Flexible Plastic Packaging Market to accrue USD 250 Billion by 2032, Says Global Market Insights inc.
Flexible Plastic Packaging Industry size is expected to register 4% CAGR between 2023 and 2032 propelled by rising demand for convenience.
Selbyville, Delaware, June 10, 2024 (GLOBE NEWSWIRE) — Flexible Plastic Packaging Market is anticipated to record USD 250 billion by the end of 2032, as per a
Europe to record significant growth
Europe flexible plastic packaging market is projected to showcase robust expansion between 2023 and 2032, owing to the increasing demand for lightweight, cost-effective, and sustainable packaging solutions. The presence of a strong F&B sector is driving the need for packaging that extends shelf life and ensures product safety. The rise in e-commerce is driving the demand for protective and efficient packaging. Significant advancements in recycling technologies and the growing environmental awareness are further spurring the adoption of recyclable and biodegradable flexible plastics across the regional sectors.
Flexible Plastic Packaging Market Participants
Some of the leading firms operating in the flexible plastic packaging industry include Amcor Limited, American Packaging Corporation, AR Packaging Group AB, Bemis Company, Inc., Berry Global Group Inc., Bischof + Klein SE & Co. KG, and CCL Industries Inc. These market players are coming up with new products to cater to the rising end-user and consumer demands. For instance, in April 2024, Amcor and Kimberly Clark launched Eco Protect diaper packaging in Peru, featuring 30% recycled materials. These bags, made with post-consumer recycled content, offer a sustainable packaging solution for hypoallergenic diapers crafted from certified, plant-based fibers.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
