Jan 17, 2024   SOURCE: BusinessWire

Global Flexible (Converted) Plastic Packaging Market Report 2024-2034: Upsurge in Demand from End-Use Industries as Regulatory Bodies Increase Focus on Waste Reduction - ResearchAndMarkets.com

The "Flexible (Converted) Plastic Packaging Market Report 2024-2034" report has been added to ResearchAndMarkets.com's offering.

Global Flexible (Converted) Plastic Packaging Market will surpass US$163.9 billion in 2024 with strong revenue growth forecast through to 2034

This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

Drivers and Opportunities in the Evolving Landscape of the Flexible Converted Plastic Packaging Market

The flexible converted plastic packaging market is witnessing a dynamic surge propelled by diverse and compelling factors. Firstly, an escalating emphasis on sustainability is urging manufacturers to pioneer the development of eco-friendly packaging materials, exemplified by recyclable and biodegradable plastics.

As consumer awareness and regulatory pressures converge towards eco-conscious alternatives, this transformative shift creates a profound growth opportunity for the market. Secondly, the exponential growth of the e-commerce sector has triggered an upswing in demand for packaging solutions adept at safeguarding products during shipping while enhancing the overall unboxing experience. The imperative for durable and visually appealing packaging materials unfurls novel pathways for market expansion.

Rising Price of Raw Material Restrain Market Growth

The escalating prices of raw materials in the flexible converted plastic packaging market present a significant restraining factor that impacts various facets of the industry. As the foundation of plastic packaging, raw materials such as petroleum-derived plastics (e.g., polyethylene and polypropylene) are inherently sensitive to fluctuations in global oil prices. This sensitivity poses a dual challenge for both manufacturers and consumers of plastic packaging.

The first consequence of rising raw material prices is the increased production cost for plastic packaging. Manufacturers incur higher expenses in sourcing, processing, and converting raw materials into finished products. These elevated costs are often passed on to consumers, making plastic packaging less cost-competitive, especially in markets with tight profit margins.

What Questions Should You Ask before Buying a Market Research Report?

  • How is the flexible (converted) plastic packaging market evolving?
  • What is driving and restraining the flexible (converted) plastic packaging market?
  • How will each flexible (converted) plastic packaging submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
  • How will the market shares for each flexible (converted) plastic packaging submarket develop from 2024 to 2034?
  • What will be the main driver for the overall market from 2024 to 2034?
  • Will leading flexible (converted) plastic packaging markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
  • How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
  • Who are the leading players and what are their prospects over the forecast period?
  • What are the flexible (converted) plastic packaging projects for these leading companies?
  • How will the industry evolve during the period between 2024 and 2034?
  • Is there a greater need for product commercialisation to further scale the flexible (converted) plastic packaging market?
  • Where is the flexible (converted) plastic packaging market heading and how can you ensure you are at the forefront of the market?
  • What are the best investment options for new product and service lines?
  • What are the key prospects for moving companies into a new growth path and C-suite?

Market Dynamics

Market Driving Factors

  • Better Substitute for Traditional Packaging Material Driving the Market Growth
  • Increase Product Shelf-Life Driving the Market Growth
  • The Market is Experiencing Growth Due to an Upsurge in Demand from End-Use Industries

Market Restraining Factors

  • Rising Price of Raw Material Restrain Market Growth
  • The Concerns Over the Environmental Impacts of Converted Plastic Packaging Waste
  • Recycling Challenges with Flexible Packaging Products

Market Opportunities

  • Innovation in packaging Opportunities for the Flexible Converted Plastic Packaging Market
  • Rising Demand from E commerce Industry
  • Governments and Regulatory Bodies are Increasingly Focusing on Packaging Waste Reduction

Company Profiles

  • Amcor plc
  • Berry Global Group, Inc
  • Sonoco Products Company
  • Huhtamaki Oyj
  • Sealed Air Corporation
  • Constantia Flexibles Group GmbH
  • Mondi plc
  • Coveris Group
  • Pro Ampac LLC
  • Printpack
  • Novolex
  • Clondalkin Group Holdings B.V.
  • Polytex Environmental Inks
  • Innovia Films
  • AptarGroup, Inc.

Segments Covered in the Report

Market Segment by Printing Technology

  • Flexography Technology
  • Rotogravure Technology
  • Digital Printing Technology

Market Segment by End-Use Industry

  • Food & Beverage Industry
  • Healthcare Industry
  • Personal Care & Cosmetics Industry
  • Other Industry

Market Segment by Material

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polyvinyl Chloride (PVC)
  • Other Materials

Market Segment by Type

  • Pouches
  • Bags
  • Wraps
  • Films
  • Sachets
  • Other Type

For more information about this report visit https://www.researchandmarkets.com/r/bct73w

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.