The global flexible packaging market for food and beverages (F&B) to exceed USD 83 billion during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global flexible packaging market for food and beverages (F&B) for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the prominent vendors from all regions that are operating in the market. The report also includes a discussion of the key vendors operating in this market.
Rising demand for packaged food will be a key trend for market growth. Changing lifestyles, improving economic conditions and the rise in disposable incomes are driving the demand for packaged foods in many countries. The rise in the demand for packaged food among consumers across developed and developing countries has propelled the demand for flexible packaging products. The demand for packaged food and processed food is increasing. This is attributable to the improvement of economic conditions in many developed countries and the rise in disposable incomes in developing countries, such as India, China, and Saudi Arabia.
According to the report, demand for stand-up pouches will be a key driver for market growth. Stand-up pouches are preferred by both vendors and consumers. From the vendor's perspective, it is easy to manufacture as lesser quantities plastics are used. From the consumer's perspective, they are easy to handle and carry and are available in various designs.
Further, the report states that high penetration of rigid packaging will be a major challenge for the market. By volume, rigid packaging accounts for a share of 52% in the global plastic packaging market; whereas, flexible packaging accounts for a share of 43%. The ability to retain its shape and high awareness among consumers provides a strong base for the market.
- Constantia Flexibles
- Innovia Films
Other prominent vendors
- Sealed Air
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by raw material
Part 07: Geographical segmentation
Part 08: Key drivers
Part 09: Impact of drivers
Part 10: Key challenges
Part 11: Impact of drivers and challenges
Part 12: Key trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/b34b8v/global_flexible
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SOURCE Research and Markets