- The key vendors in the Global Flexible Plastic Packaging Market 2015-2019 are Amcor Ltd., Bemis Co. Inc., Berry Plastics Corp. and Sealed Air Corp.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Flexible Plastic Packaging Market 2015-2019. One of the major trends set to emerge in the Global Flexible Plastic Packaging market during the forecast period is the growing consumer preference for flexible plastics in favor of rigid plastic packaging material. Increased focus is being given to convenience and sustainability issues. Flexible plastic packaging materials are 80 percent lighter in weight compared to the equivalent rigid plastic materials and are also cheaper to manufacture. The Global Flexible Plastic Packaging market is expected to grow at a CAGR of 4.86 percent during the forecast period of 2014-2019.
There has been a huge improvement in quality as well as diversity of polymer materials used for producing packaging products. The development of materials such as Bi-axially oriented polypropylene, bi-axially oriented polyethylene terephthalate, and ethylene vinyl alcohol has improved the barrier properties of packaging items.
BOPP and BOPET have high tensile strength, clarity, chemical inertness, dimensional stability, and electrical insulation because of their biaxial orientation. In addition, these materials add to the brand personality and shelf appeal at points of sale.
“An increase in the consumption of ready-made packaged foods requires packaging that can preserve the contents inside for a longer period of time,” says Faisal Ghaus, Vice President of TechNavio Research.
“Hence, modified atmosphere packaging is gaining popularity. It aids in increasing the shelf life of foods that are minimally processed.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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