The global flexible packaging market is projected to grow at a CAGR of around 4% during the forecast period. Flexible packaging refers to that packaging which can be refilled as well as can be changed into any shape. It is also considered as one of the key segments in the overall packaging industry. It also addresses the key trends as well as the issues faced in rigid packaging. The key factors that drive the growth of the global flexible packaging market include the advantages offered by it, such as, sustainability and cost-effectiveness. Introduction of various formats such as pouches, wraps, and blister packs further aids in the adoption of flexible packaging options.
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Moreover, flexible packaging offers ease and convenience to the customers in the fast-paced lifestyles. In addition, the enhanced printing technology that aids the manufacturers in achieving a strong brand presence further contributes to the market growth. Additionally, flexible packaging meets the safety and security goals for the product, besides, options such as re-sealable pouches are amongst the key product preference of the customers for both food & beverages as well as household packaging. Thus, all these factors altogether contribute significantly to the market growth over the forecast period.
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Global Flexible Packaging Market Segmentation
By Material Type
- Paper
- Aluminum Foil
- Plastic
By Application
- Food & Beverages
- Healthcare
- Household &Personal Care
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
