Global Flexible Packaging Market
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Global Flexible Packaging Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
Rise in demand from food & beverages, healthcare, cosmetics & toiletries, household products, sporting goods and other agricultural products industries will drive global flexible packaging market growth. Shift in trends towards convenient packaging because of lightweight characteristic and ease of use may boost market growth.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Technological development, improving barricade properties, evolving thin elastic material along with improvements in high-speed filling equipment will drive flexible packaging market growth. Easy transportation and storage along with sustainable properties driven the product demand. Export trading industry expansion are key factors enhancing the complete industry growth.
However, there are certain factors hampering the growth of global flexible packaging market. Using several layers of a specific material makes the recycling process difficult and complicated. In a few cases metal and plastics are utilized together for flexible packaging. This makes the recycling process extremely tedious since plastic is simply recyclable but metal takes time. Also, stringent environment regulations across the globe are as well hindering the global market growth.
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Last Update : 12 September 2020
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