Triton Market Research presents their global flexible packaging market report segmented by raw material, application, type, printing technology and by geographical region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - discussing Industry Value Chain Analysis, Porter's 5 Force Analysis, Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2019-2027).
Triton Market Research expects the global flexible packaging market to witness a compound annual growth rate of 4.22% and 3.68% by revenue and volume respectively during the forecast period of 2019-2027. The market growth is propelled by factors like rising packaged food demand, cosmetic industry growth, rapid growth in the global pharmaceutical industry, preference of flexible packing over rigid packaging materials and reduced carbon footprints.
By the end of 2027, the flexible packaging market is expected to witness significant growth owing to factors such as the surge in demand for high-barrier flexible plastics and the growing demand for small-sized packs which is more apt for space allocation. However stringent environmental regulations for flexible plastic packaging might challenge the market expansion over the projected years. Plastic flexible packaging constitutes the largest share in the global flexible packaging market’s revenue. The reason for this can be attributed to the increasing demand for FMCG products and the fact that plastic packaging is so malleable in nature. According to the Plastics and Chemicals Industries Association (PACIA), approximately 223,000 tons of LDPE packaging was consumed in various end-use industries between 2014 and 2015.
The Asia Pacific market is the largest regional market in the global flexible packaging sphere, both in terms of volume and revenue in the global market. On-the-go’ lifestyle of consumers and growing disposable income are among the various factors that contribute to this region’s growth. One of the largest packaged food markets across the world is China. Subsequently, it is also the leading manufacturer of plastic. Other flexible packaging markets in this region include countries such as Japan, Philippines, Australia, Indonesia, and South Korea etc. Triton Market Research has provided a detailed analysis of this region along with compiling market data from other regions like Asia-Pacific, Europe and the Middle East and Africa in its global flexible packaging market report.
Triton Market Research has profiled some of the leading companies engaged in orthopaedic markets. Some of these leading companies include Amcor Ltd, American Packaging Corporation, Amerplast, Proampac, Basf, Bemis Company Inc., Bischof & Klein Gmbh & Co. Kg, Bryce Corporation, Clondalkin, Constantia Flexibles International Gmbh, Coveris, Dai Nippon Printing, Eagle Flexible Packaging, Flextrus Ab (Part Of Ar Packaging Group), Huhtamaki Group, Innovia Films, Mondi Plc, Printpack, Schur Flexibles Group, Sealed Air Corporation, Showa Denko K.K., Solvay, Sonoco Products Company, Südpack, Taghleef Industries, Ukrplastic and Wipak Group.
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