The global flexible packaging market is projected to grow at a CAGR of 6.09% during the forecast period. As per the flexible packaging market research report, the global market for flexible packaging is projected to grow at a fast pace. According to analysts, increasing import and export activities around the world as well as the growth in the e-commerce sector will drive the market growth during the forecast period. The flexible packaging market research report offers a comprehensive analysis of the global flexible packaging market and its application, printing technology, product type, and material segments. The high cost of raw material along with inconsistency in pricing are the elements that could influence the flexible packaging market advancement throughout the forecast period. The flexible packaging market research report by expert analysts is developed to assist organizations in the flexible packaging market.
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The MRFR report highlights an inclusive segmental analysis of the global flexible packaging market based on application, printing technology, product type, and material.
By material, the global flexible packaging market is segmented into foil, aluminum, paper, plastic, and others. Of these, the plastic packaging segment will lead the market over the forecast period. Wide applications in the packaging in different end-use industries are adding to the growth of the segment.
By product type, the flexible packaging market is segmented into wraps, bags, pouches, and others. Of these, the pouch segment will dominate the market over the forecast period. The pouch segment comprises pillow pouches, retort pouches, and stand-up pouches.
By printing technology, the global flexible packaging market is segmented into digital printing, flexography, and others. Of these, the flexography segment will spearhead the market over the forecast period.
By application, the global flexible packaging market is segmented into personal care, pharmaceutical, food and beverage, and others. Of these, the food and beverage segment will have the lion's share in the market over the forecast period.
North America, Europe, Asia Pacific and the rest of the world regional market for flexible packaging are predominantly covered in the global flexible packaging market research report. Country-level flexible packaging markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level flexible packaging markets are covered in the report. In Asia-Pacific (APAC) region, the country-level flexible packaging markets covered are Japan, India, China, and others. The flexible packaging market research report also explores the regional market for flexible packaging present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The flexible packaging market research report also covers regional markets from the rest of the world alongside flexible packaging markets of Africa and the Middle East.
Increasing population and rapid industrialization are presumed to drive the flexible packaging market growth worldwide. The global flexible packaging market could be challenged by availability of substitutes, nevertheless, organizations in the flexible packaging market will carry the growth rate forward. The flexible packaging market research report presents company profiles of major companies active in the flexible packaging market globally. Furthermore, the global flexible packaging market report offers an all-inclusive analysis of the market collected from the flexible packaging market’s primary and secondary sources covering both decision makers and thought leaders. The flexible packaging market research report highlights such key areas assisting businesses operating in the flexible packaging market to build better growth strategies.
Key contenders profiled in the flexible packaging industry report include CLONDALKIN GROUP (The Netherlands), Reynolds (New Zealand), Berry Global Inc. (US), CONSTANTIA (Austria), Mondi (Austria), HUHTAMAKI GROUP (Finland), COVERIS (US), Sonoco Products Company (US), Sealed Air (US), and Amcor Limited (Australia), among others.
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The members of the Flexible Packaging Europe (FPE) association say in a recent statement that they are "very concerned" about the recent developments on the European polymer markets. Over a very brief time, manufacturers of flexible packaging have faced a growing number of declarations by the leading polymer manufacturers in Europe about "force major" or "maintenance" advertisements which generate sudden and significant shortages along with price increases in the supply chain, according to the authorities.
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