flexible packaging market to reach us$99.10 billion in 2019, aided by escalating demand from asia pacific
Touted by leading analysts as the fastest growing segment of the packaging industry, flexible packaging will grow steadily.
A recent report by Transparency Market Research showed a compound growth rate of 4%.
The report is titled \"flexible packaging (
Plastic, paper, aluminum foil, etc)
Non-retail food and beverage markets
Food, pharmaceutical and other applications
2013-Global Industry Analysis, scale, Share, Growth, Trends and Forecasts
2019 \"and identified the Asia-Pacific region as the most profitable regional market for flexible packaging.
Other key areas of the global flexible packaging market include Europe, North America and the rest of the world.
The report says the value of the global flexible packaging market is expected to reach $99.
10 billion to 2019.
According to the quantity, the demand for flexible packaging is 18,666.
It reached 24,728 tons in 2012 and is expected to reach tons.
7 kilograms of tons, developed to 4 at the end of 2019.
The compound growth rate during the Forecast period was 1%.
With the increasing demand of terminals, the flexible packaging market has been supported.
Use industries such as personal care, healthcare, pharma, food and beverage.
The report shows that in the past few years, the healthcare industry has the largest demand for the flexible packaging market.
In addition, the food and beverage industry will greatly contribute to the expansion of the market in the foreseeable future.
The initiatives taken by the pharmaceutical industry to maintain drug hygiene and retain medical property will give the pharmaceutical industry an incredible impetus to the flexible packaging market, which is expected to reach $11.
According to the study, 9 billion in 2019.
Flexible Packaging Market key materials used in flexible packaging such as PVC, paper, aluminum, nylon, polypropylene and polyethylene make it durable and lightweight.
It is precisely because of this aesthetic packaging material that flexible packaging creates a niche market that has been greatly helped by the steady rise in consumer demand.
Due to durability and cost-
In the flexible packaging industry, the use of plastics has always dominated.
Plastics accounted for 70% of the global flexible packaging market in 2012.
However, increasing environmental problems and government initiatives to curb carbon emissions have led to increased demand for biodegradable packaging, which may increase demand for cellulose in the coming years.
The cellulose packaging has high durability and can withstand external factors such as sunlight.
These factors will greatly contribute to the development of the flexible packaging market in the next four to five years.
According to the geographical location, the flexible packaging market in the Asia-Pacific region will be 4.
The compound growth rate between 2013 and 4% was 2019 per cent.
The rapid development of the region\'s personal care, pharmaceutical, food and beverage industry may help the Asia-Pacific region to maintain its market leadership during the forecast period.
At the same time, according to the increase in packaging consumption in emerging economies such as Brazil, the report identifies profitable prospects for flexible packaging markets in other parts of the world.