Flow Wraps Market Analysis

The global flow wraps market is expected to grow on the backdrop of the food & beverage industry growth, especially the confectionary food products. The global food & beverage packaging market is projected to expand at a CAGR of 5%, globally, during the forecast period. One of the key drivers expected to have maximum contribution to growth of the global flow wraps market is the high level of competition among manufacturers. Some manufacturers focus on manufacturing flow wraps with special features such as higher resistance to temperature as compared to conventional flow wraps. For instance, heat-seal flow wraps offers better protection of product and further extends the shelf-life of the product than conventional flow wraps. Such features have enabled flow wraps to significantly gain market share from the erstwhile popular conventional packaging, with candies wrapped in foil and paper. The growth in demand of flow wraps is also expected to fuel growth of the flow wrapping machines market, over the forecast period. To enable excellent presentation of the package, flow wraps are designed to be compatible with the latest printing technologies, and are therefore, customizable. Some varieties allow flexographic printing for up to nine colours. These factors are expected to catapult growth of the global flow wraps market.

Global Flow wraps market: Segmentation

The Flow wraps market has been segmented as follows –

Global Flow wraps market: Geographical Outlook

The North American and Western European regions are expected to lead the global flow wraps market, over the forecast period. However, with growing urban population in the region, coupled with shift in consumer preference, the Asia Pacific region is anticipated to surpass the North America and Europe flow wraps market by the first half of the next decade. Increase in the number of retail outlets and growing penetration of modern trade is expected to be the key contributors to growth of the APEJ flow wraps market, over the forecast period. The Latin American region is also expected to witness healthy growth in the regional flow wraps market, over the forecast period. However, ongoing recovery from the recession of 2015 might hamper growth rate.

Global Flow wraps market: Key Players

Some of the key players operating in the global flow wraps market are – Amcor Limited, Bemis Company, Inc., Mondi Group, OPM Group, and Multifilm – DDG, among others.

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