DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/893n8d/flexible) has announced the addition of the "Flexible Packaging Market in APAC 2015-2019" report to their offering.
The flexible packaging market in APAC is set to grow at a CAGR of 5.38% in terms of revenue over the period 2014-2019.
Vendors are currently opting for the acquisitive route to increase their presence in developed and developing markets for flexible packaging, expand their product portfolio, and achieve economies of scale in production. Through acquisitions, vendors are able to focus more on product innovation and increase their profit margins by collaborating with each other. To maintain and expand their market share in the highly fragmented flexible packaging market in APAC, companies are trying to acquire other small packaging companies, and this is expected to positively influence market growth during the forecast period.
Nowadays people have busy schedules, so they are looking for convenience in everyday products, especially food, beverages, and toiletries, which require minimum time and effort to open, carry, and store. Most flexible packaging designs incorporate features such as zippers, pouring spouts, and peel-off lids, and many are microwavable, which provides consumers with convenience in consuming and disposing of products. Such designs are increasingly being produced to meet the consumer demand for food and beverage products that offer higher convenience and portability. Therefore flexible packaging is increasingly being adopted by manufacturers of consumer products to suit the needs of their customers.
The report states that the intense price competition affects the profitability of vendors as they tend to reduce the prices of their products to survive in this competitive environment, which is a challenge for the overall market.
The report covers the present scenario and the growth prospects of the flexible packaging market in APAC for the period 2015-2019. The report provides the segmentation of the market based on the following: product type, raw material, application, and geography. It covers Central and East Asia, and South East Asia and Oceania; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Automated Packaging Systems
- Cosmo Films
- Innovia Films
- SIT Group
- CL&D Graphics
- Clear Lam Packaging
- Fres-co System USA
- JL Packaging
- Oracle Packaging
- Paharpur 3P
- Phoenix Closures
- Rollprint Packaging Products
For more information visit http://www.researchandmarkets.com/research/893n8d/flexible.
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