London, 10 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the global flexible packaging market 2015-2019, which is expected to register a CAGR of 5.38% during the forecast period of 2014-2019.
The increasing demand for more SKU sizes, a wide range of colored packaging products, and different packaging solutions for different products is expected to positively influence the demand for flexible packaging products in the market. In addition, numerous vendors are establishing manufacturing plants in emerging markets where production costs are low and the efficiency level is high.
“Rising demand for small-sized packs has motivated packaging companies to expand their product and material offering for every product in the global flexible packaging market,” says Faisal Ghaus, Vice President of Technavio.
“This preference for small-sized packs affords opportunities for brand switching as consumers buy products regularly and are not committed to using up a large volume of product.”
Key Market Drivers
- Increasing Demand for Convenient Packaging
- Rising Demand for Packaged Food and Beverages
- Increased Demand for Plastic-based Flexible Packaging Products
- Growing Demand for Stand-up Pouches
- Increased Preference for Aesthetically Appealing Products
- Increase in Technological Innovations
Key Market Trends
- Growing Popularity of Sustainable Packaging
- Increase in Number of M&A
- Surge in Demand for High-barrier Flexible Packaging
- Adoption of Retort Pouch Packaging
- Growing Demand for Small-sized Packs
- Use of Smart Packaging Materials
- Increase in Popularity of Modified Atmosphere Packaging
Key Market Vendors
- AEP Industries Inc.
- Amcor Ltd.
- American Packaging Corp.
- Automated Packaging Systems
- Bemis Co. Inc.
- Berry Plastics Group Inc.
- Coveris Holdings
- Innovia Films Ltd.
- MeadWestvaco Corp.
- Mondi plc
- Printpack
- Rexam plc
- Sealed Air Corp.
- Sonoco Products Co.
- Wipak Group
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
