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Flexible Plastic Packaging Market by Type, Material, Printing Technology, Application And Region - Global Forecast to 2022

Flexible Plastic Packaging Market: Global Forecast until 2022

  • May 2017
  • 217 pages
  • ID: 4919723
In this report:
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According to the Packaging Machinery Manufacturers Institute, the import of packaging machinery increased by at least ##% in 2013 as compared to that of 2012, generating more demand from industries, such as food & beverage, healthcare, and cosmetics & toiletries, which further highlights the growth of the packaging industry.

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Increase in demand from the food & beverage sector to drive the industry for flexible plastic packaging

The overall market for flexible plastic packaging is forecasted to grow from ~$102.2B in 2017 to attain ~$131.6B by 2022, at an estimated compound annual growth rate of 5.20 percent. The flexible plastic packaging market is influenced by Elements such as rise in demand for sustainable packaging, rise in the sector demand for flexible packaging, profitability, and reduced packaging waste.

Elements such as increase in the market demand from the food & beverage market and preference for convenient packaging are driving the industry demand for flexible plastic packaging. Emerging sectors, including the Asia-Pacific area, have contributed to an growth in the application of flexible plastic packaging in packaging products. Stringent regulations is a restraining factor for the flexible plastic packaging market

Stand-up pouches segment, by category, forecasted to grow at the highest CAGR (Compound annual growth rate) during the outlook period

The thermoforming technology, by technology, is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022.

The growing demand from food packaging and e-commerce sectors is driving the expansion of stand-up pouches in the flexible plastic packaging market. It also offers Elements such as excellent printability, zipper re-closure, pour spouts, slider closures, release valves, and strong shelf presence. Stand-up pouches also offer high clarity and excellent barrier properties to the product enclosed within. They are increasingly being adopted by different markets for packaging their products, which include packaging of food, beverages, fertilizers, pet food, and cosmetics

APAC to benefit maximum traction during the estimate period

The Asia-Pac region is forecasted to be the quickest developing market during the outlook period, succeeded by South America area. In Asia-Pac, China (CN) is the biggest consumer for flexible plastic packaging, succeeded by India (IN). China (CN), with its increasing food & beverage, healthcare, and consumer goods sectors, is predicted to push the flexible plastic packaging market. India (IN), with its increasing inclination toward convenient products packaging, is anticipated to influence the flexible plastic packaging market in the Asia Pacific (APAC) area.

Distribution of primaries

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

• By Company category: Tier 1 - 31.0 percent, Tier 2 - 37.0 percent, Tier 3 - 32.0 percent

• By Description: C-suite - 65.0 percent, Grade of manager - 35.0 percent

• By Area: North America continent - 25.0 percent, Europe (EU) - 28.0 percent, Asia Pacific (APAC) - 22.0 percent, South America region - 10.0 percent, Middle East (ME) & African continent - 15.0 percent

Segment Research

The market research defines, segments, and projects the flexible plastic packaging market size on the basis of class, material, printing technology, application, and area. The market research examines competitive developments including acquisitions, business developments, new industry product developments, and analysis & growth activities in the flexible plastic packaging market.

This study will help the industry leaders (and new entrants) in the following points:

1. This document breaks down the flexible plastic packaging market comprehensively and offers the closest approximation of the revenue numbers 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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