The global flexible packaging industry market is highly fragmented in nature with the presence of diverse small and medium enterprises (SMEs) as well as large scale manufacturers spread worldwide.
Flexible packaging often takes the shape of the product which is enclosed in this type of packaging. Various materials such as polyethylene, polypropylene, polyethylene, aluminum foil, paper and cellulose are used in the manufacture of flexible packaging. Moreover, it is typically characterized by the elasticity of the material used in the manufacture of flexible packaging. Furthermore, flexible packaging exhibits host of properties such as providing excellent barrier between external climatic conditions and the packaged product, addition of esthetic value to the packaged product, alteration of shape and size, and ability to print the outer side of the packaging with various designs and information. Additionally, flexible packaging can be formed by layering various types of the abovementioned materials to impart superior sturdiness and improve the shape of the packaging. For instance, Tetra packs make the use of paper, aluminum foil and polymers to provide excellent protection the packaged goods. Flexible packaging is used to package foods, beverages, pharmaceuticals, personal care products as well as home care products. Stand-up pouches, milk pouches & bags, laminated tubes, squeezable bottles, medicine bottles and food containers are some of the types of flexible packaging commonly used in the global market.
The global flexible packaging market is highly fragmented in nature with the presence of diverse small and medium enterprises (SMEs) as well as large scale manufacturers spread worldwide. Amcor Flexibles, Bemis Company, Inc., Emerald Packaging, Inc., Mondi plc, Sealed Air Corporation, Sonoco Flexible Packaging, Constantia Flexibles LLC, PERUPLAST S.A., Bischof + Klein, Wipak Group, Huhtamäki and Ukrplastic are some of the key manufacturers present within the flexible packaging market on a global scale. The flexible packaging market is often marketed by several merger and acquisition activities; research and development; and product innovation. Owing to the cutthroatcompetition present within the global flexible packaging industry, manufacturers are in the constant endeavor in terms of the abovementioned strategies in order to establish an edge over the other competitors.
On a regional scale, Europe has been the largest market for flexible packaging owing to the presence of a large-scale packaging industry in the region. Additionally, growing demand for farm-fresh food and dairy products protected by effect of the external environmental changes had resulted in a tremendous demand for flexible packaging. However, Asia Pacific is likely to witness the highest gain within the flexible packaging market over the next few years on account of the overall growth of the packaging industry. Key factors such as rising demand for packaged goods on account of changing lifestyle of consumers, growing disposable incomes of consumers. Furthermore emergence of the fast food, processed food and packaged food products in urban as well as rural areas of Asia Pacific are expected to augment the growth of the packaging market. Flexible packaging is anticipated to gain significant growth owing to key parameters such as light-weight, low cost of materials, and excellent technical properties such as ease of manufacturing and printing/labeling. Additionally, flexible packaging products consume less space as compared to other forms of packaging resulting in reduced logistic expenditure,
Growth of the food & beverages industry coupled with the increasing intensification of the global healthcare industry is the key factor which is expected to play a vital role in the growth of the flexible packaging industry. Furthermore, technical advancement in the flexible packaging industry is likely to substitute other packaging materials such as glass, metals and wood.
Plastics dominated the market accounting for more than half the global flexible packaging demand in 2013. Abundant availability of polymers, ease of molding, low cost and compatibility of polymers with additives such as antimicrobials and antioxidants have resulted in exponential demand for plastics within the global flexible packaging material market over the past few years. This trend is likely to continue throughout the forecast period. Papers and aluminum foil are expected to witness substantial growth within the flexible packaging market owing to their biodegradability property. Thus, the global flexible packaging is set to witness substantial growth over the next few years.
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