Plastic packaging can be defined as a casing of any products by bags, pouches, plastic containers or jars which can be used for industrial goods, food & beverages, personal care products, and household products. PET (polyethylene terephthalate), HDPE (High-density polyethylene), LDPE (low-density polyethylene), PP (polypropylene), PVC (polyvinyl chloride) are largely used for plastic packaging. Plastics can be simply altered or molded in any shape as per required in packaging for goods. Flexible plastic packaging is the fastest growing segments of the packaging industry which combines the good qualities of plastic to deliver an extensive range of useful properties while using the minimum amount of material. Plastic packaging is largely used in industrial applications and in consumer products which help the product the products.
Flexible plastic packaging is a type of packaging where plastics that are used is thin, light, and which are simply stretchable but yet retain the obstacle properties and tear and puncture resistant features that are why it is used for packaging products. Flexible plastic packaging is cheap, visually appealing and chemically inert which increases the brand demand of the products that are used in packing. Mostly Flexible plastic packaging are used for fast moving unit loads and to pack non-durable which has limited bulk industrial use with the exemption of FIBCs.
Flexible packaging helps in reducing the waste of food as the shelf life of the food product is increased according to Industry Council for Research and Packaging on the Environment (INCPEN). Advanced packaging for milk pouches is helping the transportation easy and without nay refrigeration possible.
Flexible Plastic Packaging Market Segmentation By Pack Type – Pouches, Flat Pouches, Standup Pouches, Retort Pouches, Bags, Gusseted Bags, Wicketed Bags, Others, Sleeve Labels; By Material – Plastic, Poly Propylene, Polyester Film, Poly Ethylene, Low-Density Poly Ethylene (LDPE), High-Density Poly Ethylene (HDPE), Poly Vinyl Chloride (PVC), Aluminum Foil, Paper, Others; By Application – Food Packaging, Ready-to-eat foods, Processed foods, Bakery foods, Pet Foods, Fruits and Vegetables, Others;
On the basis of the geographical market segment, Global Flexible Plastic Packaging Market is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.
In regional segments, Asia-Pacific is the leading market for the global flexible plastic packaging market and is anticipated to continue its position during the forecast period. The expansion is mainly attributed to increasing of the packaging industry due to emerging markets in China and India followed by North America. Moreover, the flexible plastic packaging market in Europe is also rising during the forecast period as the application of flexible plastic packaging in food packaging industries is increasing.
The global Flexible Plastic Packaging Market is expected to witness sustained growth over the forecast period. Flexible plastic packaging has made the life of the consumers easier due to its functionality and sustainability which is the major factor for the growth of flexible plastic packaging market growth across the globe. Nowadays, a variety of pouches can be easily found in the supermarket, grocery stores, and various other stores.
Rising Demand of flexible plastic packaging market from Pharmaceuticals and Healthcare Industry is also boosting the flexible plastic packaging market.
Furthermore, the fluctuating prices of raw materials are the major restraints in the growth for flexible plastic packaging manufacturers.
Some of the players operating in the Flexible Plastic Packaging Market includes Amcor, BASF S.E., AEP Industries, Amcor, Bemis Company, Constantia Flexibles, Berry Plastics, DS Smith, Sealed Air, Sonoco, Bischof + Klein SE & Co. KG and few other regional players. As the plastic Packaging is being accepted in most of the products. Manufacturers of flexible plastic packaging are improving their packaging to attract the consumers.
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