Packaging involves technology and science to envelope and protect products for purpose of storage, sales, distribution, and usage. Flexible packaging have bypassed rigid packaging due to technology advancement, low cost and low material consumption. Flexible packaging typically used in consumer products and industry applications includes packaging made up of easily accommodating materials such as paper sheet, film, or foil which when filled and sealed, adapts the shape of product and ensures it safety. It involves pouches, bags, wraps, envelopes, sachets, etc.,
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Advantage of Flexible packaging is that there is less use of natural resource there by making it ecofriendly in nature. Due to innovation and technology major growth indicator for Flexible packaging market are food processing industry, pharmaceutical industry, and medical industry. Flexible packaging market is fastest growing segment of overall packaging market because of versatility, innovation, efficiency and sustainability adding value to food and non food products. Key factors affecting the preference for flexible packaging are appealing display,cost, and filling speed.
One of the major restraints of this market is reliability of package. Such package lacks strength and are inconvenient for users as they are usually difficult to reseal when being opened. Also factors to be taken into account are barrier protection,re-use, recycling. Also it is mandatory to know about regulatory requirement for manufacture, use and sale of packages. The market is increasingly investing in modern equipment to meet needs of a rapidly growing retail sector.
Asia is expected to be fastest growing market for flexible packaging sector in near future. Changing lifestyle has stimulated the growth of ready to cook and ready to eat foods. Thus advancing the growth in food processing industry. America is largest consumer of flexible packaging followed by Europe.
Some of the key manufacturers and distributors of flexible packages are Alcan Pkg, Sealed Air Corp, Exopack, Bemis Co. , Aloca Flexible, American Packaging Corp, Printpack, Beacon Converters.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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