Flexible Packaging Market

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FLEXIBLE PACKAGING MARKET ANALYSIS

• Flexible Packaging Market, By Product
  Type (Stand-up Pouches, Vacuum Pouches, Retort
  Pouches, Converted Roll Stock, Gusseted Bags,
  Wicketed Bags, Laminated Tubes, Squeezable
  Bottles, Others), By Material Type (Polymer
  (Polyethylene (LDPE, HDPE, LLDPE), Polypropylene,
  BOPP, Cast polypropylene, BOPET, Polyamide, Poly
  Vinyl Chloride, Ethylene Vinyl Alcohol, Poly
  Styrene), Paper, Aluminum, Cellulosic), By
  Application (Consumer Goods (Food Beverages
  (Dairy Products, Bakery Confectionery,
  Ready-to-Eat Food Products, Frozen Chilled
  Food, Tea, Others), Personal Care,
  Pharmaceuticals, Tobacco, Others), Industrial and
  Institutional), and By Region (North America,
  Latin America, Europe, Asia Pacific, Middle East
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2019 - 2027

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• Market Overview
• The global flexible packaging market is
  projected to surpass US 400 billion by the end
  of 2027, in terms of revenue, growing at CAGR of
  5.4 during the forecast period (2019 to 2027).
• Market Dynamics Drivers
• The rising demand for flexible packaging in the
  primary packaging of the product is expected to
  accelerate market growth. The prime function of
  primary packaging is to protect the product from
  any damage and contamination. Flexible packaging
  has all sorts of properties that exactly meet
  with the primary packaging such as lightweight,
  low contamination, high barrier, and keeps the
  product completely sealed off from the
  environment. Thus, flexible packaging across
  primary packaging is expected to augment the
  market growth.

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Figure 1. Global Flexible Packaging Market,
Revenue Share (), By Regions, 2018
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• Market Dynamics Restraints
• Fluctuating prices of raw materials used in the
  manufacturing of flexible packaging are expected
  to hinder the market growth over the forecast
  period. Unstable prices of crude oil due to
  various economical factor directly impact the
  overall price and production of raw materials.
  Plastic is a key ingredient used to manufacture
  flexible packaging.

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• Market Opportunities
• Demand for halal-certified conveyor belts can
  present lucrative growth opportunities
• Growing expenditure construction industry can
  pose major business opportunities

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Figure 2. Global Flexible Packaging Market
Opportunity Analysis
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• Market Trends
• The shift in trend from two- and three-layered
  films to seven- and nine-layered films due to its
  advantages such as extended shelf with fewer
  chances of contamination is expected to augment
  the market growth of flexible packaging film. For
  instance, in August 2015, Clondalkin Flexible
  Packaging Wentus announced the introduction of a
  new seven-layer barrier film under the brand name
  WENTOPRO for dry food products. The new film
  offers a high barrier against moisture and
  mineral oil saturated hydrocarbons (MOSH) and
  mineral oil aromatic hydrocarbons (MOAH).

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Figure 3. Global Flexible Packaging Market,
Revenue Share (), By Material Type, in 2018
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Figure 4. Global Flexible Packaging Market
Value Chain Analysis
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Competitive Section

• Key players operating in the global flexible
  packaging market are Amcor Limited, Bemis
  Company, Sealed Air Corporation, Berry Plastics
  Group, Inc., Mondi Group, Sonoco Products Co.,
  Huhtamäki Oyj, Constantia Flexibles Gmbh, Ampac
  Holdings, Llc, Bischof KleinInternational,
  Wipak Group, AR Packaging, Goglio Group, Schur
  Flexibles, Clondalkin Group, Flair Flexible
  Packaging Solution Cellpack Packaging, and
  Südpack Verpackungen

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Few Recent Developments

• Bemis Company Inc.
• In March 2019, Bemis Company Inc. has been
  honored with the Highest Achievement Award and
  six additional gold and silver awards by the
  Flexible Packaging Association (FPA) for three
  products. This includes Molson Coors 12 Pack
  Cooler Bag featuring portable convenience,
  ConAgra Slim Jim Premium Smoked Sticks featuring
  textured film technology, and JBS-Swift Printed
  Ovenable Meat Packaging (OvenRite) featuring
  oven-safe technology.
• Sealed Air Corporation
• In February 2019, Sealed Air acquired flexible
  packaging producer MGM to expand its business in
  the Asia Pacific market. MGM specializes in
  printing and laminating, and provides flexible
  food packaging materials for consumer packaged
  goods markets in Southeast Asia as well as
  companies in Australia, Brunei Darussalam, and
  New Zealand.

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