Pune, India -- (SBWIRE) -- 03/19/2018 -- Market Research Future published a research report on "Global Flexible Packaging Market Research Report- Forecast 2023" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Technological advancements in packaging plays a vital role in driving the growth of flexible packaging market. Advanced technology in packaging has allowed companies for innovation in products instead of sticking to traditional methods of packaging. Due to this, many companies are investing in R&D and are coming up with advanced flexible packaging products with barrier resistance properties that offer resistance against heat and moisture and eliminates oxidation of foods. Such properties prove effective in maintaining the quality and consistency of food products while extending their shelf life without the use preservatives. For example, the shelf life of cucumbers is extended from three days to fourteen days when wrapped in polyethylene shrink wrap. Recent advancements in materials and production processes have reduced the weight of some flexible packages up to 50%, subsequently lowering product shipping costs while maintaining or improving product protection.

Taste the market data and market information presented through more than 64.89 market data tables and figures spread in 118 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Flexible packaging Market Information from 2015 to 2023"

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The growth of flexible packaging market is influenced by increased consumption of processed foods & beverages, innovation in packaging and environmental advantage of such packaging. However, fluctuation in raw material prices and stringent regulations on packaging material waste and recycling expected to hinder the growth of the flexible packaging market.

Rise in demand for packaged foods & beverages including ready-to-eat meals, frozen meals, and snack foods. Increase in consumer income in countries such as China, India, and Brazil, has led to a growth in demand for good-quality packaged food. Technological advancements in packaging plays a vital role in driving the growth of flexible packaging market. Advanced technology in packaging has allowed companies for innovation in products instead of sticking to traditional methods of packaging.

The report has analyzed the market based on the four segments: material, product, printing technology, and application in the regions of North America, Europe, Asia-Pacific and rest of the world. On the basis of material it includes plastic, paper, aluminum, and other. Plastic accounts for a strong demand from the food and beverages industry in terms of packaging. On the basis of product it includes pouches, bags, wraps, and others. On the basis of printing technology, it is segmented as flexography, digital printing, and others. Moreover on the basis of application it includes food & beverages, pharmaceutical, personal care, and others. Food & beverage dominated the market by application. The global flexible packaging market is expected to reach USD 342.85 Billion at the end of the forecasted period and is expected to grow at CAGR of 5.92% from 2017 to 2023.

Industry News:

On October 2016, Coveris launched Nextrus Boneless Shrink bags so as to offer innovation in sustainability and performance of the products.

In 2016, Hutamaki acquired FIOMO who is a manufacturer of flexible packaging foils and labels. By acquiring FIOMO, Hutamaki would expand its flexible packaging manufacturing in Europe and will be able to offer high quality off-set printing capabilities.

On April 29, 2016, Bemis Company Inc. acquired medical device packaging operation of SteriPack Group. This acquisition will diversify their presence in Ireland as well as packaging production assets in Malaysia and the U.S.

On 1st December 2015, Flair Flexible Packaging Corporation acquired NuPack Corporation (NuPack), so as to strengthen the flair's approach in integrated supplier in the industry

Flexible packaging Market – Segments

For the convenience of the report and enhanced understanding; The Flexible packaging Market is segmented in to 3key dynamics

Segmentation by Material – Plastic, Paper, Aluminum and Others

Segmentation by Product – Bags, Pouches, Wraps and Others

Segmentation by Printing Technology: Flexography, Digital Printing and Others

Segmentation by Application: Food & Beverages, Pharmaceuticals, Personal Care and Others

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Regional Analysis of Global Flexible Packaging Market

Asia-pacific dominates the global flexible packaging market with the largest market share, of 31.72% in 2016. The booming e-commerce market in the region is also contributing to the growth of the flexible packaging market. The e-commerce market is boosted by the increasing internet penetration. North-America is expected to grow at 6% CAGR during the forecast period.

Key Players

The key players of global flexible packaging market report includes Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Constantia Flexible Group GmbH (Austria), Huhtamaki Group (Finland), Clondalkin Group Holdings B.V. (The Netherlands), Coveris Holdings S.A. (U.S.), and Sonoco Products Company (U.S.).

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global flexible packaging market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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