The plastic flexible packaging market has good prospects and sales continue to grow according to F&S forecast analysis, from 2019 to 2023, the worldwide color printing packaging bag
sales market will generate revenue of 172.29 million US dollars, with a stable compound growth rate (CAGR) of 3.2% during this period. Chemicals, raw materials and nutrients* Scientific research investment analyst Prateeksha Kaul said that because of current regulatory, customer and consumption and environmental pressures, manufacturers have shifted their development strategies to circular systems and used new plastics technologies to develop Design recyclable and sustainable solutions that incorporate special properties such as oxygen, moisture, light, puncture and chemical resistance, and easy tearing. Kaul emphasized that further areas of focus for producers include developing solutions designed to replace bioplastics, such as polybutylene succinate and biopolypropylene. However, market competitive factors such as price and handling of bioplastics will need to be checked to ensure smooth application. From a geographic perspective, the Asia region is expected to witness high growth rates during the forecast analysis period due to an increase in the number of dual-income households. While North America is experiencing exploratory market competition from emerging economies and will experience average growth, European regulations on the recyclability and sustainability of packaging plastics are expected to impact the region. From a competitor's point of view, supply is largely fragmented, with multinationals dominating most geographies; the top five players typically account for less than 30 percent of the market. Other growth opportunities that participants should look at include: expanding work into emerging regions such as Asia, which is expected to see a surge in demand for color-printed packaging due to rising demand for the product in user applications . Introducing products that drive reduced natural resource use, reduced waste generation, increased shelf life, and cost-effectiveness. Increase throughput to meet the growing demand for packaged foods such as ready-to-eat meals, frozen products, and snack foods. END professional custom packaging bag plastic bag/non-woven bag PE/PO/PP/CPE/PPE/OPP/PVC/EVA scan QR code for consultation
Collectively, the effect of flexible packaging on industrial society has been to eliminate flexible packaging solutions
and drastically reduce the time long associated with flexible packaging solutions.
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