Stringent regulatory scenario prevalent in Europe and North America pertaining to food contact application can somewhat be a challenge in the market. On the bright side, the continuous efforts being put in by leading vendors towards the development of bio-based packaging products and the surge in rules and regulations promoting their use within the flexible packaging industry can ensure a smooth run for the market in the near future.

Leading Industry Participants

Leading participants present in the market for flexible packaging include Sealed Air (US), CLONDALKIN GROUP (The Netherlands), COVERIS (US), HUHTAMAKI GROUP (Finland), Amcor Limited (Australia), CONSTANTIA (Austria), Sonoco Products Company (US), Reynolds (New Zealand), Mondi (Austria), Berry Global Inc. (US), to name a few.

Market Segmentation

The top segments as per which the Flexible Packaging Market Research has been dissected include material, product type, printing technology, and application.

The application-dependent market segmentation comprises personal care, pharmaceutical, food & beverage, and others. The market is dominated by the food & beverage segment, out of all the applications owing to the accelerated demand for on-the-go and ready-to-eat foods & drinks.

Regional Insight

Region-wise study of the Flexible Packaging Market Research includes Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW).

In 2016, the APAC market was estimated to be the biggest, accounting for a share of 38.8%. The region’s thriving food & beverage sector plays a major role in the market growth. India, Japan and China are the most profitable markets for flexible packaging in the region, as a result of the entry of globally known vendors and their efforts to expand their business, not only in the said countries but also across the region.

The North American market can benefit from the liberal nature of the regulations that usually restrict the setting up of new manufacturing units by the Mexican government. As a result, a surge in the number of manufacturing facilities such as Daiichi Ranbaxy, Astellas and Takeda has been noted in recent years. This has been an effective government strategy that has boosted the growth of the domestic pharmaceutical industry, which can mean better business growth for flexible packaging in the region during the appraisal period.

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