Flexible Plastic Packaging Market

Flexible Plastic Packaging Market: Flexible Plastic Packaging to Gradually Replace More Rigid Packaging Formats During the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

  • 2019-02-14
  • REP-GB-4174
  • 71 Tables
  • 230 Figures
  • 441 pages
  • PDF PPT EXCEL
 Flexible Plastic Packaging Market

An Incisive, In-depth Analysis on the Flexible Plastic Packaging Market

This study offers a comprehensive, 360 degree analysis on the Flexible Plastic Packaging market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Flexible Plastic Packaging market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The global flexible plastic packaging market is analysed by Future Market Insights to find opportunities and analyse future trends. The report titled “Flexible Plastic Packaging Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,” states that the increasing adoption of bioplastics, paper, and nonwoven materials as alternatives to flexible plastic films is projected to hamper the growth of the global flexible plastic packaging market. The global flexible plastic packaging market is anticipated to be valued at around US$ 8,819.3 Mn by the end of 2018.

Flexible plastic packaging includes flexible and semi-flexible packaging formats such as bags, pouches, films, tubes, sacks, etc. Flexible plastic packaging has significant weight advantages that ensure benefits in terms of raw material inputs and distribution efficiencies.

Flexible plastic packaging products to gradually replace rigid packaging products

With the growing demand for flexible plastic packaging in the key end-use sectors such as food & beverages, electrical & electronics, and e-commerce industries, the flexible plastic packaging market is expected to witness significant growth during the forecast period. The crucial growth factor in the global flexible plastic packaging market is the growing demand for flexible plastic packaging due to its lightweight properties. Flexible plastic packaging, due to its flexibility, durability, and lightweight nature is increasingly replacing rigid packaging made of plastic and non-plastic materials such as glass and metal. Rigid packaging offers high-barrier packaging solutions irrespective of shelf-life requirements. Also, rigid packaging formats are vulnerable to breakage and corrosion. Consumer views and interactions with packaged products are changing and there is a growing focus on convenience, durability, shelf-life, and most importantly, sustainability. Traditional rigid packaging formats are replaced by innovative flexible plastic packaging options to meet customer needs. Brands are able to offer longer shelf life and convenient user experience to consumers with the help of flexible plastic packaging solutions. Flexible plastic packaging products can be made in opaque as well as transparent forms depending upon merchandising requirements of the product.

Packaging industry is gradually advancing towards green solutions due to the rising environmental concerns associated with flexible plastic packaging

Flexible plastic packaging takes hundreds of years to decompose and therefore, is not favored by many countries and organizations. In fact, the European Parliament has plans to ban all single-use plastics by the end of 2020. In the last few years, there has been a prominent increase in awareness regarding environmental issues associated with flexible plastic packaging. Sudden changes in plastic regulations could lead to turbulence in the flexible plastic packaging market, which might negatively impact the demand for flexible plastic packaging films. Furthermore, the flexible plastic packaging industry is gradually shifting towards alternative solutions rather than using plastic. This will ultimately impact the demand for flexible plastic packaging across the globe.

Restricted scope of multi-layered plastic film recycling to affect the global flexible plastic packaging market

The food packaging segment constitutes the highest share in the global flexible plastic packaging market. Flexible plastic packaging, especially the one used in food packaging, is multi-layered in nature, in order to provide atmosphere barrier protection. Flexible plastic packaging formats are formed by layers of plastic and metal (aluminum), and recycling of these products requires lot of segregation and categorization. Segregation allows these components to be further converted into recycled resins. Owing to the lack of a concrete segregation process, the recyclability of flexible plastic packaging becomes practically unfeasible. 

Transformations brought into the industry by global flexible plastic packaging market leaders

  • In March 2018, Constantia Flexibles Group acquired Indian film laminates producer Creative Polypack Limited. Creative Polypack Limited manufactures film-based flexible packaging for food and home & personal care industries. Lucrative incremental opportunity represented by the Indian flexible plastic packaging market is targeted by the company.

  • In February 2018, Berry Global Group, Inc. invested in the Spinlace technology to expand the production capacity of flexible plastic packaging by 17000 metric tons, serving the North American Market.

  • In August 2018, Amcor acquired Bemis in an all-stock combination, which makes Amcor the leading manufacturer of flexible plastic packaging in the U.S.

  • In January 2017, Mondi partnered with Nespresso Austria to develop biodegradable and compostable recycling bags, for facilitating recycling of capsules in the Austria region.

  • In March 2016, the company launched new flexible bags with its trademark Cross Seal technology that features an easy-to-open quad seal functionality.

Key players operating in the global flexible plastic packaging market include Amcor Ltd., Constantia Flexibles Group GmbH, Berry Global Group, Inc., Huhtamäki Oyj, Sonoco Products Company, Bemis Company, Inc., Sealed Air Corporation, AR Packaging Group AB, Mondi Group, DS Smith Plc, CCL Industries Inc., Uflex Ltd., Winpak Ltd., Rengo Co. Ltd., Transcontinental Inc., Epac LLC, Emerald Packaging Inc., Glenroy, Inc., Schur Flexibles Group, ProAmpac LLC, Goglio Group, Bischof & Klein GmbH & Co. KG, Clondalkin Group Holdings B.V., BBC Cellpack Packaging, Bryce Corporation, Printpack, Inc., Parkside Flexibles (Europe) Limited, Lindopharm GmbH, Flair Flexible Packaging Corporation, American Packaging Corporation, Coveris Holdings S.A., and Interflex Group Inc.

In this report, Future Market Insights offers a 10-year forecast of the global flexible plastic packaging market between 2018 and 2028. In terms of value, the global flexible plastic packaging market is expected to expand at a CAGR of 5.2% during the forecast period. The study reveals the dynamics of the flexible plastic packaging market in seven geographic segments along with a market analysis for the current flexible plastic packaging market environment and future scenario over the forecast.

Report Description

This Future Market Insights report studies the global flexible plastic packaging market for the period 2018–2028. The prime objective of this report is to offer insights and key flexible plastic packaging market trends pertaining to the flexible plastic packaging market that are gradually helping transform global businesses.

The global flexible plastic packaging market report begins with an executive summary for various categories and their share in the flexible plastic packaging market. It is followed by the flexible plastic packaging market dynamics and an overview of the global flexible plastic packaging market, which includes FMI analysis of market drivers, restraints, opportunity analysis, and trends that are affecting the growth of the market. Furthermore, to understand the popularity of the flexible plastic packaging segment, an attractiveness index and market share analysis with elaborated insights on the same are provided. These will show the flexible plastic packaging market’s attractiveness based on factors such as CAGR, incremental opportunity, and estimated market share in 2018. To show the performance of the flexible plastic packaging market in each country and region, BPS and Y-o-Y growth analysis are provided.

The global market for flexible plastic packaging is segmented as per material type, product type, packaging type, and end-use. On the basis of material type, the global market for flexible plastic packaging is segmented into oil base polymers and bioplastics. On the basis of product type, the global market for flexible plastic packaging is segmented into pouches, bags & sacks, tubes, sleeve labels, and films & wraps. On the basis of packaging type, the global flexible plastic packaging market is segmented on the basis of VSP (vacuum skin packaging), MAP (modified atmospheric packaging), and general barrier. On the basis of end-use, the global flexible plastic packaging market is segmented on the basis of food, beverages, personal care, homecare, pharmaceuticals, industrial packaging, and others.

The next section of the report highlights the flexible plastic packaging market by region and provides the market outlook for 2018–2028. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional flexible plastic packaging market. Main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific and the Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional flexible plastic packaging market for 2018–2028.

To ascertain the flexible plastic packaging market size in terms of value and volume, the revenue generated by key manufacturers of the flexible plastic packaging market and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the flexible plastic packaging market. In order to provide an accurate forecast, we initiated by sizing up the current flexible plastic packaging market, which forms the basis of how the flexible plastic packaging market is expected to develop in the future. Given the characteristics of the flexible plastic packaging market, we triangulated the outcome on the basis of three different types of analysis- based on the supply side, downstream industry demand, and the economic envelope. Additionally, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze the flexible plastic packaging market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the flexible plastic packaging market, and identify the right opportunities across the market.

The market segments for the global flexible plastic packaging market have been analyzed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to the growth of the flexible plastic packaging market. This detailed level of information is important for identifying various key trends in the flexible plastic packaging market. Another key feature of the global flexible plastic packaging market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective. The overall absolute dollar opportunity along with the segmental split is mentioned in the global flexible plastic packaging market.

To understand key growth segments in terms of growth and adoption, Future Market Insights has developed the ‘Attractiveness Index.’ The resulting index should help providers identify real flexible plastic packaging market opportunities.

In the final section of the report, the ‘dashboard view’ of companies is provided, to compare the current industrial scenario and their contribution to the flexible plastic packaging market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a flexible plastic packaging market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the flexible plastic packaging marketplace.

Key players operating in the global flexible plastic packaging market include Amcor Ltd., Constantia Flexibles Group GmbH, Berry Global Group, Inc., Huhtamäki Oyj, Sonoco Products Company, Bemis Company, Inc., Sealed Air Corporation, AR Packaging Group AB, Mondi Group, DS Smith Plc, CCL Industries Inc., Uflex Ltd., Winpak Ltd., Rengo Co. Ltd., Transcontinental Inc., Epac LLC, Emerald Packaging Inc., Glenroy, Inc., Schur Flexibles Group, ProAmpac LLC, Goglio Group, Bischof & Klein GmbH & Co. KG, Clondalkin Group Holdings B.V., BBC Cellpack Packaging, Bryce Corporation, Printpack, Inc., Parkside Flexibles (Europe) Limited, Lindopharm GmbH, Flair Flexible Packaging Corporation, American Packaging Corporation, Coveris Holdings S.A., and Interflex Group Inc.

Flexible Plastic Packaging Market Reports - Table of Contents

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