San Jose, California (PRWEB) September 15, 2014
Follow us on LinkedIn Flexible packaging involves packaging containers using flexible materials that alter shape with the filled-in products. In addition to preserving and protecting the packaged product, flexible packaging also enables delivery of functionality, information and sustainability. Major types of flexible packaging include pouches, bags and films. A wide range of materials are employed in flexible packaging, including plastic, paper, cellulose and aluminum foil. Food, personal care products, consumer and institutional products, medical and pharmaceutical products, cosmetics and beverages represent key application areas for flexible packaging.
Flexible packaging is emerging as one of the fastest growing segments in the overall packaging industry. Increasing preference for flexible packaging over traditional rigid packaging supported by its inherent advantages in terms of lower material use, costs of shipping, and storage space represents a primary growth driver for the market. Continuing developments in high barrier resins are expected to drive further adoption of flexible packaging. Recovering economies, growing inclination towards convenience foods, rising environmental concerns on packaging waste, and material and cost benefits of flexible packaging represent other growth drivers in the near term.
Increasing focus on sustainable packaging solutions is driving design and material innovations even as packaging solutions get leaner and stronger. Flexible pouches, which were once largely used in kids drinks, are now emerging as a popular packaging type over conventional packaging options such as bottles and cans. Food represents the largest application market for flexible packaging worldwide driven by increasing consumption of packaged food due to fast-paced urban lifestyles, growing health concerns, and importance of displaying nutritional information on packaged products. Medical sector is expected to provide significant growth potential for flexible packaging in the coming years. Stringent regulations, growing need to retain medical properties of products, and rising standards of hygiene, among others, are driving demand for flexible packaging solutions in the medical sector.
As stated by the new market research report on Flexible Packaging, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 8.1% over the analysis period. Steady economic growth, rising standards of living, expanding middle-class, robust generics and pharmaceutical manufacturing activities, rapidly growing food processing and consumer durables sectors, increasing disposable income, westernization of food habits and lifestyle, and improved marketing/retailing practices represent key growth drivers in the region. Plastic films, particularly polypropylene and polyethylene, represents the most preferred flexible packaging material types.
Major players covered in the report include Amcor Limited, American Packaging Corporation, Ampac Holdings, LLC, Bemis Company, Inc., Berry Plastics Corporation, Clondalkin Group Holdings BV, Constantia Flexibles International GmbH, Coveris Holdings S.A., Huhtam