Global Converted Flexible Packaging Market Information: By Material (Plastic, Paper, and Aluminium Foil), Product (Pouches, Bags, and Others), Application (Food & Beverages, Pharmaceuticals, Consumer Goods and Others), and Region - Forecast till 2023
Market Scenario
According to Market Research Future (MRFR), in its latest “Converted Flexible Packaging Market” report, the worldwide converted flexible packaging market 2020 can witness a sharp rise. The converted flexible packaging can surge at 5.31% CAGR through the estimated period (2017-2023). MRFR estimates the world converted flexible packaging market to value at USD 104,999.8 MN by 2023.
The packaging type that combines raw materials, such as adhesives, polyesters, paper & paperboard, and plastics to produce new packages, such as bags and pouches is called convert flexible packaging.
Their growing food & beverages, pharmaceuticals, personal care, and consumer goods applications can prompt the convertible flexible packaging market growth.
Get Free Sample @ https://www.marketresearchfuture.com/sample_request/2374
The global market of converted flexible packaging can be driven by rise in the consumption of packaged and processed foods and beverages. The eco-friendly benefits of converted flexible packaging can fuel the expansion of the market. The use of low raw material, reduced low carbon emission, and relatively low waste production over conventional packaging formats can spur the expansion of the converted flexible market growth.
Key Players
MRFR listed reputed players in the world converted flexible packaging market. They are; Amcor Limited (Australia), Bemis Company Inc. (U.S.), Sonoco Products Company (U.S.), Sealed Air Corporation (U.S.), Graphics Packaging Holding Company (U.S.), Ampac Packaging LLC (U.S.), Constantia Flexibles Group GmbH (Austria), Honeywell International Incorporated (U.S.), Bischof + Klein SE & Co. KG (Germany), and Oracle Packaging Inc. (U.S.). Mergers, strategic partnership, and new product launches can favour the converted flexible packaging global market in the years to come.
Segmental Study
The convert flexible packaging market study is based on product and application. The product-based segments of the convert flexible packaging market are bags, pouches, and others. The rise in the expansion of the convert flexible packaging market account on high sales of pouches. Pouches accounted for 39.62% share of the market, and the value estimated for the market is USD 29,152.4 MN.
The application-based segments of the convert flexible packaging market are pharmaceuticals, food & beverages, consumer goods and others. Segment accounted for 39.10% share of the market, and USD 28,769.8 MN was the estimated value for the market. The rise in demand for on-the-go and ready-to-eat foods and drinks can boost the converted flexible packaging market growth. In addition, the rise in the disposable income in China, Brazil, and India resulting in the high demand for good quality packaged food can cause the food & beverages segment to surge at 5.80% CAGR during the estimated period.
Regional Analysis
Asia Pacific convert flexible packaging market share can USD 23,876.7 MN at 5.62% CAGR through during the review period. The high growth of APCA packaging sector can fuel the rise of the expansion of the convert flexible packaging market. The rise in supermarkets count in the region can boost the expansion of the regional market. Plus, the growing demand for multipacks of grocery products can rise the need for converted flexible packaging products. Thus, can spur the expansion of the convert flexible packaging market across Japan, China, Thailand, and India. China can head the regional flexible packaging market due to industrial development and urbanization.
In North America, the growing utility of converted flexible packaging market can prompt the expansion of the market. The rise in the adoption of converted flexible packaging the retail sector can spur the market growth in the North American region. The Middle East and Africa converted flexible packaging market can thrive at 4.23% CAGR through the review period 2017-2023.
Access Full Report with Complete TOC @ https://www.marketresearchfuture.com/reports/converted-flexible-packaging-market-2374
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Phone: +1646 845 9312
Email: [email protected]
SummaryGlobal Converted Flexible Packaging Market Revenue, 5.31% of CAGR, Statistics, Research Report and Industry Forecast by 2023 | Global Converted Flexible Packaging Market Information: By Material (Plastic, Paper, and Aluminum Foil), Product (Pouches, Bags, and Others), Application (Food & Beverages, Pharmaceuticals, Consumer Goods and Others), and Region - Forecast till 2023Global Converted Flexible Packaging Market – OverviewThe impact of packaging on the environment are far-reaching which is leading to innovations that can reduce their impact.
Reports that judge the packaging and transport industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities.
The market stands to accomplish a CAGR of 5.31 % in the forecast period.The regulations on carbon emissions are becoming more stringent globally, which is expected to intensify the push for Global Converted Flexible Packaging Market in the future.
The rising transportation of grocery products in sustainable packaging formats is expected to motivate the development of the Global Converted Flexible Packaging Market around the world.Get Free Sample of Converted Flexible Packaging Market Research Report - Global Forecast to 2023 @ https://www.marketresearchfuture.com/sample_request/2374Key PlayersSealed Air Corporation (U.S.)Bemis Company Inc. (U.S.)Sonoco Products Company (U.S.)Ampac Packaging LLC (U.S.)Graphics Packaging Holding Company (U.S.)Amcor Limited (Australia)Bischof + Klein SE & Co. KG (Germany)Constantia Flexibles Group GmbH (Austria)Segmental AnalysisThe examination of the segments in the Global Converted Flexible Packaging Market is carried out on the basis of product, region, material, and application.
Based on the material, the Global Converted Flexible Packaging Market is segmented into plastic, paper, and aluminum foil.
The Asia Pacific region was the leading market portion in 2016, with an expanding market worth and is expected to progress at the uppermost CAGR through the forecast period.
