Flexible Plastic Packaging Market To Reach USD 152.5 Billion In 2025 | CAGR 4.8% - Forencis Research

Flexible Plastic Packaging Market Size, Share, Trends, Growth, Analysis, Research

Global Flexible Plastic Packaging Market: Key Highlights

  • According to the new market research report Flexible Plastic Packaging Market by Type (Zipper Lock Pouches, Stand-Up Pouches, Crinkly Wrappers & Bags, and Others) by Material  (Polypropylene, Polyvinyl Chloride, Polyethylene, Polystyrene, Polyethylene Terephthalate, Biopolymer , and Others) by End User (Food & Beverages, Healthcare, Personal Care, and Others) by Region (Asia Pacific, North America, Europe, Middle East & Africa, and South America) – Global Forecast From 2020To 2025, the global flexible plastic packaging market is estimated to reach USD 152.2 Billion in 2025 at a CAGR of 4.8% during forecast period 2020-2025.
  • Growing demand from end user and developments in the e-commerce sector are expected to drive the global flexible plastic packaging market during the forecast period
  • However, growing environmental concerns and fluctuating raw material prices are expected to hamper the market growth during the forecast period

Flexible Plastic Packaging Market

Global Flexible Plastic Packaging Market: Key Market Dynamics

  • Growing food & beverage industry has led to demand for flexible plastic packaging for maintaining food quality, safety, and shelf life which is expected to drive the market during the forecast period
  • The demad from the healthcare industry is also increasing due to the protection and promotion of products, and to meet new regulations is also a major factor boosting the market growth
  • Moreover, increasing middle-class population, growth in disposable income, customer-friendly & growing retail markets, increasing industrial outputs and strong exports have helped to boost the flexible plastic packaging market in the near future.
  • Increasing focus on innovative and cost-effective packaging materials is also expected to create new market opportunities for the key players
  • Plastic is the key raw material used for flexible plastic packaging. Crude oil is the only source to manufacture plastic and fluctuation prices of crude oil is the major challenge for the market growth

Global Flexible Plastic Packaging Market: Regional Overview

  • Asia-Pacific

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.

  • North America

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:

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:

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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Rep Id : CM 039

Published : 2020-01-29