The global sales of flexible plastic packaging are expected to exhibit 4.9% year-on-year growth rate in 2021 with sales reaching over 33.6 million tons. Future Market Insights projects flexible plastic packaging market to grow at 5% CAGR between 2021 and 2031 as consumer preference is shifting from traditional packaging products to stand-up pouches and re-closable packaging
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In its upcoming business report, FMI details historical and current scenarios of the global Flexible Plastic Packaging Market in terms of production, consumption, volume and value. This report studies the market into different segments, regions and players based on demand patterns and growth prospects.
The vital information and forecasting statistics covered in the Flexible Plastic Packaging market report provide both established and emerging market players with the insights they need to formulate long-term strategies and maintain business continuity during crises such as the ongoing COVID-19 pandemic.
Analysis of COVID-19 Impact on Flexible Plastic Packaging Market
The recent COVID-19 outbreak has negatively impacted various markets in the packaging industry, and the Flexible Plastic Packaging market is no exception. Products classified as ‘necessities’ continued to record strong sales, while demand for non-essential products plummeted.
In response to government action, particularly social distancing norms and stay-at-home orders, companies operating in the flexible plastic packaging market have stopped production. In addition, movement restrictions and supply chain disruptions have created a logistics nightmare for market participants, resulting in severe product shortages in global markets. Several market players plan to shift their supply chains from China, the first epicenter of COVID-19.
FMI’s report includes an interesting chapter on the preliminary impact of COVID-19 on the flexible plastic packaging market. This helps both major and emerging market players to understand market scenarios during crises and make sound decisions to gain a distinct competitive advantage.
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Flexible Plastic Packaging Market: Segmentation
The valuable information covered in FMI’s Flexible Plastic Packaging Market report has been segmented into major segments and sub-segments.
Depending on the material type:
- oil based polymer
- bio plastic
Depending on the product type:
- pouch
- bags and sacks
- tube
- retail label
- film and wrap
Depending on the packaging type:
- VSP (Vacuum Skin Packaging)
- MAP (Modified Atmospheric Packaging)
- general barrier
Flexible Plastic Packaging Market: Competitive Analysis
FMI’s research provides a comprehensive analysis of global, regional and country level players operating in the Flexible Plastic Packaging market. The competitive information detailed in the Flexible Plastic Packaging market report is based on each market player’s innovative product launches, distribution channels, local networks, industry penetration, production methods, and revenue generation. Additionally, growth strategies and acquisitions and acquisitions (M&A) activities related to the players are included in the Flexible Plastic Packaging Market report.
The key players covered in the report are:
- Constantia Flexibles Group GmbH
- Berry Global Group
- Futamaki Co., Ltd.
- Sonoco Products Company
- Bemis Company
- Shield Air Corporation
- AR Packaging Group AB
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Answers to Important Questions in the Flexible Plastic Packaging Market Report
- Who will remain the highest revenue contributors in other regional markets?
- At what rate did the global Flexible Plastic Packaging market expand during the forecast period?
- What will the global Flexible Plastic Packaging market look like by the end of the forecast period?
- What are the innovative strategies adopted by the Flexible Plastic Packaging market players to stay ahead of the market?
- What are the restrictions affecting the growth of the Global Flexible Plastic Packaging Market?
Highlights of the report
- Growth Drivers and Opportunities: Comprehensive analysis of growth drivers and opportunities for market players in various regional markets
- Recent Trends and Forecasts: A detailed assessment of the latest trends, technological developments and forecasts over a 5- or 10-year period.
- Segment Analysis: What differentiates the role of these segments in an extensive analysis of each segment and market revenue forecasts and growth rate analysis
- Regional Market Forecast: A thorough analysis of each regional market to provide stakeholders with the information they need to make important decisions
- Competitive landscape: Comprehensive insights into both leading and emerging players competing for a piece of the Flexible Plastic Packaging market
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services serving clients in more than 150 countries. FMI is headquartered in Dubai, the global financial capital, with shipping centers in the United States and India. FMI’s latest market research reports and industry analyzes help companies navigate the challenges and make important decisions with confidence and clarity amid fierce competition. Customized and syndicated market research reports provide actionable insights that drive sustainable growth. FMI’s team of expert-led analysts continuously track new trends and events across a wide range of industries to prepare clients for the evolving needs of consumers.
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