|
Home | Technology News Search Engine:
|
|
|
|
Home: Technology News:
|
|
|
(IT-NEWSWIRE.COM, May 08, 2019 ) The report "Flexible Plastic Packaging Market by Type (Stand-Up Pouches, Flat Pouches, Gusseted Bags, Wicketed Bags, Wraps, Rollstock), Material (Plastic Films, Paper, Aluminum Foil, Bioplastics), Printing Technology, Application, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from USD 102.19 Billion in 2017 to reach USD 131.65 Billion by 2022, at a CAGR of 5.2%.
Request for PDF sample report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1271
The global Flexible Plastic Packaging Market is witnessing a growth in demand, owing to the rise in manufacturing activities and growth in the demand for conveniently packaged products. The growth in the demand from the food & beverage industry also provides an opportunity for market growth, especially in the emerging Asia-Pacific and South American regions.
"Stand-up pouches segment, by type, to gain maximum share during the forecast period"
The stand-up pouches segment is estimated to account for the largest share in 2022, mainly because of the growing consumption of food & beverage, dairy, and cosmetics products. Stand-up pouches are appealing as well as functional as they offer various features such as zipper re-seal, slider closure, and release valves. The growing healthcare industry also provides an opportunity to the market to grow further due to the rising consumption of over-the-counter products for which stand-up pouches are used, especially in the emerging markets of Asia-Pacific and South America.
"Plastic films segment of material is projected to grow at the highest rate during the forecast period"
Raw materials such as plastic films, aluminum foil, paper, and bioplastic are used for flexible packaging. Plastic films are further categorized into polyethylene, polypropylene, PVC, BOPET, EVOH, polyamide, and polystyrene. They offer excellent visibility to the product and provide secure and attractive packaging options. It is primarily used in the packaging of food & beverage products as it protects them from oxidation and also provides extended shelf life to the product.
Don't miss out on business opportunities in Flexible Plastic Packaging Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1271
"Asia-Pacific projected to be the largest share in the Flexible Plastic Packaging Market in 2022"
On the basis of key regions, the Flexible Plastic Packaging Market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Asia-Pacific region accounted for the largest share among all the regions in 2016 and is projected to grow at the highest rate from 2017 to 2022, in terms of value. This is mainly due to the increasing demand for flexible packaging in China and India, coupled with the growing food & beverage industry in these countries. Owing to the increasing disposable incomes, the urbanized population is shifting towards healthy and safe packaged foods. Therefore, rising income and consumption level would also lead to the growth of the flexible packaging market in this region.
The major players include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Constantia Flexibles Group GmbH (Austria), Sealed Air Corporation (U.S.), Huhtamäki Oyj (Finland), Coveris Holdings S.A. (U.S.), Sonoco Products Company (U.S.), Berry Plastics Group, Inc. (U.S.), Mondi Group (Austria), Reynolds Group Holdings (New Zealand), and Reynolds Group Holdings (Netherlands). Companies have adopted strategies such as acquisitions, expansions, and new product launches to cope with the increase in demand in the emerging markets.
Request for free customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1271
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets™
Mr. Shelly Singh
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
Technology News Headlines
|
|
|
|
|
Technology Business Video Feed
|
|
More Technology Video Feeds
|
|
|
