Overview of the flexible packaging market in Europe
Several companies are compelled to adopt strategies to lower the generation of plastic waste as they are increasingly focusing on attaining sustainability. The rising significance of sustainability is also resulting in an increased demand for flexible packaging. Many companies are adopting flexible packaging solutions as it helps in the reduction of the carbon footprint. Flexible packaging produces around 45%-55% less packaging waste in comparison to rigid packaging solutions. In addition, the application of flexible packaging incurs less cost for companies as it uses a minimal amount of plastic packaging materials. Research analysis on the flexible packaging market in Europe identifies the application of reduced plastic weight flexible packaging materials to be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that the market will grow at a CAGR of close to 5% by 2022.
The biopolymer is a renewable plastic packaging material, which is manufactured from biomass. The application of biopolymers is increasing due to the growing environmental concerns among government organizations and people. This is encouraging flexible packaging manufacturers to adopt biopolymers to produce flexible packaging. The growing emphasis on the application of biopolymers is identified as one of the key trends that will stimulate growth in the flexible packaging market in Europe during the estimated period.
The flexible packaging market in Europe appears to be fragmented due to the presence of a large number of vendors. This industry research report offers information about the competitive environment among players in this marketspace and offers an analysis of key flexible packaging companies and their products. Additionally, our analysts also offer information about key areas the players of the Europe flexible packaging market currently focus on and strategies they follow to sustain the competition.
This research report provides an analysis of various companies in the Europe flexible packaging market including
Segmentation by end-user and analysis of the flexible packaging market in Europe
Flexible packaging is extensively used in the food industry to package food products. This will boost the growth prospects for the Europe flexible packaging market in the food products segment.
Key questions answered in the report include
What will the market size and the growth rate be in 2022?
What are the key factors driving the flexible packaging market in Europe?
What are the key market trends impacting the growth of the flexible packaging market in Europe?
What are the challenges to market growth?
Who are the key vendors in the flexible packaging market in Europe?
What are the market opportunities and threats faced by the vendors in the flexible packaging market in Europe?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the flexible packaging market in Europe?
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