San Francisco, 20 December 2018: The Report Flexible Plastic Packaging Market Size, Share & Trends Analysis Report By
Material (Polyethylene, Polyamine, PVC), By Type (Flat Pouches, Stand-Up
Pouches), By Application, And Segment Forecasts, 2018 - 2025
The global flexible plastic packaging market size is projected to reach USD 179.69 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% during the forecast period. Significant demand for the product in the food & beverage and healthcare industries is a key growth stimulant for the market.
Polyethylene is the most widely used
material for the production of flexible plastic packaging. The segment is
expected to account for the largest share in the market during the forecast
period owing to its abundant availability and considerable decline in
manufacturing costs. In terms of type, the demand for flat pouches is estimated
to register significant rise over the same period owing to its applicability in
various industries. These pouches are preferred for their convenience regarding
storage and transportation.
The demand for the product in the food
& beverage industry is backed by growing popularity of stand-up pouches and
flat pouches on retail shelves. The pharmaceutical industry offers a lucrative
opportunity for the global flexible plastic packaging market owing to
increasing health awareness among consumers, burgeoning popularity of
convenient packaging, and a substantial increase in processing units (product)
from a manufacturer’s standpoint.
In this regard, Europe has also contributed
significantly to the growth of the pharmaceutical industry, thereby strengthening
the flexible plastic packaging market in the region. Some of the key countries
that have witnessed upswing in the demand for pharmaceutical products are
Belgium, Denmark, France, Germany, Ireland, Italy, and Switzerland.
Asia Pacific is likely to be a promising
destination for flexible plastic packaging manufacturers, notably emerging
countries such as China, Japan, and India. Manufacturers are focusing on
setting up their manufacturing plants close to sources of raw materials in the
region, on account of their cheap availability. Low labor cost is another
factor that is attracting manufacturers to strengthen businesses in this
region. Asia Pacific is also the largest market for beverages. This has offered
lucrative opportunities to manufacturers to cater to packaging requirements of
the beverage industry in the region.
Access Research Report of Flexible Plastic Packaging Market @ www.grandviewresearch.com/industry-analysis/flexible-plastic-packaging-market
Further key findings from the report suggest:
· In terms of volume, the healthcare
application segment is anticipated to reach 29.12 million tons by 2025, at a
CAGR of 2.7% during the forecast period
· In terms of revenue, the food &
beverage segment is expected to witness the fastest growth over the forecast
period, owing to benefits offered by the product such as decreased scrap and
easy processing.
· In terms of volume, the PE segment
dominated the market in 2017 with a share of approximately 26.0%. It is
expected to retain its prominent position over the forecast period
· In terms of revenue, the segment for
stand-up pouches is anticipated to account for a market share of 65.7% by 2025.
The flat pouches segment is expected to register the fastest growth over the
forecast period, owing to ease of manufacturing process coupled with
significant demand for the product
· The industry for flexible plastic packaging
is highly competitive with presence of various well-established players with
extensive product portfolios
· Key market participants in the market
include Sigma Plastics Group, Amcor Limited, Sealed Air Corporation, Constantia
Flexibles Group, ProAmpac, Mondi plc, and Coveris Holding S.A.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
global flexible plastic packaging market on the basis of material, type,
application, and region.
Flexible Plastic Packaging Material Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
PE
·
PP
·
PA
·
PVC
·
PS
·
Others
Flexible Plastic Packaging Type Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Stand-Up Pouches
·
Flat Pouches
·
Rollstocks
·
Others
Flexible Plastic Packaging Application
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Food & Beverage
·
Healthcare
·
Personal care
·
Others
Flexible Plastic Packaging Regional Outlook
(Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Flexible Plastic Packaging Market@ www.grandviewresearch.com/press-release/global-flexible-plastic-packaging-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
