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Food and beverage is one of the most prominent sector partaking in the flexible packaging market. It accounted for more than 50% of the total volume in 2015 and is projected to exhibit a substantial growth in the years to come. Upgraded living standards along with shifting consumer preference toward hygiene and food safety are positively influencing the flexible packaging industry share in this sector.
Driven by the increase in disposable incomes fueled by various supporting government regulations, health care application is poised to witness the highest growth over the coming seven years.
Flexible Packaging Market will grow lucratively over the coming seven years owing to the surging demand from various end-use sectors such as food and beverage, healthcare, personal care, and industrial. Shifting trends toward convenient packing are influencing the manufacturers to adopt the flexible packaging techniques, driven by its lightweight characteristic.
As per a report by Global Market Insights, Inc., “Flexible Packaging Market worth over USD 150 billion in 2015, is anticipated to grow at a CAGR of more than 5% over the period 2016–2024.” Favorable characteristics like user-friendliness, easy storage, lesser consumption of raw materials, and excellent moisture resistance properties will further trigger the industry demand.


KeyWords Tag：flexible packaging products