The
global demand for flexible packaging was valued at USD 73.56 billion
in 2012 and is expected to reach USD 99.10 billion in 2019, growing
at a CAGR of 4.4% from 2013 to 2019. In terms of volume, the demand
was 18,666.0 kilo tons in 2012 and is expected to be 24,728.7 kilo
tons in 2019, growing at a CAGR of 4.1% from 2013 to 2019.
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Increasing
demand for flexible packaging in the healthcare industry is expected
to be one of the key factors driving growth of the flexible packaging
market. In addition, expansion of the food & beverages market,
which is the largest application of flexible packaging, is expected
to fuel the growth of the market. Furthermore, rising consumer
preference towards light weight, durable and highly aesthetic
flexible packaging is expected to significantly fuel the growth of
the market over the next few years. However, volatility in the prices
of crude oil which consequently affects the prices of its downstream
chemicals is expected to hamper the packaging market adversely.
Focused research and development activities on flexible packaging
technologies have opened opportunities for the usage of
nanotechnology in the formation of films and printing.
Plastics
have been extensively used in flexible packaging due to their high
barrier properties, cost effectiveness and durability and accounted
for over 70% of the market share in 2012. However, growing consumer
demand for biodegradable packaging material due to rising awareness
regarding ecology conservation is expected is boost the demand for
cellulose over the next six years. In addition, cellulose has been
popular than other packaging materials due to its high durability,
protection from external environmental factors such as sunlight and
high aesthetic value. These factors are expected to contribute
significantly to the growing demand for cellulose.
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Demand
for flexible packaging was highest from the food & beverages
sector. Several regulations are being introduced and implemented
across the world regarding packaging of pharmaceuticals due to
various factors such as maintenance of hygiene, reduction of
fraudulent drugs in the retail market and to retain the medicinal
properties of the drug. Thus, flexible packaging is expected to
witness the fastest growth in pharmaceutical within the forecast
period and is expected to be valued at USD 11.09 billion in 2019.
Asia
Pacific accounted for the highest demand in 2012, and is expected to
be fastest growing region, rising at a CAGR of 4.4% from 2013 to
2019. This trend is expected to continue over the forecast period on
account of rapid economic development in this region resulting in the
growth of various industries such as food & beverages, personal
care products and pharmaceuticals among others. Regions present in
rest of the world are expected to witness a significant increase in
consumption of packaging owing to economic development in countries
such as Brazil.
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The
report gives a comprehensive view of the flexible packaging market in
terms of volume and revenue. In addition, the report includes current
demand analysis and forecast for each product and application in
North America, Europe, Asia Pacific and Rest of the World. The report
comprises of the following segments:
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all Article :
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Flexible
Packaging Market: Product Segment Analysis
Plastics
Paper
Aluminum
foil
Cellulose
Flexible
Packaging Market: Application Analysis
Food
& Beverage
Retail
non-food
Pharmaceutical
Others
Flexible
Packaging Market: Regional Analysis
North
America
Europe
Asia-Pacific
Rest
of the World
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