Global Flexible Plastic Packaging Market

The GMI Research predicts that the Flexible Plastic Packaging Market will perceive an increase in demand over the forecast period. This is because of the mounting preference of consumers towards ready-to-eat food items as well as online delivery, increasing usage by the e-commerce industry because of its strength, lighter weight, and recyclability.

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Introduction of the Flexible Plastic Packaging Market:

In accordance with the global flexible plastic packaging market report, Flexible plastic packaging includes distinct types of plastic material required to package different items. In other words, this type of material is used in various industries depending upon the application as well as the kind of product to be packaged. In addition, the prominent plastic material such as Polypropylene, Polyethylene, polystyrene, and polyvinyl chloride, etc., are normally used in the Flexible Plastic Packaging

Key Market Players:

• Mondi Group
• Huhtamaki Oyj
• Reynolds Group Holdings
• Coveris Holdings S.A.
• Amcor Limited
• Constantia Flexibles Group GmBH
• Sealed Air Corporation

Flexible Plastic Packaging Market Dynamics

The global flexible plastic packaging market approximated to be nearly USD 107.4 billion in 2016 and will touch 137.9 billion by 2021, indicating a growth rate of 5.1 % amid 2016-2021. Expansion in the market is mainly because of their advantages such as enlarged shelf life, the lighter weight of bags and pouches, and robust demand from enormous end-use sectors, primarily food and beverages. Thus, all these factors are energizing flexible plastic packaging market size. Besides this, the increasing preference of individuals towards user-friendly and convenient packaging with the soaring demand from the healthcare and food and beverage industry is complementing the market growth.

Material Segment Drivers

Based on the material, the market is subdivided into paper, bioplastics, plastic films, and aluminum foil. Amongst all these, the plastic films segment is projected to fuel at a higher compound annual growth rate over the coming years. As per the global flexible plastic packaging market industry analysis, the amplifying preference for plastic films across enormous end-use industries impelled the market growth.

Regional Drivers

As per the regional area, the Asia-Pacific region is speculated to capture the largest share in the market during the forecast period. This is mainly attributed to the intensified demand for ready-made and fast moving consumer goods by people, primarily across developing countries such as India and China.

Flexible Plastic Packaging Market Segmentation:

Segmentation by Type

• Stand-Up Pouches
• Flat Pouches
• Rollstock
• Gusseted Bags
• Wicketed Bags
• Wraps
• Others

Segmentation by Material

• Plastic Films
• Paper
• Aluminium Foil
• Bioplastics

Segmentation by Application

• Food & Beverages
• Healthcare
• Cosmetics & Toiletries
• Others

Segmentation by Region:

• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• North America
  • United States of America
  • Canada

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

About GMI Research

The market research and consulting enterprise proffers business perception and market research reports for various industries, including small, medium enterprises as well as large companies. The research team of GMI organisation and industry experts carry out market intelligence studies to certify and ensure that all material and factual information passes to extensive range of sectors which include Technology, FMCG, Healthcare, and Energy. The expertise team accumulates all the required information about the industry applying internal as well as external databases. The prime concentration of our team is to acknowledge clients with all the prospective circumstances and difficulties faced by different industrial verticals. Also, our by fits and starts support through vital and consultative services assist clients grasp a directorial and legislative decision. The research organisation got spotlighted in the list of Silicon Magazine as one of the most foremost market.

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