Flexible Packaging Market Share, Size, Trends and Growth to 2020

Technavio Announces the Publication of its Research Report Global Flexible Packaging Market for Food and Beverages (F&B) 2016-2020

Technavio recognizes the following companies as the key players in the global flexible packaging market for food and beverages (F&B): Amcor, Ampac, Clondalkin, Constantia Flexibles, Innovia Films, Mondi, and Printpack.

Other Prominent Vendors in the market are: Bemis, Glenroy, Huhtamaki, Sealed Air, Sonoco, Westrock, and Wipack.

Browse full report with TOC@ https://marketreportscenter.com/reports/388364/global-flexible-packaging-market-for-food-and-beverages-2016-2020

Commenting on the report, an analyst from Technavios team said: Rising demand for packaged food will be a key trend for market growth. Changing lifestyles, improving economic conditions and the rise in disposable incomes are driving the demand for packaged foods in many countries. The rise in the demand for packaged food among consumers across developed and developing countries has propelled the demand for flexible packaging products. The demand for packaged food and processed food is increasing. This is attributable to the improvement of economic conditions in many developed countries and the rise in disposable incomes in developing countries, such as India, China, and Saudi Arabia.”

According to the report, demand for stand-up pouches will be a key driver for market growth. Stand-up pouches are preferred by both vendors and consumers. From the vendor's perspective, it is easy to manufacture as lesser quantities plastics are used. From the consumer's perspective, they are easy to handle and carry and are available in various designs.

Further, the report states that high penetration of rigid packaging will be a major challenge for the market. By volume, rigid packaging accounts for a share of 52% in the global plastic packaging market; whereas, flexible packaging accounts for a share of 43%. The ability to retain its shape and high awareness among...