18-Nov-16 The flexible packaging market is expected to exceed US$324 bln by 2022; growing at a CAGR of over 5% in the given forecast period, as per Market Search Engine. Flexible packaging is growing fast in the field of prime packaging. Development in material science has permitted manufacturers to produce flexible packaging for the food and beverage business superior than before. This packaging can maintain the main role of protecting its contents as to provide the advantages of better performance, lower weight and lower scope of contamination. Flexible packaging makes easier to store and handle transportation of goods lots smoother.
The flexible packaging market is segmented on the lines of its material type, product type, application and regional. Based on material type it covers cellulosic, aluminum, paper and polymer. Polymer segmentation is further classified into poly styrene, ethylene vinyl alcohol, poly vinyl chloride, polyamide, biaxially oriented polyethylene terephthalate, cast polypropylene and polyethylene. Polyethylene is further segmented into LLDPE, HDPE and LDPE. Under product segmentation it covers squeezable bottles, laminated tubes, wicketed bags, gusseted bags, converted roll stock, retort pouches and stand up pounchs. Based on application segmentation it covers industrial and institutional and consumer applications. Consumer segmentation is further classified into tobacco, pharmaceutical, personal care and food and beverages. Food and beverage covers dairy, bakery and confectionery, tea, frozen and chilled food, ready to eat food and others. The flexible packaging market’s geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
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