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Packaging Strategies and Flexible Packaging editorial director Kristin Joker and PMMI’s Jorge Izquierdo discuss the next growth segment for flexible packaging. Part 3 of 6
Flexible packaging accounts for 19 percent of the overall packaging market and is expected to grow at a rate of 3.9 percent CAGR by 2023, according to the 2019 Flexible Packaging Marketing Assessment by PMMI, The Association for Packaging and Processing Technologies.
Necessity for lightweight and easy to carry products will drive the spout liquid pouch packaging market size. Improved consumer experience accompanied by ease in consumption and stain-free properties will support growth.
In this second edition eBook, we focus on the growing segment and what future forecasts predict as bags and pouches replace more of the rigid containers Americans use every day. In this eBook, we tap into some industry experts and association insights to get a picture of the market.
A report from Transparency Market Research 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. There is a lot of growth potential here, as the flexible packaging market spreads across several industries.
