Flexible Plastic Packaging Market Size Worth $179.69 Billion by 2025: Grand View Research, Inc.

SAN FRANCISCO, December 10, 2018 /PRNewswire/ --

The global flexible plastic packaging market size is projected to reach USD 179.69 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% during the forecast period. Significant demand for the product in the food & beverage and healthcare industries is a key growth stimulant for the market.

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Polyethylene is the most widely used material for the production of flexible plastic packaging. The segment is expected to account for the largest share in the market during the forecast period owing to its abundant availability and considerable decline in manufacturing costs. In terms of type, the demand for flat pouches is estimated to register significant rise over the same period owing to its applicability in various industries. These pouches are preferred for their convenience regarding storage and transportation.

The demand for the product in the food & beverage industry is backed by growing popularity of stand-up pouches and flat pouches on retail shelves. The pharmaceutical industry offers a lucrative opportunity for the global flexible plastic packaging market owing to increasing health awareness among consumers, burgeoning popularity of convenient packaging, and a substantial increase in processing units (product) from a manufacturer's standpoint.

In this regard, Europe has also contributed significantly to the growth of the pharmaceutical industry, thereby strengthening the flexible plastic packaging market in the region. Some of the key countries that have witnessed upswing in the demand for pharmaceutical products are Belgium, Denmark, France, Germany, Ireland, Italy, and Switzerland.

Asia Pacific is likely to be a promising destination for flexible plastic packaging manufacturers, notably emerging countries such as China, Japan, and India. Manufacturers are focusing on setting up their manufacturing plants close to sources of raw materials in the region, on account of their cheap availability. Low labor cost is another factor that is attracting manufacturers to strengthen businesses in this region. Asia Pacific is also the largest market for beverages. This has offered lucrative opportunities to manufacturers to cater to packaging requirements of the beverage industry in the region.

Browse full research report with TOC on "Flexible Plastic Packaging Market Size, Share & Trends Analysis Report By Material (Polyethylene, Polyamine, PVC), By Type (Flat Pouches, Stand-Up Pouches), By Application, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/flexible-plastic-packaging-market

Further Key Findings From the Report Suggest: 

• In terms of volume, the healthcare application segment is anticipated to reach 29.12 million tons by 2025, at a CAGR of 2.7% during the forecast period
• In terms of revenue, the food & beverage segment is expected to witness the fastest growth over the forecast period, owing to benefits offered by the product such as decreased scrap and easy processing.
• In terms of volume, the PE segment dominated the market in 2017 with a share of approximately 26.0%. It is expected to retain its prominent position over the forecast period
• In terms of revenue, the segment for stand-up pouches is anticipated to account for a market share of 65.7% by 2025. The flat pouches segment is expected to register the fastest growth over the forecast period, owing to ease of manufacturing process coupled with significant demand for the product
• The industry for flexible plastic packaging is highly competitive with presence of various well-established players with extensive product portfolios
• Key market participants in the market include Sigma Plastics Group, Amcor Limited, Sealed Air Corporation, Constantia Flexibles Group, ProAmpac, Mondi plc, and Coveris Holding S.A.

Browse related reports by Grand View Research: 

• Functional Textile Finishing Agents Market - The global functional textile finishing agents market size was estimated at 1,14.2 million tons in 2015.

• Thermoplastic Polyurethane (TPU) Films Market - The global thermoplastic polyurethane (TPU) films market size was estimated at 51.81 kilo tons in 2015.

• Polyvinyl Chloride (PVC) Market - The global medical polymers market size was estimated at USD 12.34 billion in 2016, growing at a CAGR of 8.4% over the forecast period. 

• Polymethyl Methacrylate (PMMA) Market - The global polymethyl methacrylate (PMMA) market size was valued at USD 4.06 billion in 2015 and is projected to grow at a CAGR of 7.4% from 2016 to 2025.

Grand View Research has segmented the global flexible plastic packaging market on the basis of material, type, application, and region. 

• Flexible Plastic Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) 
  • PE
  • PP
  • PA
  • PVC
  • PS
  • Others
• Flexible Plastic Packaging Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) 
  • Stand-Up Pouches
  • Flat Pouches
  • Rollstocks
  • Others
• Flexible Plastic Packaging Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) 
  • Food & Beverage
  • Healthcare
  • Personal care
  • Others
• Flexible Plastic Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) 
  • North America
    • U.S
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia

Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
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Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]

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SOURCE Grand View Research, Inc.