Global Flexible Packaging Market for Food and Beverages 2018-2022
- Published: May 2018
- Pages: 123
- SKU: IRTNTR20483
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The global food and beverages flexible packaging market worth will grow by USD 22.6 billion by 2022. This industry research report provides a detailed analysis of the flexible packaging market for food and beverages by material type (flexible plastic, flexible paper, and flexible foil) and by geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several flexible packaging companies including Amcor, Bemis, Berry Global, Mondi, and Sealed Air.
Below are some of the key findings from our food and beverages flexible packaging market forecast report
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Overview of the global flexible packaging market for food and beverages
According to our food and beverages flexible packaging market growth analysis, the increasing demand for packaged food and beverage products will contribute significantly to the growth of the market. It has been observed that during 2014, the global sales of packaged food was worth USD 2.34 trillion. With growing urbanization impacting the food habits of individuals in metropolitan areas, this is estimated to reach USD 2.63 trillion by 2019. The growing global population that will drive the demand for food and beverage products will significantly drive the demand for flexible packaging. Our market research analysts have predicted that the market will register a CAGR of nearly 6% by 2022.
Intense competition and technological advancements pose as major challenges to flexible packaging companies. Owing to the intense competition, companies are focusing on adopting M&A strategies, where smaller companies are either acquired by or merged with major vendors. TC Transcontinental recently acquired Coveris Americas for more than USD 1.3 billion. Similarly, one of the major companies Amcor has also acquired the China-based packaging company Hebei Qite Packing. Such consolidations will help companies focus more on innovations and technological advancements, which will, in turn, drive the growth of food and beverages flexible packaging market revenue.
The flexible packaging market for food and beverages is moderately fragmented and has the presence of several international and regional vendors. With the market in the growth phase, the competitive environment is quite intense. This research report provides a detailed analysis of the market’s competitive landscape and also offers information on the key companies and the products they offer. Additionally, to help clients make the most from the upcoming growth opportunities, this report also suggests areas they should focus on and the strategies they should follow.
This research report provides an analysis of various companies in the market including:
- Berry Global
- Sealed Air
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Geographical segmentation and analysis of the flexible packaging market for food and beverages
According to this flexible food packaging market research report, EMEA will be the major revenue contributor to the market throughout the forecast period. The rising demand for convenient and flexible packaging solutions and recyclable and reusable packaging solutions, will be major factors driving the food and beverages flexible packaging market growth in EMEA.
Key highlights of the global flexible packaging market for food and beverages for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the flexible packaging market for food and beverages during the next five years
- Precise estimation of the global flexible packaging market size for food and beverages and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the flexible packaging industry for food and beverages across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of flexible packaging companies
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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