Flexible packaging solutions offer several advantages such as customizable as per the requirement, made from high-grade materials, reusable and production cost is reduced for manufacturers. The report identifies key factors driving the growth of the flexible market in this region which are improving economic scenario, rising disposable income, increase in consumer confidence along with declining unemployment level. Rising use of stand-up pouches due to lightweight portability and convenience, particularly of single serve flexible packaging formats has also augmented the demand for flexible packaging solutions. Technological advancement in the development of sophisticated barrier materials is also providing the necessary impetus to the demand for these solutions in the region.
The report has segmented the market on the basis of packaging material, application and countries. Under major packaging material used for flexible packaging solutions, the market has been segmented into Paper, Aluminum Foil, BOPP Film, Polyethylene Foil and Polyethylene Terephthalate among others. By applications, the market has been segmented majorly into food packaging, beverage packaging, cosmetics and toiletries, and pharmaceutical and healthcare. The US, Canada, and Mexico are the major countries which have been comprehensively analyzed as part of the geographical segmentation.
The report analyzes some of the major players in the flexible packaging business like Amcor, Reynolds Packaging, Bemis, WestRock, Tetra Laval among other various other major players. The report also analyzes their market shares, growth strategies, products, financials, and recent investments.
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