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Flexible Packaging Market by Material, Printing Technology, Type, Application - Global Forecast to 2021

Flexible Packaging Market: Global Forecast until 2021

  • May 2016
  • 278 pages
  • ID: 3866796
In this report:
According to Asian Development Bank, "China's middle-class population is estimated to increase from ##% of the population in 2010 to ##% in 2030." This growth in the number of middle-class households in line with the growing consumption of easy to use products will result into increased spending on flexible packaging.

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The overall market for flexible packaging is forecasted to grow from ~$98.0B in 2016 to ~$125.7B by 2021, at an estimated compound annual growth rate of ~5.1 percent from 2016 to 2021. The flexible packaging market is influenced by increasing end user industries including food & beverages, cosmetics & toiletries, healthcare, and others (household products, oil & lubricants, agricultural products, and sporting goods). Moreover, changing consumer lifestyles and increasing consumption of ready-to-eat and pre-made meals are the biggest factors leading to growth in demand for convenient flexible packaging which also increases the safety of food & beverage products.

"Retort pouches segment is expected to rise at the maximal level rate during the outlook period"

The retort pouches segment is expected to grow at the highest level rate among all pack types. This is primarily because of the increasing consumption of ready-to-eat meals and excellent barrier properties specified by retort pouches against oxygen, moisture, and other contamination. Nevertheless, the stand-up pouches segment is forecasted to account for the largest part of market share in 2021 owing to its several functional characteristics and eye-catching shelf appeal.

"Asia-Pac recorded for the biggest market share in 2015"

The overall flexible packaging market is broken down, region-wise, into North America continent, Europe (EU), Asia Pacific (APAC), Middle East (ME), and RoW. The Asia Pacific (APAC) area recorded for the biggest share among all the areas in 2015 and is expected to grow at the maximal rate from 2016 to 2021. This is primarily due to growing demand from end-user sectors from countries including China (CN), India (IN), and Japan (JP), along the increasing population and growing disposable income in these countries.

Key players' distribution profiles:

Primary Q&A were managed with a number of industry experts in order to gather info associated to various aspects of flexible packaging. The classification of primaries interviews is like:

- By Company Type: Tier 1 - 39.0 percent, Tier 2 - 37.0 percent, Tier 3 - 24.0 percent

- By Description: C-suite - 38.0 percent, D-level - 36.0 percent, Others - 26.0 percent

- By area: Europe - 37.0 percent, North america (NA) - 33.0 percent, Asia-Pacific - 15.0 percent, Rest of the World - 15.0 percent

This market report will facilitate the market top players/new sector entrants in the flexible packaging market in these ways:

1. This document breaks down the market for flexible packaging comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the distinct verticals and localities.

2. This business report will facilitate partners to comprehend the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out their players and obtain additional insights into their rank in the business sector.

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Related Market Segments :

Flexible Packaging

Printing

ref:plp2016

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