Multilayer Flexible Packaging Market is Expected to Reach US$ 210 Bn by 2029, Expanding at a CAGR of 3.5%.


Market Insights on Multilayer Flexible Packaging covering sales outlook, demand forecast & up-to-date key trends

High-Quality_Vacuum_Leak_Test

Cost-effectiveness, durability, and lightweight are several advantages responsible for boosting the demand for multilayer flexible packaging, worldwide. The scope of this market study includes multiple flexible packaging solutions such as bags, pouches & sachets, wrapping films, laminates, and others (liners, stick packs, and more). Manufacturing of multilayer flexible packaging products requires 70% less material when compared to rigid packaging products. Aluminum foil and metalized plastic films are also gaining significant traction for the manufacturing of bags and pouches for flexible packaging.

The global multilayer flexible packaging market is set to progress at a CAGR of around 4% over the period of forecast, and reach a valuation of nearly US$ 350 Bn by 2029.

Get Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-9718

“Shift from rigid packaging to flexible packaging is the leading trend in the global packaging industry. Changing packaging needs enable brand owners to enjoy high profitability margins, owing to reduction in transportation cost and cheaper package cost.

Key Takeaways of Multilayer Flexible Packaging Market Study

  • In terms of value, the pouches & sachets segment is expected to account for maximum market share in the global multilayer flexible packaging market during 2019-2029, attributable to the rising demand for small-sized sachets & pouches for the packaging of a variety of food products.
  • By layer structure, the 5 layer segment is anticipated to grow 1.2X by the end of 2023.
  • The plastic material segment is expected to create total incremental revenue opportunity of US$ 96 Bn by the end of 2029, owing to ease of availability and cost-effectiveness.
  • North America is anticipated to maintain its dominance in the global multilayer flexible packaging market during the forecast period. This growth can be attributed to the presence of well-established market players in the region. East Asia and South Asia are anticipated to be highly lucrative markets, on the back of significant consumption and production of multilayer flexible packaging solutions at cost-effective rates.

Multilayer Flexible Packaging Market Landscape                                          

The global multilayer flexible packaging market is identified as a highly competitive and fragmented market. Unorganized and local players can leverage significant growth opportunities in the global multilayer flexible packaging market. Some of the key players operating in the multilayer flexible packaging market are Sealed Air Corp., Mondi Group Plc, Berry Global Group, Inc., Scientex Berhad, and Uflex Ltd., among others. Key players are focusing on acquisitions and product innovation with the aim of expanding their footprint and customer base across the globe.

  • In November 2019, Constantia developed its first plant Constantia Ecoflex at Ahmedabad, India, for producing sustainable and recyclable flexible packaging.
  • In February 2019, Amcor Limited introduced Genesis, a polyethylene laminate with the look and feel of traditionally-oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company acquired Bemis Company Inc., which is one of the leading manufacturers of multilayer flexible packaging.
  • In June 2019, Sealed Air Corp. acquired MGM’s flexible packaging business. MGM is a privately-held company that is headquartered in Manila, the Philippines. This acquisition will allow the company to expand its food packaging operations in Asia.

Request Advisory @ https://www.futuremarketinsights.com/request-advisory/rep-gb-9718

Key Segments Covered in Multilayer Flexible Packaging Industry Research

Multilayer Flexible Packaging Market by Product

  • Bags
  • Pouches & Sachets
  • Wrapping Films
  • Laminates
  • Others (Liners, Stick Packs, etc.)

Multilayer Flexible Packaging Market by Material

  • Plastic
    • Polypropylene (PP)
  • BOPP
  • CPP
  • OPP
    • Polyethylene (PE)
      • LDPE
      • LLDPE
      • HDPE
    • Polyethylene Terephthalate
    • Polyvinylidene Chloride (PVDC)
    • Ethylene Vinyl Alcohol (EVOH)
    • Ethylene Vinyl Acetate (EVA)
    • Polyvinyl Chloride (PVC)
    • Polyamide (PA)
  • Paper
  • Aluminium Foil

Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-9718

Multilayer Flexible Packaging Market by Layer Structure

  • 3 Layers
  • 5 Layers
  • 7 Layers
  • More than 7 Layers

Multilayer Flexible Packaging Market by End-use

  • Food
    • Meat, Poultry, and Seafood
    • Bakery & Confectionery
    • Snacks
    • Dairy
    • Pet Food
    • Baby Food
    • Other Food Products
  • Beverages
  • Pharmaceuticals
  • Automotive
  • Cosmetics and Personal Care
  • Homecare
  • Electricals & Electronics
  • Agriculture & Allied Industries
  • Textiles & Apparels

About Future Market Insights

About Us Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.

Contact Information

Future Market Insights

Contact: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705
Future Market Insights Inc.
10007
United States
Phone : T: +1-845-579-5705
View website

Published in

Business , News

Published on

Aug 09, 2022

Social Links