This industry research report presents a comprehensive analysis of the flexible packaging market in Europe by end user (confectionary products, pharmaceuticals, personal care, pet food, meat products, dairy products, frozen food products, fruits and vegetables, and other food products), and by raw materials (plastic, paper, aluminum foil, and other materials). Leading vendors in the market are Amcor, Clondalkin, Constantia Flexibles, Mondi, Sealed Air, and Wipak.
Technavio’s market research analysts estimate the flexible packaging market in Europe to grow at a CAGR of almost 6% between 2016 and 2020. The increasing demand for plastic-based flexible packaging products is a key factor spurring the growth of this market. The growing preference for processed and packaged foods and the demand for convenient packaging are also expected to contribute to the growth of the flexible packaging market in Europe over the next four years. In 2015, the confectionary products segment dominated the market and accounted for more than 22% of the market share in terms of revenue. The rising demand for confectionery products in Europe, especially in the Western European countries, will fuel the growth prospects of flexible packaging market in Europe through 2020.
The new market research report from Technavio presents a breakdown and analysis of the flexible packaging segments by raw material.
“Increasing concerns about the environment and the need to minimize pollution has given way to a greater emphasis on the development of sustainable packaging materials, such as biodegradable plastics, that are recyclable and do not emit toxic gases during production. By using flexible packaging instead of rigid packaging, vendors and consumers can reduce the quantity of packaging material and water and reduce the emission of greenhouse gases,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
The plastic segment dominated the flexible packaging market in Europe in 2015, accounting for over 71% of the overall market revenue. The versatile nature of plastic, which makes for convenient, lightweight, and cost-effective packaging is the primary driver for the growth of this segment of the market. However, numerous manufacturers are now shifting toward bioplastics that are derived from plant source owing to the increasing popularity of eco-friendly and biodegradable substances. This switch to bioplastics is expected to contribute to the growth of the plastic-based flexible packaging market in Europe during the forecast period.
The key vendors in the flexible packaging market in Europe are Amcor, Clondalkin, Constantia Flexibles, Mondi, Sealed Air, and Wipak. The flexible packaging market in Europe is highly fragmented owing to the presence of several well-established international and local players. There is intense competition among the market vendors in terms of product differentiation, portfolio, and pricing. Also, the vendors in the market are expanding their businesses by setting up new manufacturing plants and launching new products in the emerging countries.
A more detailed analysis is available on the Technavio report, Flexible Packaging Market in Europe 2016-2020.
We can customize reports by other regions and specific segments upon request.
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