DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Flexible Packaging Market by Material, Printing Technology, Type and by Application - Global Forecast to 2021" report to their offering.
The global market for flexible packaging is projected to grow from USD 97.97 billion in 2016 to USD 125.66 billion by 2021, at an estimated CAGR of 5.11% from 2016 to 2021
The flexible packaging market is driven by growing end user industries such as food & beverages, cosmetics & toiletries, healthcare, and others (household products, oil & lubricants, agricultural products, and sporting goods). Furthermore, changing consumer lifestyles and growing consumption of ready-to-eat and pre-made meals are the biggest factors leading to increase in demand for convenient flexible packaging which also increases the safety of food & beverage products.
"Retort pouches segment is projected to grow at the highest rate during the forecast period"
The retort pouches segment is projected to grow at the highest rate among all pack types. This is mainly because of the growing consumption of ready-to-eat meals and excellent barrier properties provided by retort pouches against oxygen, moisture, and other contamination. However, the stand-up pouches segment is projected to account for the largest market share in 2021 owing to its various functional characteristics and eye-catching shelf appeal.
"Asia-Pacific accounted for the largest market share in 2015"
The global flexible packaging market is segmented, region-wise, into North America, Europe, Asia-Pacific, Middle East, and RoW. The Asia-Pacific region accounted for the largest share among all the regions in 2015 and is projected to grow at the highest rate from 2016 to 2021. This is mainly due to increasing demand from end-user industries from countries such as China, India, and Japan, coupled with the growing population and increasing disposable income in these countries.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Flexible Packaging Market, By Material
8 Flexible Packaging Market, By Type
9 Flexible Packaging Market, By Printing Technology
10 Flexible Packaging Market, By Application
11 Flexible Packaging Market, By Region
12 Competitive Landscape
13 Company Profiles
- Amcor Limited
- Ampac Holdings, LLC
- Bemis Company, Inc.
- Clondalkin Group Holdings B.V.
- Constantia Flexibles Group GmbH
- Coveris Holdings S.A.
- Huhtamaki Group
- Mondi Group
- Sealed Air Corporation
- Sonoco Products Company
For more information visit http://www.researchandmarkets.com/research/s7w4mx/flexible