Flexible Packaging Market 2023-2028 Size, Share, Growth, Analysis, Trends and Forecast

NEW CITY, N.Y. - Nov. 3, 2021 - PRLog -- According to IMARC Group's latest report, titled "Flexible Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" The global flexible packaging market size reached US$ 124.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 162.4 Billion by 2027, exhibiting at a CAGR of 4.5% during 2022-2027.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Flexible packaging is primarily manufactured by using easily reformed materials that could be molded into different shapes. It is usually made by combining numerous materials, such as high-quality paper, film, aluminum foil, etc. These materials can be shaped into pouches, bags, liners, overwraps, etc. Consequently, flexible packaging is extensively used across diverse sectors, food processing, consumer products, cosmetics, pharmaceuticals, etc.

Market Trends

The increasing demand for processed food items due to the on-the-go consumption habits is further augmenting the adoption of flexible packaging in the food sector. Furthermore, the rising consumer awareness towards several benefits of flexible packaging pertaining to food safety, effective permeability, longer shelf life, convenience, etc., is also propelling the market growth. The market is further catalyzed by numerous technological advancements leading to emergence of innovative and advanced product variants.

Request Free Sample Report: https://www.imarcgroup.com/flexible-packaging-market/requestsample

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Amcor, Bemis Company, Berry Global, Mondi, Sealed Air, Aluflexpack novi, Bak Ambalaj Sanayi, Constantia Flexibles, Clondalkin Group, Danaflex, DS Smith, Glenroy, Huhtamäki, Printpack and ProAmpac.

The report has segmented the market on the basis of product type, raw material, printed technology, application and geography.

Breakup by Product Type

• Printed Rollstock
• Preformed Bags and Pouches
• Others

Breakup by Raw Material

• Plastic
• Paper
• Aluminium Foil
• Cellulose

Breakup by Printing Technology

• Flexography
• Rotogravure
• Digital
• Others

Breakup by Application

• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/flexible-packaging-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Contact US:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800