Analysis of the Global Flexible Plastic Packaging Market, Forecast to 2023

Analysis of the Global Flexible Plastic Packaging Market, Forecast to 2023

Innovation in Developing Sustainable and Recyclable Flexible Solutions Will Drive Market Growth

RELEASE DATE
08-Nov-2019
REGION
Global
Research Code: K3E7-01-00-00-00
SKU: CM01709-GL-MR_23607

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Description

Plastics have been a part of packaging industry for long. Features including light weight, low cost, durability, easy to handle, and intrinsic properties such as chemical and moisture resistance are the factors that makes plastic the go-to packaging material in most cases. Recently the market has witnessed a shift towards the use of flexible plastics from rigid plastics as the amount of plastic used is reduced, and offers better sustainable advantages such as less waste, and less carbon emissions.

Convenient and affordable packaging is the major preference for consumers which in turn has resulted is driving the market towards flexible packaging.

In addition, increase in number of dual-income households, rapid lifestyle changes, expanding retail, and growing popularity of home delivery services attribute to growing demand of flexible packaging.

Growth in e-commerce will stimulate growth in packaging market. This in turn has boosted the demand for packaging materials used in the delivery of products.

In terms of market participation, tier 1 companies including Amcor, Berry, Huhtamaki, and Mondi, occupied a share of around 15%-20% thus dominating the market. On the other hand, Tier 2 companies occupied a share of 25%-35%, followed by Tier 3 companies with a share of 45%-60%. Moreover, Tier 1 and Tier 2 companies have adopted strategies like partnerships and acquisition to expand their customer base and create a global presence of the company. Asia-Pacific (APAC) is expected to witness the highest growth rate of 3.6% from 2018 to 2023 owing to the increasing number of dual income households.

Key market participants are partnering with technology companies to come up with efficient flexible packaging solutions that offer superior barrier properties and are sustainable.

Although, flexible plastic is the best packaging material in terms of weight, cost, and efficiency, product innovations to tackle the increasing pollution levels due to the use of plastic is critical. The plastics which reach the ocean get further broken down into micro plastics which are consumed by marine animals thus posing a threat to their life and existence. Moreover, this plastic litter can also impact the human health moving up the food chain. This in turn has put pressure on the companies and manufacturers to find viable solutions to this problem either by improving the recycling rate or focusing on producing alternative which could replace plastics.

Hence, market participants such as Mondi, Huhtamaki, and Amcor are leveraging plastic technologies to develop recycle-friendly and sustainable flexible packaging.

RESEARCH: INFOGRAPHIC

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Table of Contents

Executive Summary—Strategic Factsheet

Market Engineering Measurements

CEO’s Perspective

Market Definitions

Key Questions This Study Will Answer

Market Segmentation

Market Segmentation Description

Market Segmentation Description (continued)

Geographic Scope

Value Chain

Value

Regulatory Guidelines—Global Perspective

Regulatory Guidelines—North America

Regulatory Guidelines—Europe

Regulatory Guidelines—APAC

Regulatory Guidelines—ROW

Market Growth Levers

Market Growth Challenges

Market Engineering Measurements

Flexible Plastic Packaging—Revenue Forecast

Flexible Plastic Packaging—Unit Shipment Forecast

Flexible Plastic Packaging—Unit Shipment and Revenue Forecast Discussion

Flexible Plastic Packaging—Unit Shipment and Revenue Forecast by Raw Material

Flexible Plastic Packaging—Unit Shipment and Revenue Forecast Discussion by Raw Material

Flexible Plastic Packaging—Unit Shipment and Revenue Forecast by End Application

Flexible Plastic Packaging—Unit Shipment and Revenue Forecast Discussion by End Application

Flexible Plastic Packaging—Unit Shipment and Revenue Forecast by Region

Flexible Plastic Packaging—Unit Shipment and Revenue Forecast Discussion by Region

Competitive Landscape

Case Examples of Companies Having an Influence on the Plastic Packaging Value Chain

Case Examples of Companies Having an Influence on the Plastic Packaging Value Chain (continued)

Case Examples of Companies Having an Influence on the Plastic Packaging Value

Case Examples of Companies Having an Influence on the Plastic Packaging Value

Growth Opportunity 1—Need for Sustainable Alternatives

Growth Opportunity 2—Expanding Vertical Markets

Strategic Imperatives for Success and Growth

Market Trends—Changing Consumer Preferences

Market Trends—Recyclability & Sustainability

Market Trends—Product Innovation

Market Trends—Market Strategies

Alternatives to Conventional Plastics—Plastics Aligned with Green PrinciplesBiodegradable plastics such as Bio PP and PVA are potential candidates as water-soluble packaging materials.

Market Engineering Measurements

North America—Revenue Forecast

North America—Unit Shipment Forecast

North America—Unit Shipment and Revenue Forecast Discussion

North America—Revenue Forecast by End Application

North America—Unit Shipment Forecast by End Application

North America—Revenue Forecast by Raw Material

North America—Unit Shipment Forecast by Raw Material

North America—Unit Shipment and Revenue Forecast Discussion by End Application

North America—Unit Shipment and Revenue Forecast Discussion by Raw Material

North America—Unit Shipment and Revenue Forecast Discussion by End Application

North America—Unit Shipment and Revenue Forecast Discussion by Raw Material

North America—Unit Shipment and Revenue Forecast Discussion by End Application

North America—Unit Shipment and Revenue Forecast Discussion by Raw Material

North America—Unit Shipment and Revenue Forecast Discussion by End Application

North America—Unit Shipment and Revenue Forecast Discussion by Raw Material

Market Engineering Measurements

Europe—Revenue Forecast

Europe—Unit Shipment Forecast

Europe—Unit Shipment and Revenue Forecast Discussion

Europe—Revenue Forecast by End Application

Europe—Unit Shipment Forecast by End Application

Europe—Revenue Forecast by Raw Material

Europe—Unit Shipment Forecast by Raw Material

Europe—Unit Shipment and Revenue Forecast Discussion by End Application

Europe—Unit Shipment and Revenue Forecast Discussion by Raw Material

Europe—Unit Shipment and Revenue Forecast Discussion by End Application

Europe—Unit Shipment and Revenue Forecast Discussion by Raw Material

Europe—Unit Shipment and Revenue Forecast Discussion by End Application

Europe—Unit Shipment and Revenue Forecast Discussion by Raw Material

Europe—Unit Shipment and Revenue Forecast Discussion by End Application

Europe—Unit Shipment and Revenue Forecast Discussion by Raw Material

Market Engineering Measurements

APAC—Revenue Forecast

APAC—Unit Shipment Forecast

APAC—Unit Shipment and Revenue Forecast Discussion

APAC—Revenue Forecast by End Application

APAC—Unit Shipment Forecast by End Application

APAC—Revenue Forecast by Raw Material

APAC—Unit Shipment Forecast by Raw Material

APAC—Unit Shipment and Revenue Forecast Discussion by End Application

APAC—Unit Shipment and Revenue Forecast Discussion by Raw Material

APAC—Unit Shipment and Revenue Forecast Discussion by End Application

APAC—Unit Shipment and Revenue Forecast Discussion by Raw Material

APAC—Unit Shipment and Revenue Forecast Discussion by End Application

APAC—Unit Shipment and Revenue Forecast Discussion by Raw Material

APAC—Unit Shipment and Revenue Forecast Discussion by End Application

APAC—Unit Shipment and Revenue Forecast Discussion by Raw Material

Market Engineering Measurements

ROW—Revenue Forecast

ROW—Unit Shipment Forecast

ROW—Unit Shipment and Revenue Forecast Discussion

ROW—Revenue Forecast by End Application

ROW—Unit Shipment Forecast by End Application

ROW—Revenue Forecast by Raw Material

ROW—Unit Shipment Forecast by Raw Material

ROW—Unit Shipment and Revenue Forecast Discussion by End Application

ROW—Unit Shipment and Revenue Forecast Discussion by Raw Material

ROW—Unit Shipment and Revenue Forecast Discussion by End Application

ROW—Unit Shipment and Revenue Forecast Discussion by Raw Material

ROW—Unit Shipment and Revenue Forecast Discussion by End Application

ROW—Unit Shipment and Revenue Forecast Discussion by Raw Material

ROW—Unit Shipment and Revenue Forecast Discussion by End Application

ROW—Unit Shipment and Revenue Forecast Discussion by Raw Material

The Last Word—3 Big Predictions

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
Plastics have been a part of packaging industry for long. Features including light weight, low cost, durability, easy to handle, and intrinsic properties such as chemical and moisture resistance are the factors that makes plastic the go-to packaging material in most cases. Recently the market has witnessed a shift towards the use of flexible plastics from rigid plastics as the amount of plastic used is reduced, and offers better sustainable advantages such as less waste, and less carbon emissions. Convenient and affordable packaging is the major preference for consumers which in turn has resulted is driving the market towards flexible packaging. In addition, increase in number of dual-income households, rapid lifestyle changes, expanding retail, and growing popularity of home delivery services attribute to growing demand of flexible packaging. Growth in e-commerce will stimulate growth in packaging market. This in turn has boosted the demand for packaging materials used in the delivery of products. In terms of market participation, tier 1 companies including Amcor, Berry, Huhtamaki, and Mondi, occupied a share of around 15%-20% thus dominating the market. On the other hand, Tier 2 companies occupied a share of 25%-35%, followed by Tier 3 companies with a share of 45%-60%. Moreover, Tier 1 and Tier 2 companies have adopted strategies like partnerships and acquisition to expand their customer base and create a global presence of the company. Asia-Pacific (APAC) is expected to witness the highest growth rate of 3.6% from 2018 to 2023 owing to the increasing number of dual income households. Key market participants are partnering with technology companies to come up with efficient flexible packaging solutions that offer superior barrier properties and are sustainable. Although, flexible plastic is the best packaging material in terms of weight, cost, and efficiency, product innovations to tackle the increasing pollution levels due to the use of plastic is critical. The plastics which reach the ocean get further broken down into micro plastics which are consumed by marine animals thus posing a threat to their life and existence. Moreover, this plastic litter can also impact the human health moving up the food chain. This in turn has put pressure on the companies and manufacturers to find viable solutions to this problem either by improving the recycling rate or focusing on producing alternative which could replace plastics. Hence, market participants such as Mondi, Huhtamaki, and Amcor are leveraging plastic technologies to develop recycle-friendly and sustainable flexible packaging.
More Information
No Index No
Podcast No
Author Prateeksha Kaul
Industries Chemicals and Materials
WIP Number K3E7-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9938-A2,9595