According to MarketIntelReports’ “Global Flexible Packaging Market 2017-2021”:
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Flexible packaging protects the contents and provides advantages of lower weight and a better performance. There is less scope for contamination in this type of packaging. The flexible packaging film can also be stored and handled easily, which makes the transportation of goods efficient. The Flexible Packaging Market has created a lot of competition in the consumer goods industry in the past few years. Packaging materials are now used to pack precooked and processed foods, as a well as improve the aesthetic appeal of the product. Foods and beverages can be stored for a long time in this manner.
Scope & Regional Forecast of the Flexible Packaging Market
Growing use of packaging services due to requirement of less raw material and lightweight nature will drive the demand for the Flexible Packaging Market. But the volatility of the prices of the raw materials will restrict the growth of the industry.
Growing lifestyles and sustainability trend have resulted in the development of industrial packaging in sectors like cosmetics, foods, and beverages. Europe will dominate the market in the forecast period. North America may witness restricted growth.
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Growing disposable incomes and new product launches in China and India will bolster the growth of cosmetics which in turn aids the growth of packaging specialities. Bioplastics is a raw material which is used in flexible packaging. Increasing demand for bio based PLA films in the bakery, confectionery, and snack packaging applications drives the demand for product packaging solutions in the years to come.
Manufacturers of the packaging products have been trying their best to produce different designs for different requirements, since every retail chain follows packaging in a different manner. Merchants are now demanding good packaging which has less shelf space and increases shelf life of the products.
Segmentations & Key Players Involved in the Flexible Packaging Market
The Flexible Packaging Market can be broken down into various segments as follows:
Region- Americas, APAC, EMEA.
Some of the key players involved in the Flexible Packaging Market are as follows:
• Bemis Company
• Berry Global
• Sealed Air
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