Flexible Lid Stock Packaging Industry| COVID-19 Analysis

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The ready-to-consume food trend that is gaining traction is expected to create a favorable outlook for the progress of the flexible lid stock Packaging Industry. The increased income levels in the end-user base are expected to bolster the market for flexible lid stock packaging further.

Segmental Analysis

The segmental investigation of the flexible lid stock Packaging Industry is conducted on the basis of type, application, and region. On the basis of types, the flexible lid stock Packaging Industry is segmented into aluminum foil, paper, polymer films, and others. Based on the application, the flexible lid stock Packaging Industry is segmented into chemicals, personal care, food & beverages, health care, and others. On the basis of regions, the flexible lid stock Packaging Industry is segmented into Europe, North America, Asia Pacific and other regions in the world.

Regional Analysis   

The regional assessment of the flexible lid stock Packaging Industry contains regions such as Europe, North America, Asia Pacific, and other regions in the world. The Asia Pacific region is anticipated to direct the flexible lid stock Packaging Industry owing the upturn in disposable income levels globally in emerging economies such as India and China. The other factors backing the growth of the market are suitable handling and the increasing trend of smaller households, which chiefly use products stored in small flexible lid stock packages in the region.

Competitive Analysis

The significant companies in the flexible lid stock Packaging Industry are Bemis Company, Inc. (U.S.), Berry Plastics Corporation (U.S.), EP Industries Ltd. (Alfreton, England), Sonoco Products Company (U.S.), Wipak Germany GmbH (Germany), Amcor Ltd. (Australia).

Industry Updates:

June 2019 Fortis Solutions Group, a printing and packaging firm, has attained US-based flexible packaging firm Label Technology. Label Technology presents various solutions such as pressure-sensitive labels and stand-up pouches for many industries, such as food, nutraceutical, natural products, cosmetic and health markets. The company expects the merger to provide new prospects to its employees and customers.