Flexible packaging market to reach $99.10 billion in 2019
A New Report Published by Transparency Market Research, "Flexible Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019," states that the 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. Calculating, in terms of volume, the demand was 18,666.0 kilo tons in 2012, and is expected to be 24,728.7 kilo tons in 2019, growing at a CAGR of 4.1% from 2013 to 2019.
The flexible packaging market is a vast and a mature sector in terms of various stake holders such as processors, packaging manufacturers, raw material suppliers, and end-user industries which includes personal care products, manufacturers of food & beverages, and pharmaceuticals. Some of the key materials used in flexible packaging market include polypropylene, polyethylene, paper, polyamide, aluminum, PVC, and so on. It is due to such durable, light weight, and highly aesthetic flexible packaging materials, the market for consumer preferences is rising and is expected to significantly boost the growth of the market over the next coming years.