According to the information provided, the multilayer flexible packaging market is projected to surpass rigid packaging and reach a value of US$210 billion between 2022 and 2029, with an anticipated CAGR of 3.5%. Multilayer flexible packaging is gaining popularity globally due to its advantages such as cost-effectiveness, durability, and lightweight nature. This market analysis covers various types of flexible packaging, including bags, pouches & sachets, wrapping films, laminates, and others.
Multilayer flexible packaging offers significant material savings, using approximately 70% less material during production compared to rigid packaging. Aluminum foil and metalized plastic sheets are increasingly being used in the production of flexible packaging bags and pouches. The growing demand for packaged food and beverages is expected to be a key driver for the substantial growth of the multilayer flexible packaging market during the forecast period.
The report on the multilayer flexible packaging market includes an analysis of market drivers, constraints, and opportunities that are likely to impact the industry’s growth. It also provides a competition analysis, detailing the market shares of major competitors. The report aims to provide stakeholders such as suppliers, manufacturers, and investors with valuable insights and enable them to make informed decisions. It covers the global multilayer flexible packaging industry comprehensively, discussing growth prospects, major trends, and challenges.
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Key Takeaways of Multilayer Flexible Packaging Market Study
- In terms of value, the pouches & sachets segment is expected to account for maximum market share in the global multilayer flexible packaging market during 2019-2029, attributable to the rising demand for small-sized sachets & pouches for the packaging of a variety of food products.
- By layer structure, the 5 layer segment is anticipated to grow 1.2X by the end of 2023.
- The plastic material segment is expected to create total incremental revenue opportunity of US$ 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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