In-depth analysis and data-driven insights on the impact of COVID-19 included in this global flexible packaging market report.
The flexible packaging market is expected to grow at a CAGR of over 4% during the period 2020−2026.
Key Highlights Offered in the Report:
Key Offerings:
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Flexible Packaging Market – Segmentation
Flexible Packaging Market by Material
Flexible Packaging Market by Application
Flexible Packaging Market by Consumer Flexible Packaging End-users
Flexible Packaging Market by Product Type
Flexible Packaging Market by Printing Type
Flexible Packaging Market – Dynamics
Since plastic packaging has a higher share in the overall flexible packaging market, the environmental impact associated with the usage of plastic as a packaging material is also high. The pressure on the food and beverage, consumer goods, and pharmaceutical industries to reduce dependency on plastic is regularly increasing and the same has been passed on to packaging vendors. Sustainability is not limited to materials, but also extends to the production process, logistics, functionality, and end-use of expired products. Both buyers and suppliers of flexible packaging products are looking to make a positive impact on the environment. By 2030, the European Commission plans to ensure that all plastic-based packaging will be either reusable or recyclable. Currently, only around 30% of the plastic waste generated in Europe is collected to be recycled. The plan is the increase the collection to more than 40% by 2022 in the initial phase on a priority basis. However, it has been noticed that an increased amount of plastic waste was generated during 2020 due to the increased use of plastic bags, pouches, and other packaging material.
Key Drivers and Trends fueling Market Growth:
Flexible Packaging Market – Geography
The global flexible packaging market is dominated by APAC, Europe, and North America and accounted for more than 70% market share in 2020. The APAC market is largely volume-driven due to the growing retail landscape, along with organized growth of the packaging market. The organized retail and packaging market have been pushing for advanced packaging techniques to provide quality products that can sustain for longer duration. North America and Europe are two regions that are aware of more advanced packaging technologies and are the first to adopt new trends.
Flexible Packaging Market by Geography
Major Vendors
Other Prominent Vendors
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