The global flexible-plastic packaging industry has witnessed high growth primarily because of the increasing demand for food, beverage, and pharmaceutical products worldwide, especially during the COVID-19 pandemic. Demand for sustainable, and durable protective packaging for pharmaceutical industry is another key factor contributing towards the increasing growth of the flexible-plastic packaging market over the next few years.
The pouches segment is expected to lead the global flexible-plastic packaging market by 2025. It is further projected to grow at the highest CAGR from 2020 to 2025. The increase in the demand for pouches can be attributed to the rise in the demand for lightweight and convenient packaging solutions across end-use industries. The growth of the pouches segment will be supported by the increase in demand from the manufacturers in the food, beverage, and pharmaceutical industries, coupled with growing e-commerce sector during the forecast period.
Companies mentioned in the report include Aluflexpack Ag, Amcor, American Packaging Corporation, Berry Global Inc., Bischof + Klein Se & Co. Kg, Clondalkin Group, Constantia Flexibles, Cosmo Films Limited, Coveris, C-P Flexible Packaging, Glenroy, Inc., Huhtamaki, Mondi, Novolex - Carlyle Group, OM Printing & Flexible Packaging Pvt. Ltd., PPC Flexible Packaging LLC, Printpack, Inc., Proampac, Sealed Air Corporation, Sigma Plastics Group, Sonoco, Swiss Pac, Transcontinental Inc., Uflex Limited, Ultimate Packaging, and Wihuri Oyj.
More info: Flexible Plastic Packaging Market - Global Forecast to 2025