The multilayer flexible packaging market is projected to witness significant growth between 2022 and 2029, with an anticipated CAGR of 3.5%. It is expected to surpass rigid packaging and reach a value of US$ 210 billion.
Multilayer flexible packaging is gaining prominence globally due to its numerous advantages, such as low cost, high durability, and lightweight nature. This market analysis covers various types of flexible packaging, including bags, pouches & sachets, wrapping films, laminates, and others like liners and stick packs. Compared to rigid packaging, multilayer flexible packaging requires 70% less material during production. Additionally, flexible packaging bags and pouches are increasingly incorporating materials like aluminum foil and metalized plastic sheets.
The increasing demand for packaged food and beverages is a significant driver expected to propel the growth of the multilayer flexible packaging market during the forecast period. The report also provides insights into the main market drivers, constraints, and opportunities that are likely to impact industry growth.
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Furthermore, the report includes a competition analysis that outlines the market shares of major competitors. It offers a comprehensive overview of the global multilayer flexible packaging industry, highlighting growth prospects, major trends, and challenges.
The report aims to assist stakeholders such as suppliers, manufacturers, and investors in making informed decisions. It provides a thorough examination of the market, considering all crucial aspects of the sector. Interested parties can purchase the report along with customized research options on the company’s website.
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Key Takeaways of Multilayer Flexible Packaging Market Study
- In terms of value, the pouches & sachets segment is expected to account for maximum market share in the global multilayer flexible packaging market during 2019-2029, attributable to the rising demand for small-sized sachets & pouches for the packaging of a variety of food products.
- By layer structure, the 5 layer segment is anticipated to grow 1.2X by the end of 2023.
- The plastic material segment is expected to create total incremental revenue opportunity of US$ 96 Bn by the end of 2029, owing to ease of availability and cost-effectiveness.
- North America is anticipated to maintain its dominance in the global multilayer flexible packaging market during the forecast period. This growth can be attributed to the presence of well-established market players in the region. East Asia and South Asia are anticipated to be highly lucrative markets, on the back of significant consumption and production of multilayer flexible packaging solutions at cost-effective rates.
Key Players:
- Scientex
- Constantia Flexibles
- Glenroy
- Berry Global Group
- Amcor
- Mondi Group
- Coveris Holdings
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Key Segments Covered in Multilayer Flexible Packaging Industry Research
Multilayer Flexible Packaging Market by Product
- Bags
- Pouches & Sachets
- Wrapping Films
- Laminates
- Others (Liners, Stick Packs, etc.)
Multilayer Flexible Packaging Market by Material
- Plastic
- Polypropylene (PP)
- BOPP
- CPP
- OPP
- Polyethylene (PE)
- LDPE
- LLDPE
- HDPE
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