Global Flexible Plastic Packaging Market 2019-2023: Emerging Opportunities in Recyclable Packaging- Technavio.com

The global flexible packaging market 2019-2023 report has been added to Technavio's catalog.

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The global market for flexible packaging is expected to grow at a CAGR of over 4% over the forecast period.

Flexible plastic packaging products are non-rigid, lightweight, stretchable, and malleable. These packaging products protect against moisture while retaining the aroma and freshness of the packaged products, much like glass packaging. This has resulted in the increased adoption of this packaging variant by the food and beverage, healthcare, and personal care industries, among others.

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Growing awareness about environmental pollution and the need for sustainable development is compelling brand owners to adopt sustainable packaging. Various governments have implemented legislations that mandate the use of bioplastics over hazardous polymer and plastic materials. Such initiatives are encouraging end-user industries to shift to bioplastics, including flexible bioplastic packaging. Bioplastics are derived from renewable biomass sources, such as vegetable fats and oils, straw, woodchips, food waste, cornstarch, and others. Bioplastics offer benefits such as lower production costs, reduced carbon footprint, and convenient disposal. Thus, the popularity of flexible bioplastic packaging is increasing, which will drive the growth of the flexible plastic packaging market.

In recent times, the demand for recyclable flexible plastic packaging has increased significantly, owing to increased awareness and concern for the environment. As a result, several initiatives are being taken by end-users of flexible plastic packaging to increase the use of recyclable flexible packaging. For instance, in March 2019, Moy Park Ltd., a food processing company launched the Remove, Reduce, Recycle, and Research campaign. Such initiatives are expected to stimulate the demand for recyclable flexible plastic packaging, which will drive market growth during the forecast period.

Regional Outlook

The global flexible plastic packaging market spans across the following regions: Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa. The Asia-Pacific flexible plastic packaging market is the fastest-growing market globally, with an incremental growth of USD 15.48 billion.

China and India are expected to emerge as major revenue contributors to the flexible plastic packaging market in APAC. This is mainly due to the rapid expansion of end-user industries, such as e-commerce, FMCG, and personal care, along with the changes in lifestyle resulting from an increase in disposable incomes.

Competitive Outlook

Amcor PLC manufactures and delivers packaging solutions. The company operates businesses under two segments, namely flexibles and rigid plastics. Headquartered in Switzerland, Amcor PLC offers products such as AmLite Standard Recyclable, Vento, AmLite Ultra, Charta, AmLite HeatFlex, and others.

The company reported revenues of USD 9.31 billion for FY2018. In June 2019, Amcor completed the acquisition of Bemis, a manufacturer of flexible and rigid plastic packaging for food, consumer products, medical, and pharmaceutical companies. In December 2018, Amcor opened a new home care packaging facility in India.

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Key Topics Covered:

1. Executive summary

1.1. Contribution of the market under focus to the parent market

1.1.1. Parent market

1.1.2. Market in focus

1.2. Growth momentum

1.2.1. Year over year growth

1.3. Market share by region

1.4. Incremental growth

1.4.1. Global market growth

1.4.2. Contribution to the global market growth by region

1.5. Market share by product

1.6. Market share by end-user

1.7. Market share of key countries in 2018

1.8. Structure of the market in focus

1.8.1. Market concentration

1.8.2. Market maturity

1.8.3. Market participants

1.9. Factors that are driving demand

1.10. Challenges that affect market dynamics

1.11. Key trends that are impacting the market

2. Scope of the report

2.1. Preface

2.1.1. Market definition

2.1.2. Objectives

2.1.3. Notes and caveats

2.2. Currency conversion rates for the US

3. Market landscape

3.1. Market ecosystem

3.1.1. Global consumer and industrial packaging market

3.1.2. Segments of the global consumer and industrial packaging market

3.2. Market characteristics

3.2.1. Market characteristics analysis

3.3. Market segmentation analysis

4. Market sizing

4.1. Market definition

4.1.1. Parent market

4.1.2. Market in focus

4.1.3. Segmentation

4.1.4. Methodology for market sizing and vendor selection

4.1.5. Market definition - Inclusions and exclusions checklist

4.2. Market sizing 2018

4.3. Market size and forecast 2019-2023

4.3.1. Global market: Size and forecast 2018-2023 ($ millions)

4.3.2. Global market: Year-over-year growth 2019-2023 (%)

5. Five forces analysis

5.1. Five forces analysis 2018

5.2. Five forces analysis 2023

5.3. Bargaining power of buyers

5.4. Bargaining power of suppliers

5.5. Threat of new entrants

5.6. Threat of substitutes

5.7. Threats of rivalry

5.8. Market condition

6. Market segmentation by product

6.1. Market share by product

6.2. Comparison by product

6.3. Pouches

6.3.1. Pouches - Market size and forecast 2018-2023 ($ millions)

6.3.2. Pouches - Year-over-year growth 2019-2023 (%)

6.4. Bags

6.4.1. Bags - Market size and forecast 2018-2023 ($ millions)

6.4.2. Bags - Year-over-year growth 2019-2023 (%)

6.5. Films and wraps

6.5.1. Films and wraps - Market size and forecast 2018-2023 ($ millions)

6.5.2. Films and wraps - Year-over-year growth 2019-2023 (%)

6.6. Others

6.6.1. Others - Market size and forecast 2018-2023 ($ millions)

6.6.2. Others - Year-over-year growth 2019-2023 (%)

6.7. Market opportunity by product

7. Customer landscape

7.1. Customer landscape analysis

8. Market segmentation by end-user

8.1. Market share by end-user

8.2. Comparison by end-user

8.3. Food and beverage

8.3.1. Food and beverage - Market size and forecast 2018-2023 ($ millions)

8.3.2. Food and beverage - Year-over-year growth 2019-2023 (%)

8.4. Healthcare

8.4.1. Healthcare - Market size and forecast 2018-2023 ($ millions)

8.4.2. Healthcare - Year-over-year growth 2019-2023 (%)

8.5. Others

8.5.1. Others - Market size and forecast 2018-2023 ($ millions)

8.5.2. Others - Year-over-year growth 2019-2023 (%)

8.6. Market opportunity by end-user

9. Market segmentation by Geography

9.1. Market share by geography

9.2. Geographic comparison

9.3. APAC

9.3.1. APAC - Market size and forecast 2018-2023 ($ millions)

9.3.2. APAC - Year-over-year growth 2019-2023 (%)

9.4. Europe

9.4.1. Europe - Market size and forecast 2018-2023 ($ millions)

9.4.2. Europe - Year-over-year growth 2019-2023 (%)

9.5. North America

9.5.1. North America - Market size and forecast 2018-2023 ($ millions)

9.5.2. North America - Year-over-year growth 2019-2023 (%)

9.6. South America

9.6.1. South America - Market size and forecast 2018-2023 ($ millions)

9.6.2. South America - Year-over-year growth 2019-2023 (%)

9.7. MEA

9.7.1. MEA - Market size and forecast 2018-2023 ($ millions)

9.7.2. MEA - Year-over-year growth 2019-2023 (%)

9.8. Key leading countries

9.9. Market opportunity

10. Decision framework

11. Drivers and challenges

11.1. Market drivers

11.1.1. Rising focus on improving shelf life of products

11.1.2. Shift from rigid packaging to flexible plastic packaging

11.1.3. Growing popularity of flexible bioplastic packaging

11.2. Market challenges

11.2.1. High manufacturing cost for flexible plastic packaging

11.2.2. Increasing focus towards reducing the use of plastic packaging

11.2.3. Stringent regulations for manufacturing flexible plastic packaging

11.3. Impact of drivers and challenges

12. Market trends

12.1. Continuous development of new products

12.2. Emergence of recyclable flexible plastic packaging

12.3. Increase in M&A

13. Vendor landscape

13.1. Overview

13.2. Landscape disruption

13.3. Competitive Scenario

14. Vendor Analysis

14.1. Vendors covered

14.2. Vendor classification

14.3. Market positioning of vendors

14.4. Amcor Plc

14.4.1. Vendor overview

14.4.2. Business segments

14.4.3. Organizational developments

14.4.4. Geographic focus

14.4.5. Segment focus

14.4.6. Key offerings

14.5. Berry Global Group, Inc.

14.5.1. Vendor overview

14.5.2. Business segments

14.5.3. Organizational developments

14.5.4. Geographic focus

14.5.5. Segment focus

14.5.6. Key offerings

14.6. Constantia Flexibles Group GmbH

14.6.1. Vendor overview

14.6.2. Business segments

14.6.3. Organizational developments

14.6.4. Geographic focus

14.6.5. Segment focus

14.6.6. Key offerings

14.7. Huhtamäki Oyj

14.7.1. Vendor overview

14.7.2. Business segments

14.7.3. Organizational developments

14.7.4. Geographic focus

14.7.5. Segment focus

14.7.6. Key offerings

14.8. Mondi Group

14.8.1. Vendor overview

14.8.2. Business segments

14.8.3. Organizational developments

14.8.4. Geographic focus

14.8.5. Segment focus

14.8.6. Key offerings

15. Appendix

15.1. Research Methodology

15.1.1. Research framework

15.1.2. Validation techniques employed for market sizing

15.1.3. Information sources

15.2. List of abbreviations

15.3. Definition of market positioning of vendors

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