Global Flexible Packaging Market increasing demand with key Players - Amcor Limited, Bemis Company.


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Uploaded on Mar 7, 2022

Category Business

Flexible packaging is a packaging film that is produced from flexible materials which can be used to package different shapes and sizes of the product. It is made up of paper, plastic, foil, sheet, laminated sheet, and metal sheet.

Category Business

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Global Flexible Packaging Market increasing demand with key Players - Amcor Limited, Bemis Company.

Global Flexible Packaging Market increasing demand with key Players - Amcor Limited, Bemis Company. Market Overview: Flexible packaging is a packaging film that is produced from flexible materials which can be used to package different shapes and size of the product. It is made up of paper, plastic, foil, sheet, laminated sheet, and metal sheet. They ensure protection from damage during transportation and storage. They increase shelf-life of the product and also reduce the production waste as it offers the least packaging possible. Flexible packaging uses fewer materials than rigid containers and also consumed less energy during production. Furthermore, it releases fewer greenhouse emissions which make a better solution for a sustainable environment. 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). For More Information, a Request sample copy of Business Report@https://www.coherentmarketinsights.com/insight/request-sample/3773 Market 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. Shifting preferences for flexible packaging over rigid packaging due to sustainability advantage is expected to fuel the market growth of flexible packaging. Flexible packaging offers a number of sustainability advantages such as less consumption of raw material, reduced energy usage, low greenhouse emission, and low waste produced as compared to conventional packaging formats. This makes them an ideal choice of materials across the packaging industry and is highly preferred. Market Opportunities Increasing addition of layers into a flexible packaging structure in order to improve the functionality and economic viability of the flexible packaging is expected to offer immense growth opportunities. Moreover, the increasing advent of a new product such as high-temperature retort pouch, vacuum pouch, and stand-up pouches is encouraging flexible packaging manufacturer to introduce materials with advanced and improved properties this will favor the market growth. Bio-based flexible packaging is gaining popularity in the market and this is expected to open new avenues to the market of flexible packaging. For instance, in July 2019, DOMO Chemicals, an engineering company, has introduced a new name for the business known as cfp flexible packaging S.p.A. The purpose of introducing new business to produce sustainable and innovative films for flexible packaging and other technical applications Market Taxonomy 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 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. About Coherent Market Insights:- Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Contact Us: Name: Mr. Shah Phone: US +12067016702 / UK +4402081334027 Email: [email protected] Visit Our Blogs:https://blog.coherentmarketinsights.com