Flexible packaging usually refers to the packaging whose shape can be changed readily. Flexible packaging is primarily made of plastics, paper, or aluminum foil and used to enhance the product's shelf life and provide protection. Flexible packaging such as bags, pouches, and wraps find application in Food and Beverage, Pharmaceutical, Personal Care, and other end-use industries. In addition, the production of flexible packaging exhibits sustainable advantages such as reduced greenhouse gas emissions and effective resource conservation.
The "Global Flexible Packaging Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the flexible packaging market with detailed market segmentation by type, material, technology, application, and geography. The report provides key statistics on the market status of the leading flexible packaging market players and offers key trends and opportunities in the market.
- Based on type, the global flexible packaging market is segmented into bags, wraps, pouches, rollstock, others.
- Based on material, the global flexible packaging market is segmented into plastic, aluminum foil, others.
- Based on technology, the global flexible packaging market is segmented into flexography, rotogravure, digital printing, others.
- Based on application, the market is bifurcated into food, beverage, pharma & health care, personal care & cosmetics, others.
- Growing preferences of both consumers and manufacturers towards convenience products and improved shelf-life of products
- Increasing demand for sustainable packaging
- Inadequate and outdated infrastructure facilities for recycling
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The flexible packaging market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the flexible packaging market in these regions.
IMPACT OF COVID-19 ON FLEXIBLE PACKAGING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the flexible packaging market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from flexible packaging market are anticipated to lucrative growth opportunities in the future with the rising demand for flexible packaging in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flexible packaging market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
1. Transcontinental Inc.
2. FlexPak Services
3. KM Packaging Services Ltd.
4. UFlex Limited
5. OMNIPACK S.L.
7. CONSTANTIA FLEXIBLES
10. Pouchfill Packaging LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.