Flexible Plastic Packaging Industry| COVID-19 Impact Analysis

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Segmental Analysis

The segmental analysis of the flexible plastic packaging industry is carried out on the basis of printing technologies, types, regions, and applications. On the basis of product type, the Flexible Plastic Packaging Industry consists of gusseted, flat pouches, stand-up pouches, bags, and others. Based on the printing technology, Flexible Plastic Packaging Industry has been segmented into digital printing, flexography, and others. Additionally, based on the applications the Flexible Plastic Packaging Industry is segmented into pharmaceuticals, food & beverages, personal care, among other industries. Based on the regions, the Flexible Plastic Packaging Industry comprises of Asia Pacific, Europe, North America and rest of the world.

Competitive Analysis

The monetary inflows in the market are being directed towards increasing the innovations in the core product offering offered in the market so that the growth doesn’t stagnate in the forthcoming period. The reduction in the barrier to trade is expected to offer new areas for growth in the upcoming years. Also, the competition being observed in the market is not detrimental to the individual player’s development in the market. The market has developed an incremental pace in the past few years, which is highlighted by the achievements in terms of valuation. The development of the resources needed to sustain against competition has improved greatly leading to an unprecedented growth rate. The intensification of investors in the market has played a pivotal role in the progress of the market. The governments around the world have also played a substantial role in the growth of the market in recent years.

The foremost contenders operating in the Flexible Plastic Packaging Industry globally are Sealed Air Corporation (North Carolina), Constantia Flexibles Group GmbH (Austria), Amcor Limited (Victoria), Mondi Group (Johannesburg), Sonoco Products Company (U.S.), Huhtamaki Group (Finland), Coveris Holdings S.A. (U.S.), Bemis Company Inc. (U.S.) and Ampac Holdings LLC (U.S.) to name a few.

Industry Updates:

Aug 2019 BOBST is combining forces with Dow, Brückner Maschinenbau, Hosokawa Alpine and Elba who are pioneering companies in the industry to offer advanced solutions in high barrier flexible packaging by utilizing a new group of polymers to attain mono-material packaging intended for recyclability.