Global Flexible Packaging Market is valued USD 221.82 billion in 2016 is anticipated to grow USD 335.4 billion with the compounded annual growth of 4.7% over the forecast period 2017-2025.
New York 1 July 2018, as per the new research study conducted by Bizwit Research & Consulting, Global Flexible Packaging industry is poised to raise USD 335.4 billion by 2025. Developing nourishment necessity by virtue of expanding populace in the Asia Pacific, especially in India and China, is one of the key patterns reinforcing market development. The bundled sustenance showcases in the U.S. also, Europe has developed immensely as of late. Advancement of generation advances, utilization of case prepared to bundle, and enhanced bundling hones are foreseen to work for the market. Also, headways on handling advancements in the nourishment part in the U.S. what’s more, nations of European Union are assessed to additionally increase bundled nourishments advertise, which thusly will raise the interest for adaptable bundling.
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The industry seems to be fairly competitive. Some of the leading market players include Bemis Company, Inc., Mondi Plc., Huhtamaki Oyj, Sealed Air Corporation, Sonoco Products Company and so on. Other market players discussed in the report include Amcor Ltd., Ukrplastic, Ampac Holdings, Wipak group. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The packaged food sector is driven by innovation in processing techniques, which are used for boosting food products.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
Bizwit Research & Consulting LLP has considered the following segments for the study:
By Raw Material:
- Aluminum Foil
- F & B
- North America
- Asia Pacific
- Latin America
- Rest of the World