Global market for flexible packaging is expected to expand at a CAGR of 5.2% in terms of revenue, from 2016 to 2024.
Albany, NY -- (SBWIRE) -- 07/11/2019 -- This report provides forecast and analysis of the flexible packaging market on the global and regional level. The study provides historic data of 2015 along with forecast from 2016 to 2024 based on volume (thousand metric tons) and revenue (US$ Bn). It includes drivers and restraints of the flexible packaging market along with their impact on demand during the forecast period. The report also comprises the study of opportunities available in the market for flexible packaging on the global and regional level.
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In order to provide the users of this report with comprehensive view of the market, we have included detailed value chain analysis, listing companies for each node in the value chain. The study encompasses market attractiveness analysis, by material type, product type and application.
Segmentation comprises demand for individual products and end-users in all the regions and important countries in those regions. Material segmentation includes current and estimated demand for polymer, paper, aluminum and cellulose while application segmentation includes present and forecast demand for flexible packaging products in food & beverages, personal care, pharmaceutical, tobacco and industrial & institutional industries.
Market numbers have been estimated based on the average usage of different kinds of flexible packaging products such as stand-up pouches, vacuum pouches, retort pouches, gusseted bags, wicketed bags, converted roll stock, squeezable bottles and others in various end-use industries. Market size and forecast for each product segment have been provided in the context of global and regional markets. Market dynamics prevalent in China, North America, and Europe have been taken into account for estimating the growth of the global market. Market estimates for this study have been based on volume, with revenue being derived through regional weighted average price trends. The flexible packaging market growth has been analyzed based on expected demand over long term and short term coupled with macro-economic, demand side and supply side factors. Market data for each segment is based on demand volume and corresponding revenue. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturers' feedback and application requirement. All existing key end-users have been considered and potential in application areas have been arrived on the basis of secondary sources and feedback from primary respondents. Regional consumption patterns have been considered while estimating the market for various end-users of flexible packaging products in different regions. We have used the bottom-up approach to arrive at estimates for global flexible packaging market, split by regions. The global product segment and end-user split of the market has also been derived using the bottom-up approach, which is cumulative of each region's demand. Regional demand is the summation of sub-regions and countries within the target regions. Market share of companies has been derived on the basis of reported revenues by key manufacturers.
Several primary and secondary sources were consulted during the course of the study. Secondary sources include OneSource, Factiva, Hoover's, Chemical Weekly, UN Comtrade, company annual reports and publications among many others.
The report provides detailed competitive outlook including market shares and company profiles of key participants operating in the global market. Key players in the global flexible packaging market include Amcor Limited, Bemis Company, Inc., Sealed Air Corporation, Mondi Group, Berry Plastics Group, Inc., Huhtamaki Oyj etc. Company profiles include attributes such as company overview, financial overview, business strategy and recent developments.
The market has been segmented as below:
Flexible Packaging Market - Material Type
Biaxially-Oriented Polypropylene (BOPP)
Cast Polypropylene (CPP)
Biaxially-oriented polyethylene terephthalate (BOPET)
Poly Vinyl Chloride (PVC)
Ethylene Vinyl Alcohol (EVOH)
Flexible Packaging Market – Product Type
Converted Roll Stock
Flexible Packaging Market – Application
Food & Beverages
Bakery & Confectionery
Ready to Eat Food
Frozen & Chilled Food
Industrial & Institutional
Flexible Packaging Market - Regional Analysis
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa (MEA)
Rest of MEA
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