Knowledge Sourcing Intelligence announces the publication of its new report on Global Flexible Packaging Market by Type (pouch, bags, films, and others), material (plastic, paper, and aluminum), end-user (food & beverage, personal care, pharmaceuticals, and others) and Geography. Global Flexible Packaging Market is projected to grow at a CAGR of 4.30% over the forecast period to be worth US$287.717 billion by the end of 2024. This growth is attributed to various factors such as the requirement of less raw material and energy to manufacture. However, the growth of the industry will be restrained stringent regulations regarding raw material and recyclability.
The Asia Pacific to lead the market growth:
Growing health awareness among consumers, especially in emerging economies like China and India, will boost the demand for innovative packaging solutions. Moreover, factors such as rising disposable income, improving standards of living, and population growth will augment the demand for flexible packaging solutions in the region over the next six years.
This report profiles some of the most promising players in the Flexible Packaging Market which include Amcor plc, Bemis Company, Inc., Constantia Flexibles Group GmbH, Sealed Air Corporation, Berry Global, Inc., Coveris Holdings S.A., Sonoco Products Company, Mondi Group, HuhtamäkiOyj, FlexPak Services LLC.
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https://www.knowledge-sourcing.com/report/flexible-packaging-market
Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision-makers. The services offered by us help companies to gain the required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Packaging, and Healthcare among others cater to diverse client needs.
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