Flexible plastic packaging is playing a vital role in the food & beverages vertical as the contents stay secure. It is preferred especially for the frozen foods and confectionery & chocolate, tea, coffee, baked goods & snacks, beverages & juices, dried food & mixes, and condiments & sauces.
Also, regulatory organizations like EPA (Environmental Protection Agency) have come up with several regulations for governing the flexible plastic packaging market. The healthcare vertical is all set to embrace flexible plastic packaging. See-through packaging is the trend, basically due to the fact that end-users are focusing on seeing the color of personal care products as well as food items. Persistence Market Research has entailed these facts with probable future scenarios in its latest market study entitled “Flexible Plastic Packaging Market”.
Flexible Plastic Packaging Market Segregation
The global flexible packaging market, by type of pack, spans sachet and pouches, bags, tubes, films and wraps, liquid packaging, and squeezable bottles. By type of material, it’s polypropylene, polyethylene, BOPP, cast polypropylene, BOPET, polyamide, polyvinyl chloride, ethylene vinyl alcohol, and polystyrene. By end-use, it’s personal care products, food & beverages, pharmaceuticals, tobacco products, and industrial and institutional. Out of these sachets and pouches hold the largest market share. They, in fact, hold more than 60% of the revenue. Also, healthcare is dominating the market. Persistence Market Research has enlisted the facts with future perspectives in its latest market study entitled “Flexible Plastic Packaging Market”.
Region-wise Analysis
North America and Europe are at the saturated stage of flexible plastic packaging market. However, the Asia-Pacific is expected to dominate in the forecast period due to wider exposure to the latest developments through access to internet. India and China are leading from the front due to demand from food & beverages sector. Persistence Market Research has sketched the findings with insights in its latest market study entitled “Flexible Plastic Packaging Market”.
Competitive Packaging
Persistence Market Research has profiled the key players in flexible plastic packaging market as Amcor Ltd., Bemis Company, Inc., Sealed Air Corporation, Berry Global Group Inc., Mondi Group plc, Sonoco Products Company, Huhtamaki Oyj, Constantia Flexibles Group GmbH, Ampac Holdings, Inc., Bischof and Klein SE & Co. KG, Montaplast GmbH, and likewise.
Persistence Market research has also mentioned about the developments in flexible plastic packaging market. For instance – Berry Global Group, Inc., in March 2020, did announce investment of close to US$ 30 Mn for increasing the manufacturing capacity of its ultra-high performance stretch films. Amcor, in February 2020, did join HPRC (healthcare Plastics Recycling Council) for addressing every dimension of packaging value chain, right from packaging design to the collection systems. The same Berry Group, Inc., in May 2020, did announce collaboration with Mondelez International for supplying packaging made from recycled plastic for Philadephia. The recycled plastic comes from partnership of Berry with SABIC. Amcor, in June 2020, entered into partnership with Espoma to respond to its mission of developing the best organic gardening products working in sync with nature. The bio-based polymer package is abreast with 25% bio-based material derived from sugarcane.
The Way Ahead
The global flexible plastic packaging market is slated to gloat over innovations in the forecast period – Persistence Market Research
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