Rise in demand from the food & beverage industries, surge in e-commerce sales, and cost-effective and increased product shelf life drive the growth of the global flexible packaging market. The market across Asia-Pacific dominated in 2020, accounting for nearly two-fifths of the market. On the other hand, rise in public awareness regarding health issues and increase in sterilizing solutions would open new opportunities.
Allied Market Research published a report, titled, “Flexible Packaging Market by Material (Paperboard, Plastic, and Aluminum Foil), Packaging Type (stand-up Pouch, Films, and Bag-in-Box), and End-Use Industry (Food & Beverage, Personal Care, Pharmaceutical, Household Care, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030” According to the report, the global flexible packaging industry was estimated at $182.3 billion in 2020, and is anticipated to hit $325.6 billion by 2030, registering a CAGR of 6.2% from 2021 to 2030.
To know about the assumptions considered for the study download the pdf brochure: https://www.alliedmarketresearch.com/request-sample/7008
COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The flexible foam market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the flexible foam market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the flexible foam market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The plastic segment contributed to more than one-third of the global flexible packaging market share in 2020, and is anticipated to rule the roost by 2030, due to its low cost and various features leading to overall increase in the product shelf life. The paperboard segment, on the other hand, would register the fastest CAGR of 6.8% throughout the forecast period.
Planning to lay down future strategy? Speak with an Analyst to learn more: https://www.alliedmarketresearch.com/connect-to-analyst/7008
Some ruling enterprises in the global flexible foam market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global flexible foam industry include Berry Global Inc., FlexPak Services LLC, Amcor Plc, Sealed Air Corporation, Mondi Group, Transcontinental Inc., Constantia Flexibles, Huhtamaki, Coveris Holding SA, and Sonoco.
The global flexible packaging market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2020, accounting for nearly two-fifths of the market. However, North America is estimated to portray the highest CAGR of 8.2% during the forecast period.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the flexible foam market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the flexible foam market
- Post-sales support and free customization
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/flexible-foam-market/purchase-options
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web:https://www.alliedmarketresearch.com