Flexible Packaging Market is worth more than US$100 billion

Knowledge Sourcing Intelligence announces the publication of its new report on Global Flexible PackagingMarket by Packaging Material (Paper, Aluminium Foil, BOPP Film, Polyethylene Film, Polyethylene Terephthalate), Application (Food, Beverage, Cosmetics and Toiletries, Pharmaceutical and Healthcare among others), and Geography. Global Flexible Packaging Market is projected to grow at a CAGR of 3.85% over the forecast period to be worth more than US$ 128.17 billion by the end of 2021. This growth is attributed to various factors such as rapid urbanization, hectic work life among others. Changes in consumer preferences for easy-to-use and carry, packaged food and beverages will also fuel market growth. However, the growth of the industry will be restrained by environmental sustainability issues and government regulations over the forecast period. 

Asia Pacific to lead the market growth:
Growing health awareness among consumers, especially in emerging economies like China and India, will boost the demand for innovative packaging solutions. Moreover, factors such as rising disposable income, improving standards of living, and population growth will augment the demand for flexible packaging solutions in the region over the next six years. 

This report profiles some of the most promising players in the Flexible Packaging Market which include Amcor, Bemis, Mondi, Sonoco, Wipak Group, Ball Corporation, WestRock, Innovia Films, Sealed Air, and Printpack.

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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us help companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Packaging, Healthcare among others caters to diverse client needs.

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