Flexible Packaging Market Overview:

A large amount of primary and secondary research was done for the Flexible Packaging market analysis by a research team. Secondary research was carried out to supplement the available data, segment the market, estimate the total market size, and project market size and growth rate.

Convenience is one of the key factors contributing to the rise in the popularity of flexible packaging. Current trends in flexible packaging are expected to shape the packaging sector in the near future. Consumer expectations, legal requirements and innovative technologies are driving the packaging sector. High-performance PU adhesives are expected to contribute enhanced sustainability in flexible packaging. Fast-curing, easy-to-use PU lamination adhesives supports manufacturers to accelerate their processes and stay competitive in the fast-paced flexible packaging market.

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Health and food safety trends: Drive demand for Reliable, Safe Materials for Packaging

Food contact materials have stringent legal requirements. With the growing consumer, brand owners are focusing to deploy suitable solution for maximized health and food. The standards and regulations are expected to become even stricter in the future, which drives the demand for packaging for food products. In the future, to offer healthy and safe food deployment and improve the quality, freshness and safety of food products, value chain from raw material suppliers to brand owners need to collaborate to create packaging solutions. The demand growth for healthy and safety food drives the growth of flexible packaging market.

Flexible Packaging Market Regional Analysis:

With more than 40% of the global market share, Asia is predicted to hold the leading position in the flexible packaging market today. Rapid urbanisation, a high penetration of online shopping, and a rise in the popularity of ready meals and smaller packaging units are some of the key drivers of market expansion. In the Asia Pacific region, it is anticipated that multilayer plastics will account for more than 70% of the market for food packaging. Asian consumers are becoming more environmentally conscious. It is anticipated that a business model innovation will boost profitability and fend off rivalry. By offering socially conscious products without compromising convenience, major market participants are expected to develop new business strategies to capitalise on significant opportunities in new markets.

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Flexible Packaging Market Key players:

Berry Global Inc.
Amcor Plc
FlexPak Services LLC
Mondi Group
Sealed Air Corporation
Constantia Flexibles Transcontinental Inc.
Coveris Holding SA
COVID-19 Impact on Flexible Packaging market:

The outbreak of COVID-19 has had a significant impact on the Flexible Packaging market. The development of Flexible Packaging production facilities has been halted due to the global economic downturn and a labour shortage. COVID-19 pandemic has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered employee visits, limiting the Flexible Packaging market's growth in 2020. However, given the high demand for Flexible Packaging, COVID-19's market effects are expected to be transitory. The industry is expected to recover completely by early 2021.

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Stellar Market Research is a market research and consulting firm that provides syndicated and custom research reports in addition to consulting services. The main goal of the company's products is to assist businesses in identifying, focusing on, and analysing changes in consumer behaviour across demographics and industries to assist them in making better business decisions. In order to provide relevant and fact-based research, the company conducts market intelligence studies in a variety of industries, including healthcare, touch points, and energy. With experience in many different industries, Stellar Market Research has a sizable staff of highly qualified analysts. Clients can gain a competitive advantage over their rivals thanks to the company's subject-matter expertise and capacity to provide a workable solution to any research problem.

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