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Global flexible plastic packaging market is expected to display an upward trend by growing at a CAGR of 4.22% and 3.68%, in terms of revenue and volume respectively during the forecasting period of 2019-2027.
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Flexible Plastic Packaging Market 2019-2027
MARKET OUTLOOK o Theglobalflexibleplasticpackagingm arketisexpected toprogressw ithaC A G Rof4.22%and3.68%,interm sof revenueandvolum erespectivelyduringtheforecasting periodof2019-2027. o Som eofthefactorsthatareresponsiblefordrivingthe flexibleplasticpackagingm arketarecostviabilityand expanded period of usability, im provem ents in global consum er goods m anufacturing m iniaturizationofpackaging,andrisinginterestfromthe consum erend. activities, o M ajor challenges faced by this m arket are the recyclabilityissuesofplastic
REGIONAL OUTLOOK • N orthA m erica,E urope,A sia-Pacific,L atinA m erica,andtheM iddleE ast &A fricaareregionalsegm entscoveredfortheglobalflexibleplastic packaging m arket. The A sia-Pacific leads the m arket and has the largestm arketshare. • Thisregionisalsopredictedtobethefastest grow ingregionandis leadingthem arketow ingtothegrow ingdem andforflexiblepackaging andthedevelopm entinthefood&beverageindustry.
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COMPETITIVEOUTLOOK M ajor players that are engaged in this m arket include H uhtam äki OYJ, L inpac G roup L im ited (acquired by the K löcknerPentaplast G roup), U niversal Plastic, SealedA ir C orporation, C onstantia Flexibles G roup G m bH , Sonoco Products C om pany, Reynolds C onsum er Products Inc. (subsidiary of ReynoldsG roupH oldingsL im ited), C overis H oldingsS.A .,C londalkinG roupH oldingsB V,B erryPlastics G roupInc.,M acoPK G ,A m corL im ited,PrintpackInc.,M ondi G roup,andB em isC om panyInc.D etailedinform ationabout thesecom panieshasbeenprovidedinthisreport.
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