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Converted Flexible Packaging Industry Analysis and Foresight Report to 2023
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Global Converted Flexible Packaging Market Information Report, By Material (Plastic, Paper, and Aluminum Foil), By Product (Pouches, Bags and Others), By Application (Food & Beverages, Pharmaceuticals, Consumer Goods and Others), and By Region - Global Forecast To 2023

Market Scenario

On the basis of region, Asia-Pacific region dominates the converted flexible packaging market. It accounted for the largest market share of 32.45% in 2016, and is projected to grow at the highest CAGR of 5.62% during the forecast period. The increasing number of supermarkets in the Asia-Pacific region and the growing demand for multipacks of various grocery products, are expected to boost the demand for converted flexible packaging products. North America was the second-largest market in 2016. Growing demand for packaged food driving the demand of the market in this region.

 Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2374

The market has been segmented based on material, product and application. On the basis of material, the market is segmented into plastic, paper, and aluminum foil. Plastic accounted for the largest market share in 2016. Plastic in the form of PVC, PE, PP, and others are used extensively in plastic converted flexible packaging segment. The material offers high barriers, cost efficiency, temperature resistance and durable packaging options. These are the factors driving the demand of the plastic material. On the basis of product, Pouches accounted for the largest market share of 39.62% in 2016. Pouches are available in different types such as stand-up pouches, retort pouches, and pillow pouches. Stand-up pouches are largely used for the packaging of snacks, baked goods, and pourable materials such as beverages, soaps, sauces and condiments, and baby food. On the basis of application, Food & Beverages accounted for the largest market size in 2016. Demand for ready-to-eat and on-the-go foods and drinks continues to grow. With an increase in the consumption of food, increase the consumption of converted flexible packaged products. This packaging is also used to package dairy products, sauce, honey, and others. Hence, food & beverages application segment is expected to grow at a CAGR of 5.80% during the forecast period.

Segmentation

By Material - Plastic Film, Paper, Aluminum Foil, Others

By Application - Food & Beverages, Retail, Non-Food, Pharmaceutical, Other

By Product – Bags, Pouches, Others

By Region – North America, Europe, APAC, RoW

Key Players

The prominent players in the converted flexible packaging include Bemis Company Inc. (U.S.), Amcor Limited (Australia), Sealed Air Corporation (U.S.), Sonoco Products Company (U.S.), Constantia Flexibles Group GmbH (Austria), Graphics Packaging Holding Company (U.S.), Bischof + Klein SE & Co. KG (Germany), Honeywell International Incorporated (U.S.), Ampac Packaging LLC (U.S.), and Oracle Packaging Inc. (U.S.).

Hence, global converted flexible packaging market is expected to reach a market size of USD 1,04,999.8 million by the end of the forecast period at CAGR of 5.31%.

Access Full Report @ https://www.marketresearchfuture.com/reports/converted-flexible-packaging-market-2374

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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