Flexible Plastic Pouches Market Forecasts to 2028 – Global Analysis By Material (Polyamide, Polyvinyl Chloride (PVC), Polyethylene (PE)), Type (Flat Pouches, Stand-up Pouches), and By Geography
According to Stratistics MRC, the Global Flexible Plastic Pouches Market is accounted for $50.42 billion in 2020 and is expected to reach $96.84 billion by 2028 growing at a CAGR of 8.5% during the forecast period. An upsurge in demand for packaged food and growing health consciousness is driving the market growth. However, strict guidelines concerning flexible plastic packaging are hampering the growth of the market.
Flexible plastic pouches are one-time-use bags generally prepared of paper, metal foil, and plastic. They are used for packaging the whole thing from snack foods to industrial liquids and are usually found on supermarket shelves worldwide. These are extensively used in food packaging since several of them are environmentally friendly, resalable, and cheaper than alternatives. These play a dynamic role in keeping the product, damage-proof, fresh and acts as an excellent marketing tool.
Based on the material, the polyethylene (PE) segment is going to have lucrative growth during the forecast period. Polyethylene is the necessary material for numerous end-use applications. It is also in good opposition to almost all types of chemicals, including most organic materials, alkalis, and strong acid, and its high melting point makes it a higher material for boilable packages and sterilizable products.
By geography, Asia Pacific is going to have high growth during the forecast period. Progress of the market in this province can be accredited to the upsurge in disposable income of people and the rising middle-class population. The food and beverages industry in this province is also enduring foremost developments.
Some of the key players profiled in the Flexible Plastic Pouches Market include Amcor PLC, Berry Global Inc, Clondalkin Group, Daklapack Europe B.V., Gualapack S.P.A., Huhtamaki, Korozo Ambalaj San. Ve Tic. A.S., Mondi Group, Novolex, Printpack, Sealed Air Corp, Smurfit Kappa, Sonoco Products Company, Uflex Limited, Wipf Holding Ag.
• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Ethylene vinyl alcohol (EVOH)
• Flat Pouches
• Stand-up Pouches
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
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