Flexible packaging is a packaging film that is produced from flexible materials which can be used to package different shapes and size of the product. It is made up of paper, plastic, foil, sheet, laminated sheet, and metal sheet. They ensure protection from damage during transportation and storage. They increase shelf-life of the product and also reduce the production waste as it offers the least packaging possible. Flexible packaging uses fewer materials than rigid containers and also consumed less energy during production. Furthermore, it releases fewer greenhouse emissions which make a better solution for a sustainable environment.
The global flexible packaging market is projected to surpass US$ 400 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.4% during the forecast period (2019 to 2027).
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The global flexible packaging market has witnessed significant growth in recent past years, owing to increasing demand for packaging solutions from various end-user industries such as food & beverage, medical and consumer goods industries. The flexible packaging products provided enhanced protection, increased user convenience, and enhanced aesthetic appeal. These factors are expected to drive the growth of the global flexible packaging market during the forecast period.
On the basis of product type, global flexible packaging market can be segmented into stand-up pouches, vacuum pouches, retort pouches, converted roll stock, gusseted bags, wicketed bags, laminated tubes, squeezable bottles, and others. Rising demand for lighter and convenient packaging solutions in packaging industry is expected to provide lucrative growth to the market growth during the projected timeframe.
Global Flexible Packaging Market, By Product Type:
Converted Roll Stock
Key companies covered as a part of this study includes Amcor Limited, Bemis Company, Sealed Air Corporation, Berry Plastics Group, Inc., Mondi Group, Sonoco Products Co., Huhtamäki Oyj, Constantia Flexibles Gmbh, Ampac Holdings, Llc, Bischof + Klein International, Wipak Group, AR Packaging, Goglio Group, Schur Flexibles, Clondalkin Group, Flair Flexible Packaging Solution Cellpack Packaging, and Südpack Verpackungen
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