Flexible Packaging Market Will Reach USD 243.7 Billion by 2023 Courtesy Downgauging of Plastic Films: Meticulous Research®

Flexible Packaging Market By Material (Plastics, Paper, Aluminum Foil, Bioplastics), Design Type (Stand-Up Pouch, Spouted Pouch, Gusseted Bags, Rollstocks, Blisters, Wraps) - Global Forecast to 2023

Flexible packaging market has shown considerably strong growth pattern in recent year’s majorly due to the shift from traditional rigid packaging to flexible packaging, downgauging of the plastic films, increasing consumer focus on sustainable and convenient packaging, and growing food losses and wastes. Further, the growing adoption of specialty films, proliferation of bio-based plastics, shift in food service from frozen to MAP packaged products, and falling crude oil prices will provide attractive opportunities for the growth of flexible packaging market across the globe.

Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/download-sample-report/cp_id=4220

Meticulous Research® in its latest publication on flexible packaging market states that the global flexible packaging market will increase at a CAGR of 3.7% from 2018 to 2023 to reach USD 243.7 billion by 2023.

The plastic is widely used in packaging of high commodity goods and services with high volume and low margin ratio. Using thicker gauge of plastic film in packaging means greater usage of stretch film and more consumption of raw materials. The process of plastic packaging is expensive, not only from revenue point of view, but also in terms of environmental impact. Downgauging of the plastic film emerged as a solution to reduce the amount of raw material used in the product packaging while maintaining the quality of the product, which results in higher savings and less material waste. The adoption of downgauging process helps in saving the resources and energy compared to the other types of packaging. It uses less space during transportation unlike rigid packaging, thus, reducing the cost needed in transportation. Also, the environmental impact of thicker plastic films inclines the customers towards thinner plastic films. Furthermore, the cost of product packaging has significantly reduced with the adoption of downgauging by replacing less-desirable materials by the manufacturing and packaging companies.

The packaging companies are focusing on developing new downgauging processes and technologies, mostly on plastic films, to reduce the film thickness and improve the permeability without altering the quality of the packaged product. This has resulted in reduction in the amount of materials used in the packaging process, which is likely to propel the market growth. For instance, recently, Wipak Walsrode GmbH & Co. KG has refined its downgauging technology to further improve its super thin and sustainable „SC Plus‟ coextrusion film. SC Plus offers more than 40% reduction in CO2 emissions and is available in 50 – 150 microns thick and uses 25% less resources than conventional film.

The report provides meticulous analysis of global flexible packaging market by segmenting it on the basis of material (plastics, paper, aluminum foil, bioplastics, and recycled cellulose fiber), design (pouches, bags and trays, rollstocks, squeezable bottles, blisters, and wraps), industry verticals (food and beverages, pharmaceuticals, household and personal care, tobacco products, industrial and chemical products, and oil and lubricants).

The key players analyzed in the global flexible packaging market are Amcor Limited (Australia), Berry Plastics Inc. (U.S.), Constantia Flexibles Group GmbH (Austria), Bemis Company, Inc. (U.S.), Sonoco Products Company (U.S.), Mondi Group (Austria), Reynolds Group Holdings Limited (New Zealand), Clondalkin Group Holdings BV (The Netherlands), Huhtamaki Group (Finland), Coveris Holdings S.A. (Luxembourg), and Sealed Air Corporation (U.S.).

Browse in-depth Report on : https://www.meticulousresearch.com/product/flexible-packaging-market/

Key Topics Covered in This Report:

1. Introduction
1.1. Market Ecosystem
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation

3. Executive Summary

4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Downgauging of Plastic Films
4.2.2. Shift from Traditional Rigid Packaging to Flexible Packaging
4.2.3. Increasing Consumer Focus on Convenience and Sustainability
4.2.4. Growing Food Losses and Wastes
4.2.5. Improving Barrier Properties
4.3. Restraints
4.3.1. Stringent Government Regulations
4.3.2. Increasing Raw Material Prices
4.4. Opportunities
4.4.1. Growing Adoption of Specialty Films
4.4.2. The Proliferation of Bio-Based Plastic Films Imply a Promising Growth for the Flexible
Packaging Materials
4.4.3. Shift in Food Service from Frozen to Map Packaged Products
4.4.4. Falling Crude Oil Prices
4.4.5. Emerging Markets
4.5. Challenges
4.5.1. Inefficient Filling System
4.5.2. Recyclability
4.6. Market Share Analysis, by Key Players
4.7. Industry Composition-Supply Chain

5. Global Flexible Packaging Market, by Material Type
5.1. Introduction
5.2. Plastics
5.2.1. Polyethylene (PE)
5.2.2. Polypropylene (PP)
5.2.3. Polyethylene Terephthalate (PET)
5.2.4. Polyvinyl-Chloride (PVC)
5.2.5. Polystyrene (PS)
5.2.6. Others
5.3. Paper
5.4. Aluminum Foil
5.5. Bioplastics
5.6. Recycled Cellulose Fiber

6. Global Flexible Packaging Market, by Design Type
6.1. Introduction
6.2. Pouches
6.2.1. Standup Pouches
6.2.2. Flat Pouches
6.2.3. Spouted Pouches
6.3. Bags and Trays
6.3.1. Gusseted Bags
6.3.2. Wicketed Bags
6.4. Rollstocks
6.5. Squeezable Bottles
6.6. Blisters
6.7. Wraps

7. Global Flexible Packaging Market, by Industry Vertical
7.1. Introduction
7.2. Food and Beverages
7.3. Medical and Pharmaceuticals
7.4. Home & Personal Care
7.5. Tobacco Products
7.6. Industrial & Chemical Products
7.7. Oil & Lubricants

8. Global Flexible Packaging Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. India
8.4.3. Australia
8.4.4. Japan
8.4.5. Rest of Asia-Pacific
8.5. Rest of World
8.5.1. Latin America
8.5.2. Middle-East and Africa

9. Competitive Landscape
9.1. Introduction
9.2. Alliance and Acquisitions
9.3. New Product Launches
9.4. Partnerships, Agreements, and Collaborations
9.5. Expansion

10. Company Profiles
10.1. Constantia Flexibles Group GmbH
10.2. Bemis Company, Inc.
10.3. Sonoco Products Company
10.4. Berry Plastics Group, Inc.
10.5.Mondi Group
10.6. Reynolds Group Holdings Limited
10.7. Clondalkin Group Holdings B.V.
10.8. Amcor Limited
10.9. Huhtamaki Group
10.10. Coveris Holdings S.A.
10.11. Sealed Air Corporation

11. Appendix
11.1. Questionnaire
11.2. Available Customization

Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/download-sample-report/cp_id=4220


Table 1 Total Global Flexible Packaging Market: Impact Analysis of Market Drivers (2018-2023)
Table 2 Global Flexible Packaging Market Size, by Material Type, 2016-2023 (USD Billion)
Table 3 Global Flexible Packaging Market Size, by Plastic Type, 2016-2023 (USD Billion)
Table 4 Global Flexible Plastics Packaging Market Size, by Region/Country, 2016-2023 (USD Million)
Table 5 Global Flexible Polyethylene Plastic Packaging Market Size, by Region/Country, 2016-2023 (USD Million)
Table 16 Global Flexible Packaging Market Size, by Pouches, 2016-2023 (USD Billion)
Table 17 Global Flexible Packaging Pouches Market Size, by Country/Region, 2016-2023 (USD Million)
Table 18 Global Flexible Packaging Standup Pouches Market by Country/Region, 2016-2023 (USD Million)
Table 19 Global Flexible Packaging Flat Pouches Market by Country/Region, 2016-2023 (USD Million)
Table 20 Global Flexible Packaging Spouted Pouches Market by Country/Region, 2016-2023 (USD Million)
....to read more download TOC


Figure 1 Research Process
Figure 2 Key Executives Interviewed
Figure 3 Primary Research Techniques
Figure 1 Paper to Witness Significant Growth During the Forecast Period, 2018-2023
Figure 2 The Pouches to Experience a Subsequent Growth During the Forecast Period, 2018-2023
Figure 3 Where are the Opportunities for You?
Figure 20 Leading Adopters of Flexible Packaging
Figure 21 Major Factors Driving the Flexible Packaging Market, by Region
Figure 22 Global Flexible Packaging Market Share and Growth Overview, by Region
....to read more download TOC
Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/download-sample-report/cp_id=4220

Contact Info:
Name: Khushal
Email: Send Email
Organization: Meticulous Market Research Pvt. Ltd
Address: Pune,India
Phone: +91-744-7780008
Website: https://www.meticulousresearch.com/product/flexible-packaging-market/

Release ID: 88890031