Flexible Packaging in India 2019 Market By: Industry Size,Growth,Trends,Analysis,Opportunities, and Forecasts to 2022

Flexible Packaging in India Industry 2019

Description:-

Packaging refers to the means of providing protection and presentation to a product for its easy storage, convenient transport, and appealing display. Flexible packaging refers to the packaging with the use of flexible materials that makes its conversion into multiple shapes and forms easy. Flexible packaging is a type of package like pouches and bags that can be easily modified into free shapes.

The flexible content usually takes the shape of the content inside it. The flexible packaging is commonly made from paper sheets, plastic layers, foils, and laminated papers. The packaging finds wide applications in the food and beverage industry, medical industry, and household uses. The flexible packaging market is expected to witness growth during the forecast period.
 
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Key players
• Amcor
• CONSTANTIA
• HUHTAMAKI GROUP
• Jindal Poly Films
• Uflex

Market Dynamics

The increase in demand for effective packaging solutions in industries like healthcare, personal care, and food and beverage to ensure convenient handling of products is driving the market growth. The high demand for lightweight packaging will further boost the growth of the flexible packaging market. The increase in packaging innovations and the use of advanced technology will propel the growth of the market across the globe. The resealing ability of flexible packaging, ease of use, and superior printing advantages are some other factors that influence market growth. The growing concern for the environment and the rise in the e-commerce industry further fuel the market growth of flexible packaging.

The stringent regulations and norms of the government and the increase in labor cost, material cost, and processing cost will restrict the growth of the flexible packaging market.

Market Segmentation

The global flexible packaging market is segmented based on material, printing technology,  product type, end-users, and geographical regions.

Depending on the material, the global market is further subdivided into plastic, paper, and aluminum. Plastic is the most popularly used material for flexible packaging. The increasing customer preference, fewer storage requirements, and less shipping cost account for the leading position of the segment. The increase in the use of aluminum foil in household applications and the food and beverage industry is expected to boost the aluminum segment during the forecast period.

The printing technologies involved in flexible packaging are rotogravure, flexography, digital, and other technologies.
Based on the product type, the global flexible packaging market includes the bag, pouch, wrap, and other products.
Based on the end-users, the global market is divided into food and beverage, household and personal care, and pharmaceutical and medical applications. The food and beverage segment holds the largest share in the global market. The rise in demand for the packaged and fast food accounts for the dominating position of the market. The growing advancements in the field of science and technology are anticipated to boost the use of flexible packaging in the pharmaceutical industry.

Geographical Segmentation

The important geographical regions of the global flexible packaging market are North America, Asia Pacific, Middle, and East Africa, Central and South America, and Europe. The Asia Pacific region is the market leader owing to the increase in disposable income and rising demand for packaged food.

Europe holds the second position in the global market of flexible packaging. The Middle East and Africa regions are expected to witness growth during the forecast period. The key players of the market are Jindal Poly Films, Uflex, Amcor, Constantia, and Huhtamaki Group.

Industry Updates

The growth in the stand-up pouches is the recent trend of the industry. Top players of the market are focusing on the use of the latest technologies to expand the market growth.

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