The market for flexible packaging is approximated to be USD 248.9 billion in 2022, and it is projected to reach USD 315.5 billion by 2027 at a CAGR of 4.8%. A package or container that may easily change shape when full or closed is referred to as flexible packaging. Flexible packaging is built of flexible or easily yielding materials. Paper, plastic, film, foil, or any combination of these materials may be used in the construction of products.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162180170
The flexible packaging market has been segmented based on packaging type, i.e., pouches, bags, roll stocks, Films wraps, and others. Pouches are kind of small-sized bags consisting of two-sided flat sheets, which are flexible and sealed along the edges to form the compartment in which products can be stored. Pouches are widely used in the food and beverage industry.
In addition to this, flexible packaging products can be made from paper, plastic, and metals. In the food and beverage industry, flexible packing products can be used to store ready-to-eat food items, snacks, milk, coffee, soft drinks, juices, and other food items. The pharmaceutical and healthcare industry uses flexible packaging products in the form of pouches, lids, and others. In the personal care and cosmetic industry, flexible packaging products are used for packaging different products such as soaps, cosmetics perfumes, and facial tissues napkins.
Apart from these, the flexible packaging industry also caters to education stationery, construction material, and electronic goods. Other applications of flexible packaging include agriculture, automotive, sports, apparel, consumer goods, home furnishing household products, tobacco, and oil lubricants.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=162180170
The flexible packaging market is segmented based on materials that are used for making flexible packaging products. These materials are plastic, paper, and metal. Plastic flexible packaging products offer a wide variety of protective benefits while ensuring a minimum amount of material possible. They are used for marketing, protecting, and distributing a wide range of items for both industrial and consumer uses. Flexible paper packaging has widely been used by manufacturers as it provides users with convenient storage and functional packaging that is appealing and easy to carry.
Additionally, they are manufactured in all shapes and sizes using recycled materials, which makes them environmentally friendly. Flexible metal packaging refers to metal foils, wraps, and thin layers of coating used in combination with paper and plastic packaging. The coating is usually made of aluminum. It offers a glossy metallic appearance of aluminum foil at reduced weight and cost.
The flexible packaging market is also segmented based on various printing technologies such as Flexography, Rotogravure, Digital Printing, and Others. Flexographic printing can be done on different types of material used in packaging, such as paper, plastic, and foil. It is a direct, high-pressure relief printing process on a rotary web which uses different types of inks.
On the other hand, the rotogravure printing process is a means of printing directly on plastic films, papers, and aluminum foils. The process offers a wide range of benefits, such as the ability to transfer ink consistently, high speed, and quality image, thus resulting in good quality prints, low costs per unit, and long-lasting printing cylinders. The digital printing process starts with a digital file, which is sent to a digital printing press, where the ink is transferred through an electric discharge.
The files used in digital printing are rendered through software and can, hence, be modified. Digital printing makes use of laser and ink-jet printing, wherein an image is sent directly to the printer by using digital files, such as PDFs, and graphics software, such as Illustrator.
Get 10% Free Customization on this Report:https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=162180170
The Flexible Packaging market is segmented based on end-use applications. Flexible Packing can be used in various end-use industries such as pharmaceutical and healthcare, food beverages, personal care and cosmetics, and others. In the food industry, flexible packaging is used to pack several food items, such as snacks, biscuits, namkeens, chocolates, and other food items.
In the beverage industry, this packaging is used to pack several beverage products such as juices, tea, coffee, ketchup, milk, coffee, soft drink, fruit drinks, and others. In the pharmaceutical and healthcare industry, flexible packaging products are in the form of pouches, lids, and others. In the personal care and cosmetic industry, flexible packaging is used to pack various items such as soaps, detergents, toothpaste, perfumes, facial tissues, wipes, napkins, and others.
The flexible packaging market is studied in six regions, namely, Asia Pacific, Europe, North America, the Middle East, Africa, and South America. Asia Pacific is the fastest-growing market and the largest consumer of flexible packaging globally. The growth in this region is led by growing developmental activities and rapid economic expansion. Additionally, the increasing population in these countries presents a huge customer base for FMCG products and food beverages, which, in turn, is expected to lead to the growth of the flexible packaging market.
The food industry is the largest consumer of flexible paper packaging in Europe, followed by beauty personal care and healthcare. The market in the North American region is driven by technological advancements in the packaging industry. The demand for flexible packaging is also expected to be driven by factors such as increasing sales of consumer durables, high disposable incomes, and rising demand for packaged foods.
For More Insights on Flexible Packaging Market- https://www.prnewswire.com/news-releases/flexible-packaging-market-worth-315-5-billion-by-2027---exclusive-report-by-marketsandmarkets-301684929.html
About MarketsandMarkets
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
