Flexible plastic packaging involves various types of plastic materials used for the packaging of different products. The type of material to be used in packaging depends upon the application and the type of product to be packaged. Generally, plastic materials such as Polyethylene, Polypropylene, polystyrene and polyvinyl chloride are used in flexible plastic packaging. It is thin, light, easily stretchable, and is used for packaging of food & beverage products as it protects them from oxidation as well as it extends their shelf life.

The Global Flexible Plastic Packaging Market Size is anticipated to expand moderately at a CAGR of 5.2% during the forecast period of 2017-2023.

Key Players

Amcor Limited(Victoria)

Constantia Flexibles Group GmbH (Austria)

Mondi Group (Johannesburg)

Sealed Air Corporation (North Carolina)

Sonoco Products Company (U.S.)

Coveris Holdings S.A. (U.S.)

Huhtamaki Group (Finland)

Bemis Company Inc. (U.S.)

Ampac Holdings LLC (U.S.).

Segmentation

The global Flexible Plastic Packaging Market Size has been segmented on the basis of type, printing technology and application. Based on type, the Flexible Plastic Packaging Market Size has been segmented into stand-up pouches, flat pouches, gusseted, bags and others. The stand-up pouches segment is anticipated to account for the largest market share during the forecast period due to growing consumption of dairy products, cosmetics, food & beverages and personal care products that are usually packed using flexible plastic packaging.

Based on printing technology, the Flexible Plastic Packaging Market Size has been segmented into flexography, digital printing and others. Based on application, the Flexible Plastic Packaging Market Size has been segmented into food and beverages, pharmaceutical, personal care and others.

Regional Analysis

Asia Pacific dominates the global flexible packaging market with the largest market share. It comprises countries such as China, India, and Japan, which lead in in the export of goods to various parts of the world. Moreover, increase in consumer income has led to a growth in demand for good-quality packaged food. Also, the rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand for flexible packaging products. The increasing exports from these countries is leading to the growth of the flexible packaging market. The booming e-commerce market in the region is also contributing in the growth of the flexible packaging market. The e-commerce market is boosted by the increasing internet penetration.

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