The global market of flexible packaging.

 

The flexible (converted) plastic packaging market is recorded growth over the next decade as emerging market consumer's increase their consumption of a variety of packaging consumer goods and new opportunities for the packaging industry emerge through premiumisation of packaging and increasing healthcare needs in developed markets. Also as consumer trends and demographics change globally to require more convenience goods and smaller portioned goods, the demand for flexible (converted) plastic packaging will increase. The global flexible packaging market is largely driven by the growth in its end-use industries. The penchant for consumption of packaged products such as packaged food & beverage, personal care products, and pharmaceuticals is resulting in its growth. Consumers' push for convenient packaging would result in the growth of the PP/PE pouches, polythene and polypropylene sachets, PE and PP bags, and other types of flexible packaging manufactured by PP/PE pouches, sachets and PE,PP bags manufacturers and other factories. These novel pack types with varying sizes and innovative closures are expected to gain momentum in the near future. This market consists of various stake holders, such as packaging manufacturers, traders, distributors, and raw material suppliers of food, beverage, personal care products, pharmaceuticals, and flexible packaging products.  The global flexible market has made little strides in terms of value and regaining the volume lost during the economic slowdown. However, the market has grown considerably in the last few years and is expected to grow at a faster pace in the near future. Factors such as growing consumer preferences towards consuming convenient packaged food & beverages, personal care products, and pharmaceutical is helping this global packaging industry to grow. Increasing innovations in the packaging industry help to drive down the cost and new package types act as an important driver for the flexible packaging market. The important materials used in flexible packaging market are polyethylene, polypropylene, BOPET, EVOH, polyamide, paper, aluminum, cellulosic, and PVC.  This raw material is converted into films that are further converted into pouch, sachet, and bags in which the products are packaged. * Flexible packaging has also benefited from a wider range of new products being developed by brand owners in an increasingly competitive consumer marketplace. Barrier flexible packaging will continue to grow in importance as the major retail chains demand greater product protection and longer shelf life. Flexible packaging has reached market maturity in the developed nations of North America and western Europe and future growth will be modest. However, Smithers Pira expects flexible packaging to see stronger growth in developing countries. Demand in North America's converted flexible packaging market has been underpinned by recovering economies and flexible packaging formats being used as alternatives to traditional rigid packaging. Asia-Pacific has the highest market share and is estimated to grow with a CAGR of 7.1% during the period under review. Europe is growing with a CAGR of 3.9%, and is driven mainly by the East European markets. ROW is also expected to experience growth in flexible packaging market in the future. The CAGR for ROW is 6.0% from 2013 to 2018. The four most potential nations for flexible packaging market are India, China, Russia, and Brazil which are poised to exhibit the fastest growing trend. Many people play up the recyclability aspect of sustainability as it relates to packaging at the exclusion of the front end of a package’s life cycle. The carbon footprint of various packaging types has to consider many factors. For example, pouches offer tremendous energy savings both in their production and transport. Comparing rigid containers versus pouches, you can ship one truckload of flat pouches that have the equivalent product-holding capacity of upwards of 15 to 25 truckloads of empty rigid containers. Packagers can also save hundreds of thousands of dollars in packaging material costs and secondary packaging operations systems due to simplifications of packaging systems, such as the elimination of labeling, capping, etc. In the flexible packaging market, pharmaceutical packaging is the fastest growing market with a CAGR of 7.1% during the forecast period. Due to the increased awareness for public health, increasing product processing units, convenience packaging, and rising consumption of generic drugs, the pharmaceutical packaging industry is exhibiting strong gains. Following it, the food packaging is estimated to be the second fastest growing market in 2013, due to the rise in consumption of packaged food. Growing health concerns and knowledge about the nutrition value is driving the market for packed products to preserve the end-products. * Asia is the largest regional market with 29.1% of global market volume in 2011, followed by western Europe and North America. Asia is also the fastest-growing market for consumer flexible packaging, with a forecast CAGR for 2011-16 of 7.9%. The region is forecast to represent 55.0% of total world flexible packaging consumption growth during the period 2011-16. India and China are the fastest-growing national markets for consumer flexible packaging according to Smithers Pira, together accounting for 44.0% of world flexible packaging consumption growth during the forecast period.

The flexible packaging market is recorded growth over the next decade as emerging market consumer's increase their consumption of a variety of packaging consumer goods and new opportunities for the packaging industry emerge through premiumisation of packaging and increasing healthcare needs in developed markets. The global flexible packaging market is largely driven by the growth in its end-use industries. The penchant for consumption of packaged products such as packaged food & beverage, personal care products, and pharmaceuticals is resulting in its growth. Consumers' push for convenient packaging would result in the growth of the PP/PE pouches, polythene and polypropylene sachets, PE and PP woven bags, and other types of flexible packaging manufactured by PP/PE pouches, sachets and PE, as well as the PP bag manufacturers and other factories. These novel pack types with varying sizes and innovative closures are expected to gain momentum in the near future. This market consists of various stake holders, such as packaging manufacturers, traders, distributors, and raw material suppliers of food, beverage, personal care products, pharmaceuticals, and flexible packaging products. 

The global flexible market has made little strides in terms of value and regaining the volume lost during the economic slowdown. However, the market has grown considerably in the last few years and is expected to grow at a faster pace in the near future. Factors such as growing consumer preferences towards consuming convenient packaged food & beverages, personal care products, and pharmaceutical is helping this global packaging industry to grow. Increasing innovations in the packaging industry help to drive down the cost and new package types act as an important driver for the flexible packaging market.

The important materials used in flexible packaging market are polyethylene, polypropylene, BOPET, EVOH, polyamide, paper, aluminum, cellulosic, and PVC. This raw material is converted into films that are further converted into pouch, sachet, and bags in which the products are packaged.

Flexible packaging has also benefited from a wider range of new products being developed by brand owners in an increasingly competitive consumer marketplace. Barrier flexible packaging will continue to grow in importance as the major retail chains demand greater product protection and longer shelf life. Flexible packaging has reached market maturity in the developed nations of North America and western Europe and future growth will be modest. However, Smithers Pira expects flexible packaging to see stronger growth in developing countries.

Demand in North America's converted flexible packaging market has been underpinned by recovering economies and flexible packaging formats being used as alternatives to traditional rigid packaging. Asia-Pacific has the highest market share and is estimated to grow with a CAGR of 7.1% during the period under review. Europe is growing with a CAGR of 3.9%, and is driven mainly by the East European markets. ROW is also expected to experience growth in flexible packaging market in the future. The CAGR for ROW is 6.0% from 2013 to 2018. The four most potential nations for flexible packaging market are India, China, Russia, and Brazil which are poised to exhibit the fastest growing trend.

Many people play up the recyclability aspect of sustainability as it relates to packaging at the exclusion of the front end of a package’s life cycle. The carbon footprint of various packaging types has to consider many factors. For example, pouches offer tremendous energy savings both in their production and transport. Comparing rigid containers versus pouches, you can ship one truckload of flat pouches that have the equivalent product-holding capacity of upwards of 15 to 25 truckloads of empty rigid containers. Packagers can also save hundreds of thousands of dollars in packaging material costs and secondary packaging operations systems due to simplifications of packaging systems, such as the elimination of labeling, capping, etc.

In the flexible packaging market, pharmaceutical packaging is the fastest growing market with a CAGR of 7.1% during the forecast period. Due to the increased awareness for public health, increasing product processing units, convenience packaging, and rising consumption of generic drugs, the pharmaceutical packaging industry is exhibiting strong gains. Following it, the food packaging is estimated to be the second fastest growing market in 2013, due to the rise in consumption of packaged food. Growing health concerns and knowledge about the nutrition value is driving the market for packed products to preserve the end-products.

Asia is the largest regional market with 29.1% of global market volume in 2011, followed by western Europe and North America. Asia is also the fastest-growing market for consumer flexible packaging, with a forecast CAGR for 2011-16 of 7.9%. The region is forecast to represent 55.0% of total world flexible packaging consumption growth during the period 2011-16. India and China are the fastest-growing national markets for consumer flexible packaging according to Smithers Pira, together accounting for 44.0% of world flexible packaging consumption growth during the forecast period.

 

Tags: flexible packaging (all tags)

Diaries

Advertise Blogads