Flexible Packaging Market

1. Flexible Packaging Market Latest Trends, Demand and Industry Analysis 2022 – 2028

2. Global Market Scenario of Flexible Packaging Industry Flexible packaging market is expected to exceed USD 390 billion by 2028. Rising consumer focus on product safety and convenient handling coupled with numerous advantages offered by product such as better strength quality, shelf-life enhancement of the packed product and low cost of manufacturing will propel industry growth. Some major findings of the flexible packaging market report include: Significant benefits including better maintenance of product quality and reduced environmental effects provide a positive outlook for product penetration. Furthermore, increasing consumer awareness pertaining to bio-based products and sustainable packaging practices will also support the flexible packaging market growth. Ability to address transportation issues including extreme temperatures, stressful handling practices and varied geological factors affecting the product can be prevented by the application of flexible packaging and it can provide better support in smooth supply chain will promote the product demand across industries.

3. Continue:- Strong demand for product due to its favourable properties such as an excellent durability, enhanced product adaptability and cost effectiveness has urged manufacturers to utilize them in the packaging and distribution sector. The flexible paper packaging is witnessing steady growth and is forecasted to reach over USD 10 billion by the end of 2028. Owing to its recyclability and biodegrdable nature the industry will potentially observe a growth above 4% in the forecast timeline. The industrial flexible packaging market is forecasted to achieve a market revenue over USD 18 billion by 2028 with CAGR growth of 4.5% in the projection timeframe. The growing trend of sustainability, buoyed by legislation across various countries, has driven the demand for recycling and reusability in the industrial packaging sector which supports the flexible packaging market. Regulatory compliance from government & non-government organizations to minimize synthetic preservatives and additives in product preparations will fuel the use of smart flexible packaging market growth. Government initiatives to support the industries by providing subsidies for organic & bio-based products are key factors driving the industry size.

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5. 360° Industry Analysis Request for customization:https://www.gminsights.com/roc/1145 Some of the key market players manufacturing flexible packaging are Bemis, Ampac holdings LLC, Amcor Limited, Constantia Flexibles GROUP Gmbh, Sonoco Products Company, Mondi Group, Schur Flexibles, Flair Flexible Packaging Solution, SüdpackVerpackungen, Cellpack Packaging and Berry Plastic Group. Asia Pacific has acquired a significant share in the global flexible packaging market in 2021 and is estimated to grow at highest CAGR during forecast period. As per market trends & analysis, flexible packaging market from stand-up pouches is anticipated to grow at a CAGR of over 5.5% during the forecast period. The projected sales to be achieved by 2028 from this product is more than USD 120 billion. The rise in packaged food demand combined with the ease of handling and cost-effectiveness of stand-up pouches is propelling the global stand-up pouches market forward. Furthermore, factors, such as aesthetic appeal and increased demand from end-use industries, such as food & beverages, personal care, and pharmaceuticals, are expected to drive the stand-up pouches market growth during the forecast period.

6. Competitive Analysis: According to the industry research, the flexible packaging market form personal care application is expected to surpass USD 78 billion with a CAGR over 5% in the forecast timeframe. Personal care packaging is important in product marketing as it adds visual appeal and displays relevant product information. Rapid economic growth and increased disposable income have resulted in changing lifestyle patterns, resulting in increased consumption of personal care products, fueling the flexible packaging market growth. The increasing production of the personal care products including cosmetics have also lifted the demand for product packaging of the flexible nature to adapt easily with the artistic product designs and offer structural strength to the fragile products. These traits offered by the flexible packaging will promote the market demand in the forecast timeline. According to industry analysis, North America flexible packaging market is anticipated to hold a substantial share of over 18% by 2028 in the global market. North America is highly promoting flexible packaging in the region owing to their benefits in food, pharmaceutical, and healthcare sectors. Further, Flexible packaging promote adaptability, sustainability and cost effectiveness leading to increased implementation across varied industry segments.

7. Title Latest Research Report On Flexible Packaging Market@ https://www.gminsights.com/industry-analysis/flexible-packaging-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/1145 Request for customization: https://www.gminsights.com/roc/1145

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