Dec 12, 2018   SOURCE: BusinessWire

Flexible Packaging Market Research Report 2018 - Global Opportunity Analysis And Industry Forecast To 2023 - ResearchAndMarkets.com

The "Flexible Packaging Market By Material (Plastics, Paper, Aluminum Foil, Bioplastics), Design Type (Stand-Up Pouch, Spouted Pouch, Gusseted Bags, Rollstocks, Blisters, Wraps) - Global Opportunity Analysis And Industry Forecast To 2023" report has been added to ResearchAndMarkets.com's offering.

Global flexible packaging market is expected to reach USD 243.7 billion by 2023, at a CAGR of 3.7% in the forecast period from 2018

The growth of this market is mainly driven by factors such as downgauging of plastic films, shift from traditional rigid packaging to flexible packaging, easy transportation and storage along with sustainable properties, increasing consumer focus on convenience and sustainability, and improving barrier properties.

Also, the introduction of specialty films in the packaging industry, proliferation of bio-based plastics films, emerging markets, falling crude oil prices, and shift in food service from frozen to map packaged products will further fuel the growth of flexible packaging market. However, stringent government regulations and increasing raw material prices restrict the growth of this market to some extent.

The report gives an extensive outlook on various industries/facilities served by the flexible packaging providers. These industries include food and beverage, pharmaceuticals, household and personal care, tobacco products, industrial and chemical products, and oil and lubricants.

Market Dynamics

Drivers

  • Downgauging of Plastic Films
  • Shift from Traditional Rigid Packaging to Flexible Packaging
  • Increasing Consumer Focus on Convenience and Sustainability
  • Growing Food Losses and Wastes
  • Improving Barrier Properties

Restraints

  • Stringent Government Regulations
  • Increasing Raw Material Prices

Opportunities

  • Growing Adoption of Specialty Films
  • The Proliferation of Bio-Based Plastic Films Imply a Promising Growth for the Flexible Packaging Materials
  • Shift in Food Service from Frozen to Map Packaged Products
  • Falling Crude Oil Prices
  • Emerging Markets

Challenges

  • Inefficient Filling System
  • Recyclability

Companies Mentioned

  • Amcor Limited
  • Bemis Company Inc.
  • Berry Plastics Inc.
  • Clondalkin Group Holdings BV
  • Constantia Flexibles Group GmbH
  • Coveris Holdings S.A.
  • Huhtamaki Group
  • Mondi Group
  • Reynolds Group Holdings Limited
  • Sealed Air Corporation
  • Sonoco Products Company

For more information about this report visit https://www.researchandmarkets.com/research/twt346/flexible?w=4