Flexible Packaging Market to Reach US$99.10 billion in 2019

Aided by escalating demand from Asia Pacific and rest of the world, the global flexible packaging market is anticipated to reach $ 99.1 billion by 2019, according to a new Transparency Market Research (TAM) report. Based on volume, the demand for flexible packaging is expected to reach 24,728 kilo tonnes (KT) by 2019 from 18,666 KT in 2012.

In the last couple of years, flexible packaging has led the food packaging industry from the forefront. Touted by leading analysts to be the fastest growing segment in the packaging industry, flexible packaging is poised to develop at a steady 4.4 percent CAGR, added the report.

The report has identified Asia Pacific as the most lucrative regional market for flexible packaging. Other key regional segments of the global flexible packaging market include Europe, North America, and rest of the world.

The flexible packaging market is aided by the continuously increasing demand from end-use industries such as personal care, healthcare, pharmaceuticals, and food and beverages. According to the report, the healthcare industry accounts for the maximum demand from the flexible packaging market in the last couple of years. Furthermore, the food and beverages industry will significantly contribute to the expansion of the market in the foreseeable future. Initiatives adopted by the pharmaceutical industry for the maintenance of hygiene and retention of medical properties in drugs will give an incredible thrust to the flexible packaging market in the pharmaceutical industry, which is expected to reach $11.09 billion in 2019, as per the TAM study.

The key materials used in flexible packaging, such as PVC, paper, aluminium, polyamide, polypropylene, and polyethylene, makes it durable and lightweight. It is due to such aesthetic packaging materials that flexible packaging has created a niche market, which is helped massively by steadily rising consumer demand. Owing to durability and cost-effectiveness, the use of plastics has been dominant in the flexible packaging industry.
Source: CSO

GualaPack Group strenghens its presence in China

The GualapackGroup has successfully completed the acquisition of substantially higher stakes in two Chinese flexible packaging companies: Guangzhou Secure Packaging Co., Ltd. in Guangdong and Secure HY Packaging Co., Ltd., in Jiangsu.

With this move the Group strengthens its pouch manufacturing and laminates production capacities as a complete provider on the Chinese, Far East Asian & Pacific markets, in collaboration with its longstanding Japanese partner Hosokawa Yoko Co., Ltd.

The reinforced production network will offer new business development opportunities in the region, as well as a future-oriented product portfolio in attractive segments other than for the food, cosmetic and pharmaceutical markets to our customers.

The GualapackGroup is the world leader of spouted pouches and filling machinery and a key global player of the flexible packaging industry. To date, it operates with direct manufacturing sites in Europe (4), Commonwealth of Independent States (CIS, 1), Latin America (1) and through joint ventures in the USA (1) and the Far East (2).

Source: World Press Online

New Markets Drive Global Flexible Demand

A new study released by PCI Films Consulting states 15 emerging flexible packaging markets currently account for 20% of global demand, growing twice as fast in the past five years.

PCI’s report, Opportunities in Emerging Flexible Packaging Markets in 2019, is an in-depth analysis of potential markets in Poland, Russia, Turkey, Argentina, Brazil, Chile, Colombia, India, Indonesia, Kazakhstan, Myanmar, Pakistan, Thailand, Vietnam, and Nigeria. Each country profile supplies details on substrate suppliers, converters, investors and purchasers with an in-depth analysis of these important markets.

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Source:Packaging Today

Global flexible packaging market to grow at CAGR of 4.4% till 2019

By value, the global demand for flexible packaging in 2012 was pegged at US$73.56 billion. By 2019, market will be valued at US $99.10 billion, registering a 4.4% CAGR from 2013 through 2019, as per Transparency Market Research. The report also estimates the market in terms of value, stating that the demand will go from 18,666.0 kilo tons in 2012 to 24,728.7 kilo tons in 2019, charting a CAGR of 4.1% through 2019.

The convenience offered by plastics in packaging is unparalleled, making it the dominant segment in the market (70% market share as of 2012). However, the market is beginning to turn in favor of cellulose-based flexible packaging over the next five years, as environmental consciousness heightens. Nanotechnology could potentially create path-breaking developments in the global flexible packaging market as intensive R&D activities are being reported in this domain. Flexible packaging for the pharmaceuticals market will be an area to watch out for as new tamper-proof packaging mandates have opened up opportunities here. The report also states that the Asia Pacific region will present the highest scope for growth through 2020.

Source: Plastic News