Global Flexible Packaging Market Forecast 2024
Bharat Book Bureau Provides the Trending Market Research Report on "Global Flexible Packaging Market By Product Type, By Material Type, By Printing Technology, By Application, By Region, Competition, Forecast & Opportunities, 2024” (https://www.bharatbook.com/marketreports/global-flexible-packaging-market-by-product-type-pouches-rollstocks-bags-others-by-material-type-plastic-paper-/1413221) under Chemical & Materials Category. The report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Global flexible packaging market is projected to grow from $ 95 billion in 2018 to $ 129 billion in 2024, exhibiting a CAGR of over 5% during 2019-2024, owing to growing food and packaging requirement, on account of rising population. Increasing demand for convenient packaging, growing consumer preference for packaged foods and rising focus on substitutes for rigid packaging materials are some of the other key factors that would drive demand for flexible packaging across the globe. Moreover, development of numerous production technologies and case-ready packaging is expected to positively influence the market during forecast period.
Global Flexible Packaging Market has been categorized into product type, material type, printing technology, application and regional distribution. Based on product type, the market has been segmented as pouches, rollstocks, bags and others. Based on material type, the market has been bifurcated into plastic, paper, aluminium foil and others. Plastic segment accounted for the majority share in global market in 2018. Notably, plastic flexible packaging is extensively used in the food & beverages sector, as it can take several forms and shapes, which hold high importance for the industry. Further, aluminum foil is anticipated to witness significant demand during the forecast period, owing to growing use of aluminum foil in the food & beverages industry and household.
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Last Update : Apr 30, 2019
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