According to a research survey conducted by ChemView Consulting, in 2022, the Global Flexible Packaging Market was worth US$ 103.2 Bn and is expected to grow at a CAGR of 5.2% over the forecast period. The market is expected to hit US$ 154.8 Bn by 2030 end.
Flexible packaging makes use of much less cloth, energy, and water in the course of production and occupies much less area in landfills after disposal, making them greater sustainable. Furthermore, with the growing quantity of software industries who prefer sustainable packaging answers because of regulatory pressures, the call for for bendy packaging is anticipated to surge in the course of the forecast period. The U.S. is a rather tremendous marketplace for bendy packaging because of the robust foothold of primary gamers working withinside the software industry.
Additionally, excessive marketplace penetration of ready-to-consume food withinside the use of a due to busy lifestyle and excessive quantity of working-elegance experts is similarly anticipated to contribute toward the increase of bendy packaging in the course of the forecast period. Flexible packaging is typically hired for the packaging of meals merchandise, consisting of smoothies, snacks, dairy, and others. The packaged grocery store has been witnessing increase globally because of improvements in meals processing strategies and alternate in client life that is anticipated to gasoline the product calls for during the forecast period.
Flexible packaging merchandise consisting of pouches call for drastically lesser cloth for his or her production and decrease the general price related to transportation, enhancing the earnings margin of the agencies working withinside the software industry. As a result, the adoption of bendy packaging layout is growing, consequently benefitting marketplace increase. In the supermarket, wherein humans make quicker shopping decisions, stand-up pouches act as a advertising tool, as they have got a better floor on which pictures may be published to trap consumers. This element has additionally drawn interest of software industries consisting of meals and beverage and cosmetics, consequently stimulating marketplace increase from 2022-2030.
A sharp decline in income of private care and electronics merchandise, at the side of disruption of deliver chains, affected the income of bendy packaging during early 2020. Packaging producers global had been suffering from the lockdown in China, due to the use of a being a key uncooked cloth supplier. However, packaged meals merchandise noticed a tremendous growth in consumption. A substantial percentage of populace pick out packaged ingredients consisting of ready-to-prepare dinner meals, packaged meals ingredients, and ready-to-consume meals. Globally, COVID-19`s poor effect on marketplace become mitigated through this robust call for.
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A list of some of the key suppliers present in the market are:
- Amcor Ltd.
- Constantia Flexibles Group GmbH
- Berry Global Group, Inc.
- Huhtamäki Oyj
- Sonoco Products Company
- Bemis Company, Inc.
- Sealed Air Corporation
- AR Packaging Group AB
- Mondi Group
- DS Smith Plc
- CCL Industries Inc.
- Uflex Ltd.
- Winpak Ltd.
- Rengo Co. Ltd.
- Transcontinental Inc.
- Epac LLC
- Emerald Packaging Inc.
- Glenroy, Inc.
- Schur Flexibles Group
- ProAmpac LLC
- Goglio Group
Global Flexible Packaging Market 2022-2030: Report Coverage and Highlights
- Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Segment-wise, country-wise, and region-wise market analysis
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Key product innovations and regulatory framework
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
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About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals Materials, Food Beverages, Packaging, Oil Gas, New Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
Our client base ranges from industry experts, investors, top companies in the chemicals; and oil gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical materials landscape with our cutting-edge analytics and advisory services.
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