322-Washington,America - 23
Emergency Call- 24/7 support
Home » Packaging » Packaging Material and Equipment » PPA-9130218
* For discount/customization and buying a particular chapter click here or write to us at email@example.com
Flexible plastic packaging is considered as the right choice for safe, durable, contamination free food and beverage packaging. The global flexible plastic packaging market is expected to rise at a CAGR of 5.4% during the forecast period 2016-2023. Moreover, flexible plastic packaging also offers sustainable benefits as it is strong, capable to preserve edible products for long duration and easy to transport. According to Flexible Packaging Association (FPA), the technological advancements and innovation in packaging techniques have assisted the flexible packaging manufacturers to use less amount of natural resources. Furthermore, the enhancements in the production processes have reduced the consumption of energy and water resources and limited the volatile organic compounds and greenhouse gas emissions. Moreover, the light weight flexible packaging results in less consumption of energy during the transportation resulting in reduced consumption of fossil fuel consumption and limited environmental pollution. Flexible plastic packaging also enables noteworthy reduction in the packaging cost, transportation and material cost. Various types of plastic materials are used in flexible plastic packaging, such as polystyrene, polypropylene, polyethylene, polyvinyl chloride(PVC), Biaxially-oriented polyethylene terephthalate (BoPET), etc.
The key factor attributing to the growth of global flexible plastic packaging market is downsizing of packaging. Consumer prefers to buy big sized packaged food and beverage products as they believe to get better value for money. However, this has proved to have adverse effects on their health due to overeating and obesity. Therefore, there has been downsizing of packaging in which package content is minimized without altering the price of the product.
Source: OBRC Analysis.
The report on global flexible plastic packaging market includes segmentation by type, printing technology and applications.
Types of flexible plastic packaging include:
· Stand-Up Pouches
· Flat Pouches
· Gusseted Bags
· Wicketed Bags
Printing technology used in flexible plastic packaging includes:
· Digital Printing
Applications of flexible plastic packaging include:
· Food & Beverages
· Cosmetics & Toiletries
The report scope is widely categorized on the basis of its types, which include Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags and Wraps.
The global flexible plastic packaging market report has been geographically segmented in:
· North America (U.S. & Canada)
· Asia Pacific (China, India, Japan, RoAPAC)
· Europe (UK, France, Germany, RoE)
· Rest of World
Geographically, Asia Pacific is the largest market region for global flexible plastic packaging market in terms of market revenue share. Key factors driving the market growth in Asia Pacific is the increasing demand for flexible plastic packaging in leading nations, such as India and China coupled with the growing beverage and food industries in these countries. Moreover, the increasing disposable income and transition to urbanization has led to surging demand for eco-friendly and safe packaging. According to India Brand Equity Foundation (IBEF), the disposable personal income in India was recorded to be $202.88 billion in 2015 which had increased from $187.77 billion in 2014. The total disposable personal income in India was averaged to approximately $235.04 billion from 1950 to 2015. In 1950, the disposable income was $1.34 billion which had increased to $2028.81 billion in 2015. The disposable personal income per capita in China was recorded to be $4549.56 in 2015 while in 2014 it was $4206.69. Moreover, disposable personal income in China averaged to $1.17 billion from 1978 to 2015. Therefore, rising disposable income and consumption of packaged products is expected to positively influence the market growth. However, North America is expected to emerge as the fastest growing market of flexible plastic packaging during forecast period 2016-2023 owing to the presence of key market players, such as Printpack Inc., Sealed Air Corporation, Sonoco Products, etc.
Global flexible plastic packaging market report covers segmentation analysis by type, printing technology and applications. Report further covers segments of types of flexible plastic packaging which includes stand-up pouches, flat pouches, rollstock, gusseted bags, wicketed bags and wraps. Stand-up pouches is the leading type segment as it is one of the innovative forms of flexible plastic packaging, as it is easy to use, excellent barrier properties and provides high clarity. Also stand-up pouches are also extensively used in over-the-counter products in healthcare sector. Report further covers segments of printing technology, which includes flexography, rotogravure, digital printing etc. Flexography is the leading printing technology segment and it is being extensively used in flexible plastic packaging. Applications of flexible plastic packaging include food & beverages, healthcare, cosmetics & toiletries etc. Food and beverages market is the leading application segment due to the increased adoption of flexible plastic packaging in packaging food and beverage products as it is highly durable, protects from light, moisture, high temperature and prevents contamination.
The major market players of global flexible plastic packaging market are:
· Amcor Limited
· Bemis Company Inc.
· Graham Packaging
· Printpack Inc.
· Sealed Air Corporation
These companies are using various strategies, such as merger & acquisition, collaboration, partnership and product launch. Whereas, product and service launch is the key strategy adopted by the companies in the flexible plastic packaging market.
For Example: In June 2017, Sealed Air Corporation had announced to launch its new pouch packaging system, named as Cryovac FlexPrep, which would be used to package food items, such as condiments and sauces.
In November 2016, Sonoco Products had acquired Plastic Packaging Inc. to provide efficient customized flexible packaging solutions to the consumer goods manufacturers.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in global flexible plastic packaging market.
Key reason to buy the report:
· The report includes market estimation, forecast and analysis for the year 2016-2023
· Report includes detailed analysis of different segments, such as type, printing technology and applications of global flexible plastic packaging.
· Identify and understand the strengths, opportunities, challenges and threats of the global flexible plastic packaging market.
· Covers detailed analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, and competitive landscape analysis of major players of global flexible plastic packaging market.
· Detailed analysis of various regulatory policies which are affecting the global flexible plastic packaging market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global flexible plastic packaging market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the global flexible plastic packaging market with extensive SCOT analysis of key companies.
Key findings of the global flexible plastic packaging market
· The key factor attributing to the growth of global flexible plastic packaging market is the downsizing of packaging.
· Asia Pacific is the largest market region for global flexible plastic packaging market in terms of market revenue share.
· Stand-up pouches are the leading type segment as it is one of the innovative forms of flexible plastic packaging.
· Product and service launch is the key strategy adopted by the companies in global flexible plastic packaging market.
LIST OF TABLES
LIST OF FIGURES