Flexible Packaging Market Trends: 2021 Strategic Assessment, Research, Region
Overview
The global flexible packaging market is projected to grow at a CAGR of 6.09% during the forecast period. As per the flexible packaging market research report, the global market for flexible packaging is projected to grow at a fast pace. According to analysts, increasing import and export activities around the world as well as the growth in the e-commerce sector will drive the market growth during the forecast period. The flexible packaging market research report offers a comprehensive analysis of the global flexible packaging market and its application, printing technology, product type, and material segments. The high cost of raw material along with inconsistency in pricing are the elements that could influence the flexible packaging market advancement throughout the forecast period. The flexible packaging market research report by expert analysts is developed to assist organizations in the flexible packaging market.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for flexible packaging are predominantly covered in the global flexible packaging market research report. Country-level flexible packaging markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level flexible packaging markets are covered in the report. In Asia-Pacific (APAC) region, the country-level flexible packaging markets covered are Japan, India, China, and others. The flexible packaging market research report also explores the regional market for flexible packaging present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The flexible packaging market research report also covers regional markets from the rest of the world alongside flexible packaging markets of Africa and the Middle East.
Competitive Landscape
Increasing population and rapid industrialization are presumed to drive the flexible packaging market growth worldwide. The global flexible packaging market could be challenged by availability of substitutes, nevertheless, organizations in the flexible packaging market will carry the growth rate forward. The flexible packaging market research report presents company profiles of major companies active in the flexible packaging market globally. Furthermore, the global flexible packaging market report offers an all-inclusive analysis of the market collected from the flexible packaging market’s primary and secondary sources covering both decision makers and thought leaders. The flexible packaging market research report highlights such key areas assisting businesses operating in the flexible packaging market to build better growth strategies.
Industry News
The members of the Flexible Packaging Europe (FPE) association say in a recent statement that they are "very concerned" about the recent developments on the European polymer markets. Over a very brief time, manufacturers of flexible packaging have faced a growing number of declarations by the leading polymer manufacturers in Europe about "force major" or "maintenance" advertisements which generate sudden and significant shortages along with price increases in the supply chain, according to the authorities.
Market Segmentation
The global flexible packaging market has been segmented based on application, printing technology, product type, and material. On the basis of application, the market for flexible packaging is segmented based on food & beverage, personal care, pharmaceutical, and others. Additionally, the market on the basis of printing technology, is segmented into flexography, digital printing, and others. The global market for flexible packaging is also covered based on the product type segment which is further split into pouches, bags, wraps, and others. On the basis of material, the market for flexible packaging is segmented based on plastic, paper, aluminum foil, and others.
Major elements such as lack of awareness could obstruct the flexible packaging market growth. However, according to the flexible packaging market research report, rising demand from various end-use industries along with the growing demand for RTD and on-the-go foods will propel growth throughout the forecast period. The flexible packaging market is set to register growth at a high CAGR owing to these key factors. The exploration of application, printing technology, product type, and material segments along with regional markets has been given in the global flexible packaging market research report. The research analysts studying the flexible packaging market have put out market forecasts in the flexible packaging market research report in order to support flexible packaging market-based companies. The flexible packaging market research report provides an extensive understanding of the flexible packaging market based on the information and forecasts till 2025.
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