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Asia Pacific to Enable Global Flexible Packaging Market to Expand at 4.4% CAGR till 2019.

Global demand for flexible packaging was valued at USD 73.56 billion in 2012 and is expected to reach USD 99.10 billion in 2019, growing at a CAGR of 4.4% from 2013 to 2019.
Published 24 December 2015
Brief Introduction to Flexible Packaging 
 
Flexible packaging is a package that is made of yielding materials which when filled or closed in a container can be readily changed in shape. Flexible packaging also refers to materials such as paper, foil, plastic, or any other combination of these. This kind of packaging is often used to manufacture different packaging items such as pouches, sachets, bags, envelopes, labels/wraps, shrink sleeves, lidding, and stretch film which are used for all-kinds of purposes. 
 
Flexible Packaging: Product Segmentation  
 
Flexible packaging is highly popular due to its durable, light-weight, and highly aesthetic flexible packaging materials. Plastics, as a material among all the materials, are highly preferred by the consumers due to its durability, cost effectiveness, and high barrier properties. Plastics accounted for over 70% of the market share in 2012, and the growth trend for this market will rise significantly in the next coming years.  
 
However, now-a-days due to the growing awareness for ecology conservation in the industry, the consumer demand for packaging materials in biodegradable form has boosted the demand for cellulose. Cellulosic is the fastest growing material posing great potential growth in the future. It is projected to grow at a CAGR of 8.2% in the given forecast period. Cellulose is extremely environmentally friendly because of its high durability and protection from external environmental physical properties. 
 
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Different research and development activities on flexible packaging technologies exhibit profitable opportunities for nanotechnology in the formation and processing of films and printing. 
 
The flexible packaging market is amongst the most dynamic packaging markets presenting various types of materials and packaging used across several regions in the world. Industry best market reports cover in-depth global analysis of this in terms of value and volume. In addition, the most lucrative end-users in the flexible packaging segment include personal care products, food & beverage, and pharmaceutical industries. 
 
Flexible Packaging: By Applications  
 
According to the market study analysis, healthcare is the most demanding industry for flexible packaging across the globe. Furthermore, the food & beverages market, which is accounted to be the largest application market for flexible packaging is also expected to contribute major growth to the overall market. Demand for flexible packaging was recorded to be the highest from this sector in 2012. Today, food packaging stands to be the major end user segment in terms of value and volume. 
 
Moreover, the polyethylene dominated the flexible packaging market and accounted nearly 32% of the total market share. It is now projected to grow at a high CAGR during the forecast period 2012 to 2019. Owing to major regulations in the pharmaceutical packaging sector such as maintenance of hygiene, reduction of fraudulent drugs in the retail market, and retention of the medicinal properties of the drug, flexible packaging will witness rapid growth in the pharmaceutical segment within the forecast period, and by 2019 its market value will reach USD 11.09 billion globally.
 
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Growth in various Geographic Regions
 
One of the major factors in the expansion of flexible packaging market has been the expanding economy and shift from the traditional packaging materials to the flexible packaging materials. Amongst all the geographic regions, there was rapid economic development seen in the Asia-Pacific regions which accounted for the highest demand in 2012. Nevertheless, it is still expected to be fastest growing region rising at a CAGR of 4.4% from 2013 to 2019. The growth of various industries such as personal care products, food & beverages, and pharmaceuticals among others is majorly seen in the locales of this region. However, other places present in rest of the world (RoW) are expected to witness a rising growth in consumption of packaging due to the economic development in countries such as Brazil.
 
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