Fast Market Research announces the availability of the new TechNavio report, "Global Flexible Packaging Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/18/2015 -- In broad terms, packaging refers to the technology of enclosing a product for the purpose of storage, distribution, sale, and use. Flexible packaging is a non-rigid method of packaging, and flexible packaging products are made from flexible materials such as plastic, aluminum, and paper. These materials undergo a detailed conversion process such as printing, lamination, coating, and extrusion to develop different types of flexible packaging products, such as plastic bags and pouches, lidding films, foil bags, and sachets. Packaging these days is not only used to protect a product from spoilage, but it has also become important in improving the overall aesthetic appeal of the product, providing essential information about the product, maintaining the freshness of food and beverages, and providing convenience for consumers in terms of handling/carrying the product.
Get More Details on this Report and a Full Table of Contents at Global Flexible Packaging Market 2015-2019
Technavio's analysts forecast the global flexible packaging market to grow at a CAGR of 5.38% over the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "The increasing need for sustainable and Eco-friendly packaging is a key trend being witnessed in the global flexible packaging market. The public in many countries is concerned about the environmental impact and sustainability of packaging. Therefore, numerous consumer product manufacturers prefer using Eco-friendly packaging material as it provides an opportunity to promote environmental sustainability. The increased environmental concerns and the need to reduce pollution have led to more emphasis being placed on the sustainability of the environment, the use of recyclable materials, especially plastic, in packaging, and the use of resins that are derived from renewable resources. Factors such as these are expected to encourage packaging vendors to research and develop new materials or new Eco-friendly designs that result in the minimal use of non-biodegradable materials in packaging. Hence, there is a growing preference among vendors to use recyclable and biodegradable flexible packaging materials."
According to the report, most flexible packaging designs such as zippers, pouring spouts, peel-off lids, and microwavable pouches provide consumers with convenience in consuming and disposing of products. Such packaging designs are being increasingly produced to meet the growing consumer demand for food and beverage products that offer higher convenience and portability. Many packaging companies are planning to devise innovative products. Most of them are focused on inventing new packaging designs or attempting to redesign existing packaging.
Further, the report states that the highly fragmented nature of the market is proving to be a major challenge for vendors.
The key players in the Global Flexible Packaging Market are AEP Industries, Amcor, American Packaging, Automated Packaging Systems, Bemis, Berry Plastics, Coveris Holdings, Innovia Films, MeadWestvaco, Mondi, Printpack, Rexam, Sealed Air, Sonoco Products and Wipak while other prominent vendors include Anchor Packaging, Ball, Bellmark,Bischof + Klein, Britton Group, Cellpack, CL&D Graphics, Clear Lam Packaging, Clondalkin Group, Constantia Flexibles, Exopack, Flextrus, Fres-co System USA, Glenroy, Hood Packaging, Huhtamaki, JL Packaging, Oracle Packaging, Pactiv, Paharpur 3P, PERUPLAST, Phoenix Closures, Prolamina Corporation, Rollprint Packaging Products, Safta, Schur Flexibles, Sigma Plastics and Sudpack Verpackunge
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.
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