Growth of Flexible Packaging Market Forecast at 5.11% CAGR to 2021 Dominated by Retort Pouches Segment

May 26, 2016, 22:00 ET from ReportsnReports

PUNE, India, May 27, 2016 /PRNewswire/ --

The worldwide flexible packaging market is set to hit $125.66 billion by 2021, at an estimated CAGR of 5.11% from 2016 to 2021 with retort pouches segment expected to grow at the highest rate during the forecast period due to growing demand from end-user industries.

Complete report on global flexible packaging market spread across 267 pages, profiling 10 companies and supported with 264 tables and 61 figures is now available at http://www.reportsnreports.com/reports/270112-flexible-packaging-market-by-end-use-food-beverage-personal-care-pharmaceutical-material-polypropylene-bopp-cpp-polyethylene-evoh-pa-bopet-pvc-aluminum-paper-cellulosic-global-trends-forecast-to-2018.html .

The flexible packaging market is driven by growing end user industries such as food &beverages, cosmetics & toiletries, healthcare, and others (household products, oil & lubricants, agricultural products, and sporting goods).Furthermore, changing consumer lifestyles and growing consumption of ready-to-eat and pre-made meals are the biggest factors leading to increase in demand for convenient flexible packaging which also increases the safety of food & beverage products.

The retort pouches segment is projected to grow at the highest rate among all pack types. This is mainly because of the growing consumption of ready-to-eat meals and excellent barrier properties provided by retort pouches against oxygen, moisture, and other contamination. However, the stand-up pouches segment is projected to account for the largest market share in 2021 owing to its various functional characteristics and eye-catching shelf appeal.

The global flexible packaging market is segmented, region-wise, into North America, Europe, Asia-Pacific, Middle East, and RoW. The Asia-Pacific region accounted for the largest share among all the regions in 2015 and is projected to grow at the highest rate from 2016 to 2021. This is mainly due to increasing demand from end-user industries from countries such as China, India, and Japan, coupled with the growing population and increasing disposable income in these countries.

The various suppliers of flexible packaging and related products in this report such as Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Constantia Flexible Group GmbH (Austria), Huhtamaki Group (Finland), Sonoco Products Company (U.S.), Sealed Air Corporation (U.S.), Mondi Group (South Africa), Clondalkin Group Holdings B.V. (The Netherlands), Coveris Holdings S.A. (U.S.) and Ampac Holdings, LLC (U.S.). Order a copy of  Flexible Packaging Market by Material (Plastic Film, Paper, Aluminum), Printing Technology (Flexography, Rotogravure, Digital), Type (Stand-Up Pouches, Retort Pouches), Application (Food & Beverages, Healthcare, Cosmetics & Toiletries) - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=270112 .

To determine the market size of various segments and sub-segments of the PIM market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (39%), Tier 2 (37%) and Tier 3 (24%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (38%), Directors Level (36%) and others (26%) from various key organizations operating in the global flexible packaging market. The primary interviews were conducted worldwide covering regions such as Europe (37%), North America (33%), APAC (15%) and RoW (15%).

On a related note, another research on Blister Packaging Market Global Forecast to 2022 says, market is estimated to grow from USD 11.94 Billion in 2015 to reach USD 18.25 Billion by 2022, at an estimated CAGR of 6.25%. Growing demand from the healthcare industry is to drive the blister packaging market. Plastic film dominated the blister packaging market in 2014. Asia-Pacific is to be the fastest-growing market during the forecast period. Companies like Amcor Limited, The Dow Chemical Company, West Rock Company, Bemis Company, Inc., Sonoco Products Company, Constantia Flexibles, Klockner Pentaplast Group, Display Pack, Inc., Tekni-Plex, Inc. and Pharma Packaging Solutions have been profile in this 234 pages research report available at http://www.reportsnreports.com/reports/469740-blister-packaging-market-by-material-plastic-film-paper-paperboard-aluminum-technology-thermoforming-cold-forming-heat-seal-coating-water-based-solvent-based-application-food-consumer-goods-industrial-goods-healthcare-global-forecast-to.html .

Explore more reports on packaging market at http://www.reportsnreports.com/tags/packaging-market-research.html .

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