Flexible Packaging Industry Market Research Reports, Industry Analysis and Trends
Fexible packaging is the process of packaging using materials such as plastic and paper; majority of plastic is used for its versatile and durable quality. Plastic can be molded to fit or make any form that will cover and protect the product. Flexible packaging holds the volume share of the materials utilized for primary packaging in the overall packaged food industry. Meanwhile, sachets and bags represent the largest sector of the primary food packaging market. The packaging companies continue to create significant value for consumer product companies through innovative packaging solutions that reduce production and shippin costs and designs that are advanced to differentiate brands and boost sales.
The latest evolution in the packaging industry, flexible packaging, has gained global popularity for various benefits over rigid plastic packaging solutions; benefits such as fucntional convinience in handling, cost efficiency and brand protection is strenghtening flexible packaging industry. Flexible packaging solutions are provided to F&B, medical, personal care, household, agricultural, adhesive, chemical and electronic products manufacturing companies across the globe with highest levels of quality, service and innovation along with special features designed specifically for certian products. With constant technological evolutions and stiff competitions to keep up with the demand of the consumers, flexible packaging companies are improving the sustainable environmnents. North American and European companies particularly are facing an increased tough competition from Asian market giants from China and India where the demand and supply for flexible packaging solutions is at an all time high and expected to increase with wider expansion of the market.
The global flexible packaging industry is estimated to be US $160 billion and estimated to be growing at a steady rate of 7.5% and more yearly as the demand grows. North American, Eurpean and Asia Pacific regions account for 70% share of the total market globally. In developed nations, the growth rate for flexible packaging is increasing at 2.5% to 3.5%, where as in developing countries the growth is estimated to be at 8% to 12% annually. India in particular is at a record growth rate of 15% to 18% annually, due to the expanding metros and increased domestic transportation of consumer goods.
Flexible Packaging Industry Current Trends
Flexible packaging is set to gain momentum in the emerging markets and preparing to expand in the existing market with great potential for growth being one factor, the deminishing rquirement for non-sustainable materials used in different packaging solutions being the other. Driven by strong growth rate and excellent returns trend has made flexible packaging a new and fresh sector that uses approximately 16.4 million metric ton of different types of materials to convert into flexible packaging solutions. The increased value for recyclability and reusability has made packaging industries to utilize sources that are environmental friendly and materials that are light weight or materials that can be made into light weight packaging products,
Sustainability, cost effectiveness, convinience are the major aspects of any packaging organization's business. Due to high-pressures, regulations and policies, packaging solutions are getting trimmed down to the point of designing of easy-to-use features for aging population and convinient and safe and secure packaging for F&B products. From growing demand for stand-up pouches that are enabling advanced barriers, laminations and fitments for F&B industry's illustrious range of products to slider zipper, 3D bags and WPP bags that are tamper evident and tamper proof for better efficient transportation and also for unique brand value they bring for F&B products. Traditional outlets such as street vendors are increaingly demanding for sustainable packaging solutions for snack foods, takeaway and parceled foods. Pharma and medical markets are influencing the growth as flexible paper packaging solutions are increaingly being utilized as they reduce contamination and infections with their tight and efficient packaging techniques.
Major Flexible Packaging Industry Players
Major companies in flexible packaging are, A Schulman Inc, Uflex, Umax, Ampac, Amcor, YORK label, Exopack, AEP, Alcan, Bernis Co and Sealed Air Corp.