London, 20 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the flexible plastic packaging market in the US 2015-2019, which is estimated to grow at a CAGR of 3.39% during 2014-2019.
“Flexible plastic packaging materials are 80% lighter in weight than equivalent rigid plastic packaging materials as well as cheaper to manufacture,” says Faisal Ghaus, Vice President of Technavio.
“Flexible packaging is highly versatile and can be converted into many shapes and sizes. The development of convenient, innovative items, such as stand-up pouches, is making flexible plastics more popular.”
Key Market Drivers
- Increased use of modified atmosphere packaging
- Rise in demand for smart packaging materials
- Increase in demand from food and beverage sector
Key Market Trends
- Shift from rigid to flexible packaging
- Increased R&D spending by manufacturers
- Advances in technology
- Increase in M&A
Key Market Vendors
- Amcor
- Bemis
- Berry Plastics
- Pactiv
- Sealed Air
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%…
