Fast Market Research announces the availability of the new TechNavio report, "Flexible Plastic Packaging Market in the US 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 09/10/2015 -- Flexible plastics are a category of plastics that are thin, light, and easily stretchable, yet retain barrier characteristics along with being resistant to tearing or puncturing. These properties make flexible plastics suitable for manufacturing packaging products. They are chemically inert, cheap, and visually appealing, which enhances the appeal of the product they are used to pack.
Generally, they are used to pack non-durable and fast-moving unit loads and have limited bulk industrial use, with the exception of FIBCs. The key customers of flexible plastic packaging products are the F&B, personal care, and pharmaceutical and healthcare sectors.
Technavio's analysts forecast the flexible plastic packaging market in the US to grow at a CAGR of 3.39% over the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "Increased focus is being given to convenience and sustainability issues. Flexible plastic packaging materials are 80% lighter in weight than equivalent rigid plastic packaging materials as well as cheaper to manufacture. They also have high tensile strength and barrier properties. Flexible packaging is highly versatile and can be converted into many shapes and sizes. The development of convenient, innovative items, such as stand-up pouches, is making flexible plastics more popular. Carriage and warehousing costs for these items are also low."
Get More Details on this Report and a Full Table of Contents at Flexible Plastic Packaging Market in the US 2015-2019
According to the report, smart packaging refers to "smart" materials capable of sensing a change in the immediate external environment through the use of sensors and indicators, thereby increasing the shelf life of the items inside. Such materials take automatic rectifying actions in response to changes in the environment (whether temperature, moisture, or pressure related). Antimicrobial films, through additives, also control the growth of microorganisms. Such films are even fitted with radio-frequency identification tags for tracking items. These films is expected to have a significant impact on the growth of the market during the forecast period.
Further, the report states that major vendors are being forced to adopt lower prices, which will affect the overall profit margins of vendors and hinder market growth.
The key players in the Flexible Plastic Packaging Market in the US are Amcor, Bemis, Berry, Pactiv and Sealed Air while other prominent vendors include AEP Industries, Bischof + Klein, Clondalkin Group, Constantia Flexibles, Coveris, DS Smith, Graham Packaging, Huhtamaki, LINPAC Group, Printpack, Winpak and Wipak
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit - http://www.technavio.com/report/us-flexible-plastic-packaging-market
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Manufacturing research reports at Fast Market Research
You may also be interested in these related reports:
-Packaging Printing Market - Trends & Forecast to 2020
-Flexible Packaging Market in APAC 2015-2019
-Flexible Plastic Packaging Market in the APAC Region 2015-2019
-Plastic Packaging Market in APAC 2015-2019
-Latest Trends and Key Issues in the India Retail Packaging Market: The outlook for primary packaging and outers to 2018