[215 Pages Report] The Global Flexible Plastic Packaging Market was valued at USD 97.97 billion in 2016, and is projected to reach USD 131.65 billion by 2022, at a CAGR of 5.2%. The base year considered for the study is 2016 with the market size projected from 2017 to 2022. The primary objective of the study is to define, segment, and project the flexible plastic packaging market size on the basis of type, material, printing technology, application, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). In addition to this, the study analyzes competitive developments such as acquisitions, new product launches, expansions & investments, and research & development activities in the flexible plastic packaging market.

Request for free sample PDF brochure:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1271 

"Stand-up pouches segment, by type, to gain maximum share during the forecast period"

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.

"Plastic films segment of material is projected to grow at the highest rate during the forecast period"

Raw materials such as plastic films, aluminum foil, paper, and bioplastic are used for flexible packaging. Plastic films are further categorized into polyethylene, polypropylene, PVC, BOPET, EVOH, polyamide, and polystyrene. They offer excellent visibility to the product and provide secure and attractive packaging options. It is primarily used in the packaging of food & beverage products as it protects them from oxidation and also provides extended shelf life to the product.

"Asia-Pacific projected to be the largest share in the Flexible Plastic Packaging Market in 2022"

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.

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.

Early buyers will receive 10% customization on this report.

Don't miss out on business opportunities in Flexible Plastic Packaging Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow.

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1271

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441 
[email protected]