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The flexible packaging market is driven by growing end-user industries such as food & beverages, cosmetics & toiletries, healthcare, and others (household products, oil & lubricants, agricultural products, and sporting goods). Furthermore, changing consumer lifestyles and growing consumption of ready-to-eat and pre-made meals are the biggest factors leading to increase in demand for convenient flexible packaging which also increases the safety of food & beverage products.
The retort-pouch segment is projected to grow at the highest rate among all pack types. This is mainly because of the growing consumption of ready-to-eat meals and excellent barrier properties provided by retort pouches against oxygen, moisture, and other contamination. However, the standup pouches segment is projected to account for the largest market share in 2021 owing to its various functional characteristics and eye-catching shelf appeal.
The global flexible packaging market is segmented, region-wise, into North America, Europe, Asia-Pacific, Middle East, and RoW. The Asia-Pacific region accounted for the largest share among all the regions in 2015 and is projected to grow at the highest rate from 2016 to 2021. This is mainly due to increasing demand from end-user industries from countries such as China, India, and Japan, coupled with the growing population and increasing disposable income in these countries.
The various suppliers of flexible packaging and related products in this report such as Amcor (Australia), Bemis Co. (US), Constantia Flexibles (Austria), Huhtamaki Group (Finland), Sonoco Products Co. (US), Sealed Air Corp. (US), Mondi Group (South Africa), Clondalkin Group (The Netherlands), Coveris Holdings (US) and Ampac Holdings (US).