Flexible paper packaging: Key market research findings
- Growing preference for paper packaging
- Increased usage of uncoated kraft paper
Technavio has added a new market research report on the global flexible paper packaging market, to its paper packaging portfolio. The global flexible paper packaging market is expected to grow at a CAGR of around 5% between 2015 and 2019 due to increased demand for flexible packaging from various end-user industries such as food and beverage, pharmaceuticals, and electronics. North Americas accounts for around 40% of the overall market share. The growing demand for boxboard and containerboard in the food industry will drive the growth of this market. The US will continue to be an important revenue contributor on account of increasing concerns about sustainability among consumers and growing infrastructure of contract packagers.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The demand for paper packaging has gained prominence due to their lightweight and durable features. Various types of paper packaging materials are available in the market, ranging from simple wraps to cartons. Consumers prefer paper packaging as these preserve food for a longer time. Manufacturers are opting for paper packaging materials, such as kraft paper and uncoated paper, as they lower the transportation and handling expenses,” says Sriram Mohan, Lead Analyst, Transportation & Logistics, Technavio Research
Flexible paper products are increasingly preferred as they can be easily recycled. The uncoated kraft paper accounts for around 32% of the overall market due to the development of innovative products. For instance, Mondi launched products such as Aqua liners and kraft top liners in the uncoated kraft paper segment. These products offer water-resistance and sustainability properties.
The key vendors in the global flexible paper packaging market include American Packaging, Bell, International Paper, and Sonoc. The market is highly fragmented with the presence of many local and international vendors. Competition among vendors has intensified in terms of product differentiation, portfolio, and pricing. The companies are setting up new manufacturing plants and launching new products in emerging markets.
A more detailed analysis is available in the Technavio report, Global Flexible Paper Packaging Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other related Reports:
- Global Advanced Packaging Market 2015-2019
- Global Bulk Container Packaging Market 2015-2019
- Global Antivirus Software Package Market 2015-2019
- Global Gluten-Free Packaged Food Market 2015-2019
- Frozen Food Packaging Market in the US 2015-2019
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