The ASEAN flexible packaging market is estimated to be valued at US$ 5.55 Bn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Flexible packaging is used for packing of food products, consumer goods, pharmaceuticals, and others. It provides easy handling, is ... Read more
Flexible packaging refers to packaging that is flexible rather than rigid. It includes packaging materials such as plastic films, aluminium foils and paper. Flexible packaging offers advantages such as lightweight, transportation-ease, and moisture and oxygen barriers that help extend shelf life. It is commonly used for packaging of food products, beverages, pharmaceuticals and various other consumer goods.
The ASEAN region has seen substantial growth in the packaged food industry over the past decade. Flexible packaging solutions are increasingly being utilized to package convenience food products such as snacks, biscuits, confectionery items and ready-to-eat meals. Flexible pouches, bags and wraps made from materials such as plastic films, foil and paper provide effective moisture and oxygen barriers to help extend the shelf life of packaged food. They are lightweight and take up less space ... Read more
