FLEXIBLE PACKAGING MARKET ANALYSIS

Flexible Packaging Market, By Material (Plastic, Paper, Metal, Bioplastics, and Others), By Product Type (Stand-up Pouches, Vacuum Pouches, Retort Pouches, Converted Roll Stock, Gusseted Bags, Wicketed Bags, Laminated Tubes, Squeezable Bottles, and Others), By Application (Food & Beverage, Pharmaceutical, Cosmetics, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Apr 2024
Code : CMI3773
Pages :120
Formats :
Excel and PDF
Industry : Packaging

Challenges: Changing consumer preferences towards more sustainable packaging

Changing consumer preferences towards more sustainable packaging options poses a threat as consumers are seeking packaging that uses less plastic. Stringent government regulations around the use of plastics also present a challenge. Additionally, intense competition in the market along with price volatility of raw materials like plastic resins puts pressure on flexible packaging manufacturers' margins.

Opportunities: Expanding e-commerce sector

The expanding e-commerce sector fuels the demand for effective packaging solutions for shipping products. Growth in industries like food and beverages, pharmaceuticals, and personal care drives the need for packaged goods. Flexible packaging offers advantages over rigid alternatives in terms of cost effectiveness and ability to extend product shelf life.