Global Flexible Plastic Packaging Market: Key Highlights
Global Flexible Plastic Packaging Market: Key Market Dynamics
Global Flexible Plastic Packaging Market: Regional Overview
The Asia Pacific region is expected to hold the largest share of the flexible plastic packaging market. The high growth of this region can be attributed to the increasing population that has led to the consumption of food & beverages, which directly increases the demand for flexible plastic packaging. Moreover, rising disposal income and increasing exports from countries such as China, Japan, and India have led to growth in the flexible packaging market in this region.
The growing adoption of advanced packaging and increasing demand for lightweight packaging from food and healthcare sectors are the major driving factors behind the growth of North America's flexible plastic packaging market. North America has strict emission standards which may hamper the growth of the flexible plastic packaging market in this region. For Instance, lightweight plastic bags are banned in Montreal (Canada), and California and Hawaii (US).
Global Flexible Plastic Packaging Market: Key Players Overview
Amcor plc is one of the leading player in developing and providing packaging solutions for food & beverage, healthcare, home care, personal care, pet care, technical and other products. The company has presence of over 40 countries globally with 250 sites and more than 50,000 employees. In January 2020, Amcor Flexibles North America announced that future partnership with Moda vacuum packaging systems. The reason behind the partnership is to gain operational efficiencies and drive total cost savings by Amcor’s shrink bag and roll stock film for meat and cheese with Moda’s system.
CONSTANTIA is one of the leading manufacturers of flexible packaging. The company is engaged in the supply of products to various multinational companies as well as the local market players in food, pet food, and pharmaceutical industries. The company recently developed from a supplier with a strong European regional focus into a group that is active on a global basis in the global growing and attractive market for flexible packaging. In 2018, CONSTANTIA acquired the Indian film-based laminates producer Creative Polypack Limited. Creative Polypack is India’s one of the largest flexible packaging firm offers manufacturing film-based flexible packaging for the food and home & personal care industries.
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