Between 2022 and 2029, the multilayer flexible packaging market is anticipated to overtake rigid packaging and reach US$ 210 Bn. 3.5% CAGR is anticipated.
The need for multilayer flexible packaging is growing on a global scale because of its many benefits, including low cost, high durability, and light weight. This market report’s flexible packaging types include bags, pouches & sachets, wrapping films, laminates, and others (liners, stick packs, and more). Compared to rigid packaging, multilayer flexible packaging uses 70% less material during production. Flexible packaging bags and pouches are increasingly being made with aluminium foil and metalized plastic sheets.
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The rising demand for packaged food and beverages is likely to propel the multilayer flexible packaging market to considerable growth during the forecast period. The main market drivers, constraints, and opportunities that are anticipated to affect the industry’s growth are included in the report.
The competition analysis of the market, which offers details on the market shares of the major competitors, is also included in the study. The study gives a thorough overview of the multilayer flexible packaging industry worldwide, outlining its growth prospects, major trends, and difficulties.
The report is aimed at helping stakeholders, including investors, manufacturers, and suppliers, to make well-informed decisions. It provides an in-depth analysis of the market, covering all the important aspects of the industry. The report is available for purchase on our website and is accompanied by a customized research option.
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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.
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Key Players:
- Scientex
- Constantia Flexibles
- Glenroy
- Berry Global Group
- Amcor
- Mondi Group
- Coveris Holdings
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
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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. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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