The Global Flexible Packaging market accounted for $67.2 billion in 2014 and is expected to grow at a CAGR of 10.31% to reach $147.4 billion by the year 2022. The Flexible packaging market estimates the market size in terms of value and volume. Substitutions of Traditional packaging and Retail Chains are the most important drivers for the market growth. Environmental legislations and rising cost of materials are the factors hampering the market growth. The opportunity for the market growth lies in concentrating on developing nations or emerging economies.
Global Flexible Packaging market is mainly segmented by Material, by End User and by Geography. Based on Material, the market is segmented into Polypropylene, Leather, Aluminium, Paper, Plastic, Cellulosic, Polyethylene and others. Based on End User, the market is segmented into Food, Cosmetics and toiletries, Beverages, Tobacco, Personal Care and Pharmaceutical. Flexible Packaging market, by geography is segmented into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has the largest market for Flexible packaging market.
The key players in the Flexible Packaging market include, Cell pack Packaging, Britton Group, Ampac Holdings, Llc, Clondalkin Group, Amcor Limited and Bemis Company.
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