, Bemis, Clondalkin Group, Sonoco, Huhtamaki, Uflex,
Danaflex, D.S. Smith, Coveris Holdings, Glenroy, Aluflex Novi, Bak Ambalaj, etc.
TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of leading manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in global flexible packaging market.
TechSci Research calculated global flexible packaging market size using a top-down approach, where data for various end-user
segments was recorded and forecast
for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through
analyzing historical data of these product types and applications for getting
an appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target
Audience:
- Flexible Packaging manufacturers
and suppliers
- Government and other
regulatory bodies
- Research institutes and
organizations
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global flexible
packaging market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market, by Product Type:
- Pouches
- Rollstocks
- Bags
- Others
- Market, by Material Type:
- Plastic
- Paper
- Aluminium
Foil
- Others
- Market, by Printing Technology:
- Flexography
- Rotogravure
- Digital
Printing
- Others
- Market, by Application:
- Food & Beverages
- Healthcare
- Cosmetics & Toiletries
- Others
- Market, by Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Europe
- United Kingdom
- Italy
- France
- Germany
- Russia
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global flexible packaging market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of
direct and indirect sales channel.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com