The report titled “Global Flexible PackagingMarket: Size, Trends & Forecasts (2016-2020)” presents a thorough study of
the global flexible packaging market with comprehensive analysis of market
sizing & growth and market share analysis. The analysis covers market by
value, market share by substrates, region and segment.
Executive Summary
Anything that offers protection, information, promotion
and waste reduction to the products are known as packaging. The main purpose of
packaging is to deliver products in perfect condition to the ultimate
consumers. Packaging fulfills the necessities of the product while reducing
commercial and ecological effects of both the product and its package. One of
the primary functions of packaging is promotion of the product as it depicts
products features & benefits, list of ingredients and promotional message
& branding.
Container or package made of flexible or elastic materials
that when filled and closed can be readily change in shape. Bags, envelops,
pouches, sachets and wrap etc. are some of the examples of flexible packaging
which are generally made up of materials such as film, foil or paper sheeting.
There are four types of packaging namely primary, secondary, tertiary and
service. Main advantages of flexible packaging are convenience &
portability, cost saving, sustainability and health benefits.
The global flexible packaging market is rising at a rapid
pace with substantial growth rate over the previous few years and is projected
to grow further over the forecasted period (2016-2020). Drivers that are
supporting the growth of the market are rising urban population, increasing
number of small households, growing & ageing population, technological
advancements, increasing health awareness, changing life style and eating
habits, rising disposable income of population in developing economies like
India and China etc. Apart from these key factors there are considerable
numbers of other factors that are propelling the demand of the flexible
packaging.
In the forecasted period market is expected to grow on the
back of increasing awareness towards reduction in food waste, rising
shelf-appeal of products, health snacking practices by consumers and
introduction of smart packaging etc. Yet the market is facing some challenges
which are dampening the growth of the market. Some of the challenges faced by
the industry are volatile prices of raw materials, lack of substantial
e-packaging and environmental & regulatory issues.
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| Daedal Reserach |
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