The global flexible-packaging converting market reached a value of $119.3 Billion in 2020, says a new Research & Markets report.
Catalyzed by advancements in packaging technology, global demand for flexible-packaging materials is exhibiting strong growth. Moreover, the popularity of flexible packaging among consumers has also increased as it is a cost-effective alternative for storage issues, minimizes product waste along with keeping foods safe and healthy.
The pharmaceuticals and nutraceuticals industry has also been driving demand for flexible packaging as it provides such industries with a sustainable and recyclable alternative that is based on polymers. Other factors that are currently driving the market include customizing ability, safety assurance, reusability, transparency, reliability, etc.
Companies mentioned in the report include Amcor, Bemis Co., Berry Global, Mondi, Sealed Air, Aluflexpack novi, Bak Ambalaj Sanayi, Constantia Flexibles, Clondalkin Group, Danaflex, DS Smith, Glenroy, Huhtamäki, Printpack and ProAmpac.
More info: Flexible Packaging Market: Global Industry Trends and Forecast 2021-2026
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