DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Flexible Packaging Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Asia Pacific flexible packaging market is projected to grow at a CAGR of 6.01% over the forecast period to reach a market size of US$49.928 billion by 2023 from US$35.170 billion in 2017.
Some of the key factors behind the significant growth of Asia Pacific Flexible Packaging Market are rising disposable income, improvement in the standard of living, and growing consumer demand for convenient packaging solutions. Hectic work lifestyle has induced the demand for easy-to-use and carry packaged food & beverages products, thereby driving the growth of Asia Pacific Flexible Packaging Market. The demand for flexible packaging is also derived from the growth of various end-user industries such as healthcare, food & beverages among others.
Emerging economies like China and India are expected to witness the substantial growth of flexible packaging market. China is expected to be the largest market for flexible packaging solutions due to its shift from production-based to a consumption-based economic structure. Rising number of supermarkets in the Asia Pacific region will boost the demand for flexible packaging solutions.
The technological advancements and innovations in the flexible packaging industry offer environmental-friendly benefits such as reduced use of plastic by way of package minimization, use of sustainable raw materials, reduced waste in the distribution chain, and reduced energy consumption during the recycling process. Moreover, flexible packaging generates fewer greenhouse emissions and contributes less to landfill waste against other packaging formats. Apart from governmental pressure towards sustainability, even consumers are now demanding sustainable packaging solutions due to rising environmental concerns, which will further augment the demand for flexible packaging solutions.
- Amcor Limited
- Bemis Company, Inc.
- Mondi plc
- Sonoco Products Company
- Wipak Group
- WestRock Company
- Uflex, Ltd.
- Huhtamaki Group
- Southern Packaging Group, Ltd.
- Takigawa Corporation
Key Topics Covered:
2. Research methodology
3. Executive summary
4. Market dynamics
5. Asia Pacific Flexible Packaging Market by Application
6. Asia Pacific Flexible Packaging Market by Products
7. Asia Pacific Flexible Packaging Market by Geography
8. Competitive intelligence
9. Company profiles
For more information about this report visit https://www.researchandmarkets.com/research/nzszcg/asia_pacific?w=4