Flexible Packaging Market Trends| COVID-19 Analysis

[sagar]

The global Flexible Packaging Market Trends is expected to rise to a valuation of USD 397.44 billion by 2025, according to the latest report from Market Research Future (MRFR). The global Flexible Packaging Market Trends is mainly driven by the growing demand for flexible packaging from the food and beverage, pharmaceuticals, personal care products, and other consumer-centric fields.

Segmentation:

The global Flexible Packaging Market Trends has been segmented based on material, product type, printing technology, application, and region.

On the basis of product type, the global Flexible Packaging Market Trends has been segmented into pouches, bags, wraps, and others. The pouches segment is likely to dominate the global Flexible Packaging Market Trends over the forecast period.

On the basis of printing technology, the global Flexible Packaging Market Trends has been segmented into flexography, digital printing, and others. 

On the basis of application, the global Flexible Packaging Market Trends is segmented into food & beverage, pharmaceutical, personal care, and others. 

Regional Analysis:

The growing demand for packaged food is likely to be a key driver for flexible packaging, as consumers in urban centers in Asia Pacific have become major revenue generators for the food and beverage industry, necessitating flexible packaging to package and carry fresh food and beverages. This is likely to remain a major driver for the Flexible Packaging Market Trends in Asia Pacific over the forecast period. China, Japan, and India are likely to remain the major players in the Flexible Packaging Market Trends in Asia Pacific over the forecast period.

The pharmaceuticals industry is a major consumer of flexible packaging in North America, as the growing prevalence of lifestyle diseases in the region has led to a growing demand from the pharmaceuticals sector. On the other hand, the growing demand for packaged food and beverages in the region is also likely to be a major driver for the Flexible Packaging Market Trends in the region over the forecast period. The growing fast food industry in North America and Europe is likely to be a key driver for the Flexible Packaging Market Trends over the forecast period.