DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/v3kpqp/global_flexible) has announced the addition of the "Global Flexible Packaging Market 2014-2018" report to their offering.
The analysts forecast the Global Flexible Packaging market to grow at a CAGR of 4.95 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in demand for convenience in packaging. The Global Flexible Packaging market has also been witnessing the growing concern for environmentally friendly packaging. However, the highly fragmented market could pose a challenge to the growth of this market.
The key vendors dominating this market space are Bemis Co. Inc., Berry Plastics Group Inc., Sealed Air Corp., and Sigma Plastics Group.
Other vendors mentioned in the report are AEP Industries Inc., Amcor Ltd., Ball Corp., Crown Holdings Inc., Exopack LLC, Hood Packaging Corp., Printpack Inc., Rexam plc, and Sonoco Products Co.
Commenting on the report, an analyst from the team said: The increasing need for sustainable and eco-friendly packaging is another trend being witnessed in the Global Flexible Packaging market. The public in many countries are raising environment and sustainability issues against packaging manufacturers. Numerous consumer product manufacturers prefer using eco-friendly packaging material as it provides an opportunity to promote environmental sustainability. The increased environmental concern and the need to reduce pollution have led to more emphasis being placed on the sustainability of the environment, the use of recyclable materials, especially plastic, in packaging, and the use of resins that are derived from renewable resources. Factors such as these are expected to encourage the packaging vendors to research and develop new materials or incorporate new eco-friendly designs which encourage minimal use of non-biodegradable materials in packaging. Hence, they prefer to use recyclable and biodegradable flexible packaging materials.
According to the report, one of the main drivers in this market is the increasing demand from consumers for convenient packaged products. Consumers look for products which are easy to open, consume, store, carry, and dispose of, which has led to an increase in the demand for flexible packaging as it is convenient to use.
For more information visit http://www.researchandmarkets.com/research/v3kpqp/global_flexible
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.