Spiraling demand for flexible plastic packaging in pharmaceutical, cosmetic and other industries is also propelling the growth of the global flexible plastic packaging market. Increasing availability of recyclable packaging materials owing to the rising environmental concerns is impacting positively on the expansion of the global flexible plastic packaging market. However, strict regulatory framework for environmental protection and increasing concern regarding plastic waste are likely to restrain the growth of the global flexible plastic packaging market during the forecast period.
Segmentation
The global flexible plastic packaging market has been segmented on the basis of type, printing technology and application. Based on type, the flexible plastic packaging market has been segmented into stand-up pouches, flat pouches, gusseted, bags and others. The stand-up pouches segment is anticipated to account for the largest market share during the forecast period due to growing consumption of dairy products, cosmetics, food & beverages and personal care products that are usually packed using flexible plastic packaging.
Based on printing technology, the flexible plastic packaging market has been segmented into flexography, digital printing and others. Based on application, the flexible plastic packaging market has been segmented into food and beverages, pharmaceutical, personal care and others. COVID-19 Impact
Regional Analysis
Geographically, the global flexible plastic packaging market has been segmented into North America, Europe, Asia Pacific and the rest of the world. The Asia Pacific region is projecting dominance over the global flexible plastic packaging market owing to the increasing utilization of plastic packaging for various goods that are being exported from the emerging economies like India, China and Japan and high demand for good quality food packaging in this region. Growing demand for flexible plastic packaging in rapidly expanding food and beverages, pharmaceutical and other industries is fuelling the growth of the flexible plastic packaging market in the North America and Europe regions.
Key Players
The leading players that are profiled by MRFR in the report on the global flexible plastic packaging are Amcor Limited(Victoria), Constantia Flexibles Group GmbH (Austria), Mondi Group (Johannesburg), Sealed Air Corporation (North Carolina), Sonoco Products Company (the U.S.), Coveris Holdings S.A. (the U.S.), Huhtamaki Group (Finland), Bemis Company Inc. (the U.S.) and Ampac Holdings LLC (the U.S.).
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