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The annual growth rate of the global flexible packaging market reaches 5%

by:Supouches Packaging     2022-01-16
According to statistics, the global flexible packaging market value will rise from US$73,825,300 in 2013 to US$99,621,900 in 2018, with a compound annual growth rate of 5.1% during the period.  In terms of sales revenue, the Asia-Pacific region ranks first in the global market, followed by Europe and North America. The flexible packaging market is a mature market segment, and its stakeholders include raw material suppliers, processors, packaging manufacturers, and food, beverage, personal care, and pharmaceutical manufacturers.  Packaging plays an indispensable role in protecting the quality of products, and it can also prevent chemical reactions in food, which will affect consumers' health. The increase in consumption of packaged products provides a strong customer base for the global flexible packaging market. Therefore, an efficient and suitable packaging is very important for every product.   PE, PP, BOPET, EVOH, PA, paper, aluminum, cellulose plastic and PVC are all important raw materials in the flexible packaging market. After these raw materials are processed into films, they are further made into various small bags and sachets for packaging products.   The food industry dominates the flexible packaging market, and the pharmaceutical industry ensures the healthy and rapid development of the flexible packaging market. The Asia-Pacific region has the highest market share and is expected to have a compound annual growth rate of 7.1% during 2013-2018.   Driven by the Eastern European market, the compound annual growth rate of the European region will reach 3.9%.   India, China, Russia and Brazil are the four countries with the most potential for the development of the flexible packaging market.  Pharmaceutical packaging will be the fastest growing market, and its growth rate will reach 7.1% in 5 years. In 2013, the market growth rate of food packaging was second only to that of pharmaceutical packaging because consumers increased their purchases of packaged food.
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