The global flexible packaging market is projected to grow at an approximate CAGR of 4.81% during the forecast period of 2018-2026. The use of flexible packaging material in the food and beverage industry and the growing popularity of modified atmosphere packaging are the key drivers for this market.
The Flexible Packaging market is segmented on the basis of raw materials, application, type and printing technology. The market by raw materials is segmented into paper, plastic, bioplastic and aluminum. The application of this market can be found in industries like food & beverage, cosmetics, pharmaceutical, and others. Market by type is segmented into stand-up pouches, flat pouches, rollstock, gusseted bags, wicketed bags and wraps. The printing technology segment of this market further includes flexography, rotogravure, digital printing and others.
Asia-Pacific accounts for the largest market share of the global flexible packaging market. The increasing demand for packaged food and disposable income of the consumers are the factors driving the regional markets. As a result, the market is also expected to rise with the highest CAGR by the end of the forecast period of 2018-2026. The other regional markets analyzed in this report are Europe, North America and rest of the world.
Some of the dominant market players in the Flexible Packaging industry Amcor Ltd, American Packaging Corporation, Amerplast, Proampac, Basf, Bemis Company Inc, Bischof & Klein Gmbh & Co. Kg, Bryce Corporation, Clondalkin, Constantia Flexibles International Gmbh, Coveris, Dai Nippon Printing, Eagle Flexible Packaging, Flextrus Ab (Part Of Ar Packaging Group), Huhtamaki Group, Innovia Films, Mondi Plc, Printpack, Schur Flexibles Group, Sealed Air Corporation, Showa Denko K.K, Solvay, Sonoco Products.