Flexible Packaging Market Trends| COVID-19 Impact

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Segmentation:

By material, the global Flexible Packaging Market Trends has been segmented into plastic, paper, aluminum, and others.

By technology, the global Flexible Packaging Market Trends has been segmented into flexography, digital printing, and others. The flexography segment is projected to emerge as the fastest growing segment reflecting a CAGR of 5.59% over the assessment period.

By application, the Flexible Packaging Market Trends has been segmented into food & beverage, pharmaceuticals, personal care, and others. Among these, the food & beverage segment is presumed to signify immense growth opportunities owing to the changing food pattern in the fast-developing economies such as China and India among others. The segment is likely to strike a CAGR of 6.12% during the forecast period.

Regional Analysis:

The global Flexible Packaging Market Trends, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is a major market for flexible packaging. The boom witnessed in the packaging industry is likely to favor market expansion over the review period. Also, the growth of the end-user industries such as pharmaceuticals, food & beverage, etc. are anticipated to propel the proliferation of the Flexible Packaging Market Trends in the years to come. Asia Pacific is also forecasted to exhibit positive growth owing to the presence of fast-developing economies such as China and India.

Competitive Dashboard:

The important players of the Flexible Packaging Market Trends profiled in this MRFR report are Amcor Limited (Victoria), Mondi Group (Johannesburg), Constantia Flexibles Group GmbH (Austria), Bemis Company Inc. (U.S.), Sealed Air Corporation (North Carolina), Coveris Holdings S.A. (U.S.), Sonoco Products Company (U.S.), Huhtamaki Group (Finland), and Ampac Holdings LLC (U.S.).

Industry News:

In April 2019, Huhtamaki, a food, and drink packaging company, has announced the launch of a new range of recyclable flexible packaging, blueloop, made of mono-material PP, PE, and paper.

In April 2019, Tekni-Plex, developer and manufacturer of innovative packaging materials, has entered into an agreement for the purchase of three manufacturing facilities from Amcor’s Flexible Packaging business unit.

In April 2019, ePac Flexible Packaging, a flexible packaging company, has announced its plan of expansion in Europe.