Flexible Plastic Packaging Market Expected to Collect 131.65 Billion USD by 2022
[215 Pages Report] MarketsandMarkets projects that the Flexible Plastic Packaging Market size will grow from USD 102.19 billion in 2017 to USD 131.65 billion by 2022, at an estimated CAGR of 5.2%. The flexible plastic packaging market is expected to witness a high growth due to factors such as an increase in middle-class population, growth in demand from the food & beverage and healthcare sectors, and preference for convenient packaging.
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The stand-up pouches segment is estimated to account for the largest share in 2022, mainly because of the growing consumption of food & beverage, dairy, and cosmetics products. Stand-up pouches are appealing as well as functional as they offer various features such as zipper re-seal, slider closure, and release valves. The growing healthcare industry also provides an opportunity to the market to grow further due to the rising consumption of over-the-counter products for which stand-up pouches are used, especially in the emerging markets of Asia-Pacific and South America.
Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Macro Economic Overview
8 Flexible Plastic Packaging Market, By Type
9 Flexible Plastic Packaging Market, By Material
10 Flexible Plastic Packaging Market, By Printing Technology
11 Flexible Plastic Packaging Market, By Application
12 Flexible Plastic Packaging Market, By Region
13 Competitive Landscape
14 Company Profiles
15 Appendix
The market ecosystem involves various stakeholders in the flexible plastic packaging market. It starts with the raw material suppliers such as Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Constantia Flexibles Group GmbH (Austria), Sealed Air Corporation (U.S.), and Huhtamäki Oyj (Finland), that are the manufacturing companies of the flexible plastic packaging. The next level in the chain involves the assembly team that is monitored by the manufacturers such as Coveris Holdings S.A. (U.S.), Sonoco Products Company (U.S.), Berry Plastics Group, Inc. (U.S.), Mondi Group (Austria), Reynolds Group Holdings (New Zealand), and Reynolds Group Holdings (Netherlands). It is followed by the marketing and sales of the finished products, which is only possible if an efficient distribution channel is developed. Finally, the end products are distributed to the consumers.
On the basis of key regions, the Flexible Plastic Packaging Market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia-Pacific region accounted for the largest share among all the regions in 2016 and is projected to grow at the highest rate from 2017 to 2022, in terms of value. This is mainly due to the increasing demand for flexible packaging in China and India, coupled with the growing food & beverage industry in these countries. Owing to the increasing disposable incomes, the urbanized population is shifting towards healthy and safe packaged foods. Therefore, rising income and consumption level would also lead to the growth of the flexible packaging market in this region.
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