COVID-19 Impacts: Flexible Packaging Market Will Accelerate at a CAGR of almost 6% through 2020-2024 | Focus on Improving the Shelf Life of Products to Boost Growth | Technavio

Technavio has been monitoring the flexible packaging market and it is poised to grow by USD 59.22 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What was the value of the flexible packaging market in 2019?

• Technavio says that the value of the market was at USD 177.87 billion in 2019 and it is projected to reach USD 237.09 billion by 2024.

• At what rate is the market projected to grow during the forecast period 2020-2024?

• Growing at a CAGR of almost 6%, the market growth will accelerate during the forecast period.

• What is the key factor driving the market?

• Focus on improving the shelf life of products is one of the key factors driving the market growth.

• Who are the top players in the market?

• Amcor Plc, Berry Global Group Inc., CCL Industries Inc., DS Smith Plc, Huhtamäki Oyj, Mondi Group, ProAmpac Intermediate Inc., Reynolds Group Holdings Ltd., Sonoco Products Co., and UFlex Ltd. are some of the major market participants.

• Which region is expected to hold the highest market share?

• APAC

• What is the year-over-year growth rate of the global market?

• The year-over-year growth rate for 2020 is estimated at 4.99%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amcor Plc, Berry Global Group Inc., CCL Industries Inc., DS Smith Plc, Huhtamäki Oyj, Mondi Group, ProAmpac Intermediate Inc., Reynolds Group Holdings Ltd., Sonoco Products Co., and UFlex Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Focus on improving the shelf life of products has been instrumental in driving the growth of the market.

Flexible Packaging Market 2020-2024: Segmentation

Flexible Packaging Market is segmented as below:

• Product
  • Pouches
  • Bags
  • Films and Wraps
  • Others
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • MEA
• End-user
  • Food and Beverage
  • Healthcare
  • Others

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43633

Flexible Packaging Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our flexible packaging market report covers the following areas:

• Flexible Packaging Market size
• Flexible Packaging Market trends
• Flexible Packaging Market analysis

This study identifies the continuous development of new products as one of the prime reasons driving the flexible packaging market growth during the next few years.

Flexible Packaging Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the flexible packaging market, including some of the vendors such as Amcor Plc, Berry Global Group Inc., CCL Industries Inc., DS Smith Plc, Huhtamäki Oyj, Mondi Group, ProAmpac Intermediate Inc., Reynolds Group Holdings Ltd., Sonoco Products Co., and UFlex Ltd. Backed with competitive intelligence and benchmarking, our research reports on the flexible packaging market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Flexible Packaging Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist flexible packaging market growth during the next five years
• Estimation of the flexible packaging market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the flexible packaging market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of flexible packaging market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Pouches - Market size and forecast 2019-2024
• Bags - Market size and forecast 2019-2024
• Films and wraps - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Food and beverage - Market size and forecast 2019-2024
• Healthcare - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Amcor Plc
• Berry Global Group Inc.
• CCL Industries Inc.
• DS Smith Plc
• Huhtamäki Oyj
• Mondi Group
• ProAmpac Intermediate Inc.
• Reynolds Group Holdings Ltd.
• Sonoco Products Co.
• UFlex Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.