Flexible Plastic Packaging Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Trends, Drivers and Vendor Forecasts for 2021-2025
Accelerating at a CAGR of almost 5%, the flexible plastic packaging market is expected to grow by post an incremental growth of $ 40.13 bn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Flexible Plastic Packaging Market: Market Segments and Key Trends
The Flexible plastic packaging market is segmented by Product (Pouches, Bags, Films and wraps, and Others), End-user (Food and beverage, Healthcare, and Others), and Geography (APAC, Europe, North America, South America, and MEA). APAC led the market with 45% of the market growth set to originate from this region during the forecast period. High cost involved in manufacturing flexible plastic packaging is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
Flexible Plastic Packaging Market: Leading Factors to Drive Market Growth
The Rising focus on improving the shelf life of products is one of the primary factors driving the growth of the flexible plastic packaging market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
Flexible Plastic Packaging Market: Vendor Analysis
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Amcor Plc, Berry Global Group Inc., CCL Industries Inc., Clondalkin Group Holdings BV, Coveris Management GmbH, Huhtamaki Oyj, Mondi Group, Sealed Air Corp., Sonoco Products Co., and UFlex Ltd. are some of the major market participants.
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Flexible Plastic Packaging Market: Key Highlights of the Report for 2021-2025
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Flexible Plastic Packaging: Discover Key Drivers that will Boost Growth
Synopsis of Growth Drivers with Market Forecast 2021-2025
The Global Flexible Plastic Packaging Market is projected to grow by $ 40.13 bn, accelerating at a CAGR of over 4.78% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.
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Flexible Plastic Packaging Market: What are the factors that will drive market growth?
Technavio has identified Rising focus on improving the shelf life of products as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Flexible Plastic Packaging Market: Growth Segments
This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Flexible Plastic Packaging Market is segmented by Product (Pouches, Bags, Films and wraps, and Others), End-user (Food and beverage, Healthcare, and Others), and Geography (APAC, Europe, North America, South America, and MEA). Request our Free Sample Report
Flexible Plastic Packaging Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Amcor Plc, Berry Global Group Inc., CCL Industries Inc., Clondalkin Group Holdings BV, Coveris Management GmbH, Huhtamaki Oyj, Mondi Group, Sealed Air Corp., Sonoco Products Co., and UFlex Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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