Mar 23, 2021   SOURCE: BusinessWire

Global Flexible Packaging Market (2021 to 2026) - Featuring Amcor, Berry Global and Mondi Among Others - ResearchAndMarkets.com

The "Flexible Packaging Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The flexible packaging market by revenue is expected to grow at a CAGR of over 4% during the period 2021-2026.

The global flexible packaging market is likely to experience growth due to the increased adoption of blister plastic films, aluminum foils, and pouches in the pharmaceutical industry. The wide adoption of blister material, replacing the glass and rigid plastics, has resulted in the high application of lidding films. Paper and plastic films are widely used in blister packs, followed by aluminum foil because of their cost-efficiency. New and advanced blister machinery can pack anywhere between 900 and 1,300 blister packs per minute. The US pharmaceutical packaging market is the major revenue contributor. North America is expected to have around 40-45% of the global pharmaceutical market in value and contribute to approx. 45% to the global market growth during the period 2021-2026.

The following factors are likely to contribute to the growth of the flexible packaging market during the forecast period:

  • Increased Focus on Sustainable Flexible Packaging
  • Profit Volatility in APAC Region
  • Usage of High-barrier Plastic Packaging Materials
  • Increasing Adoption of Flexible Packaging over Rigid Packaging

The study considers the present scenario of the flexible packaging market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Key Questions Answered

1. What is the growth rate of the flexible packaging market during the period 2021-2026?

2. How does the pharmaceutical industry boost the demand for flexible packaging?

3. What major opportunities exist for new entrants in the market?

4. Which is the largest end-user segment in the global flexible packaging market?

5. What are the latest trends witnessed in the flexible plastic packaging market?

Market Dynamics

Opportunities & Trends

  • Increased Focus on Sustainable Flexible Packaging
  • Profit Volatility In APAC Region
  • Increasing Use Of High-Barrier Plastic Packaging Materials
  • Increasing Adoption Of Flexible Packaging
  • Growth in e-Commerce Industry

Growth Enablers

  • Increasing Demand from Healthcare Industry
  • Demand for Lightweight Products
  • Increasing Demand For Pouch Packaging
  • Increasing Consumption Of Processed And Packaged Food
  • Increase in Shelf Life

Restraints

  • Recycling Challenges With Flexible Packaging Products
  • Higher Operational Cost
  • Fragmented Marketplace
  • Rising Raw Material Costs
  • Slow Economic Growth In 2020

Prominent Vendors

  • Amcor
  • Berry Global
  • Mondi
  • Sealed Air
  • TC Transcontinental Packaging
  • Sonoco
  • Huhtamaki
  • Constantia Flexibles
  • Ahlstrom-Munksjo
  • Greif
  • Westrock
  • Smurfit Kappa
  • Aluflexpack (AFP)
  • Aptar

Other Prominent Vendors

  • Alinvest
  • Aran Group
  • Aluberg
  • American Packaging Corporation
  • Bischof + Klein
  • Bioplast
  • Carcano Antonio S.p.A
  • Danaflex
  • Printpack
  • ProAmpac
  • Wipak Group
  • Saica Flex
  • Etapak (Baski Ambalaj)
  • Innovia Films
  • UFlex
  • International Paper
  • Reynolds Group
  • Novolex
  • Sigma Plastics
  • Glenroy
  • Symetal
  • Krajcar Packaging
  • ITP
  • Gascogne Flexible
  • Schur Flexibles
  • Schmid Folien
  • RKW Group
  • Pouch Partners
  • Perlen Packaging
  • Goglio Packaging
  • Kleiner Flexible Packaging
  • Winpak
  • Stora Enso
  • Global-Pak
  • Di Mauro
  • Eurofoil
  • Gerosa Group
  • LEEB Flexibles
  • PolyPak
  • Pro-Pac Packaging (PPG)
  • Walki Group
  • Wipf
  • WZ Packaging Limited

For more information about this report visit https://www.researchandmarkets.com/r/1tmxxt