Flexible Packaging Market Will Reach USD 243.7 Billion by 2023

Flexible Packaging Market By Material (Plastics, Paper, Aluminum Foil, Bioplastics), Design Type (Stand-Up Pouch, Spouted Pouch, Gusseted Bags, Rollstocks, Blisters, Wraps)- Global Opportunity Analysis And Industry 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.

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. Wherein, geographically, Asia Pacific commanded the largest share in this market followed by North America. The major share of Asia Pacific is mainly attributed to large population base, increase in packaged food consumption, growing organized retail and the boom in E-Commerce, growing economies, growing disposable income, and favorable regulatory reforms.

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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). Wherein, among materials, plastic segment commanded the largest share in the global flexible packaging market in 2017. The large share of this segment is mainly attributed to the cost effectiveness and low moisture transmission rate of plastics as compared to other materials; its distinctive attributes such as flexibility, sustainability, and light weight; ability to be used by all industries irrespective of their scale of operations; and ease of reuse and recyclability.

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.).

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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

10.1.1. Business Overview

10.1.2. Financial Overview

10.1.3. Product Portfolio

10.1.4. Strategic Developments

10.2. Bemis Company, Inc.

10.2.1. Business Overview

10.2.2. Financial Overview

10.2.3. Product Portfolio

10.2.4. Strategic Developments

10.3. Sonoco Products Company

10.3.1. Business Overview
10.3.2. Financial Overview
10.3.3. Product Portfolio
10.3.4. Strategic Developments

10.4. Berry Plastics Group, Inc.

10.4.1. Business Overview
10.4.2. Financial Overview
10.4.3. Product Portfolio
10.4.4. Strategic Developments

10.5.Mondi Group

10.5.1. Business Overview
10.5.2. Financial Overview
10.5.3. Product Portfolio
10.5.4. Strategic Developments

10.6. Reynolds Group Holdings Limited

10.6.1. Business Overview
10.6.2. Financial Overview
10.6.3. Product Portfolio
10.6.4. Strategic Developments

10.7. Clondalkin Group Holdings B.V.

10.7.1. Business Overview
10.7.2. Financial Overview
10.7.3. Product Portfolio
10.7.4. Strategic Developments

10.8. Amcor Limited

10.8.1. Business Overview
10.8.2. Financial Overview
10.8.3. Product Portfolio
10.8.4. Strategic Developments

10.9. Huhtamaki Group

10.9.1. Business Overview
10.9.2. Financial Overview
10.9.3. Product Portfolio
10.9.4. Strategic Developments

10.10. Coveris Holdings S.A.

10.10.1. Business Overview
10.10.2. Financial Overview
10.10.3. Product Portfolio
10.10.4. Strategic Developments

10.11. Sealed Air Corporation

10.11.1. Business Overview
10.11.2. Financial Overview
10.11.3. Product Portfolio
10.11.4. Strategic Developments

11. Appendix

11.1. Questionnaire
11.2. Available Customization.

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