Between 2022 and 2029, the multilayer flexible packaging market is anticipated to overtake rigid packaging and reach US$ 210 Bn. 3.5% CAGR is anticipated.
The need for multilayer flexible packaging is growing on a global scale because of its many benefits, including low cost, high durability, and light weight. Bags, pouches & sachets, wrapping films, laminates, and others (liners, stick packs, and more) are among the flexible packaging types covered by this market analysis. Compared to rigid packaging, multilayer flexible packaging uses 70% less material during production. Flexible packaging bags and pouches are increasingly being made with aluminium foil and metalized plastic sheets.
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The multilayer flexible packaging market is expected to grow at a significant rate over the forecast period due to the increasing demand for packaged food and beverages. The report covers the major drivers, restraints, and opportunities in the market that are expected to influence its growth.
The report also includes a competitive analysis of the market, which provides information on the market share of the leading companies. The report provides a comprehensive overview of the global multilayer flexible packaging market, including its growth potential, key trends, and challenges.
The report is aimed at helping stakeholders, including investors, manufacturers, and suppliers, to make well-informed decisions. It provides an in-depth analysis of the market, covering all the important aspects of the industry. The report is available for purchase on our website and is accompanied by a customized research option.
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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.
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Key Players:
- Scientex
- Constantia Flexibles
- Glenroy
- Berry Global Group
- Amcor
- Mondi Group
- Coveris Holdings
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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