Press release
New TMR Report Explores Impact of COVID-19 Outbreak on Flexible Packaging Market
TMR anticipates that the ASEAN flexible packaging market is expected to witness growth with a CAGR of 5.7% during the forecast period between 2016 and 2024. This growth is primarily attributable to the high adoption of the advanced technologies coupled with robust investment in innovation and product improvement, which benefits market growth. Additionally, a robust increase in population coupled with rising their disposable income, which leads to increase the affordability of the advanced packaging materials. This factor is expected to propel market growth in the coming years and help it grab the value of US$6.71 bn by 2024-end. The market stood at a valuation of US$4.32 bn in 2015.
The flexible packaging market features consolidated vendor landscape owing to the presence of a limited number of international players in the market. The key players in the flexible packaging market include Amcor Limited, Sonoco Products Company, Constantia Flexibles GmbH, Mondi Group, Berry Plastics Group, Inc., and Bemis Company, Inc. Additionally, the new companies are entering in the flexible packaging market, which are continuously investing to explore the market potential. Further, these companies are looking to strengthen their position on the ASEAN flexible packaging market by adopting strategies including capacity expansion, mergers and acquisitions, and introduction of new products.
Get Sample Copy of the Report to understand the structure of the complete report (Including Full TOC, Table & Figures): https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22523
Booming Packaged and Processed Food & Beverages Industry Benefits Market’s Growth
The flexible packaging market is largely gaining traction on the back of robust development of the food and beverages industry in the region. Robust development of the products and flourishing modern retail industry in the ASEAN region are benefiting the flexible packaging market and is likely to be a key factor to drive market growth in the coming years. Packaged and processed food industry in the ASEAN region is booming; thus, the key players in the flexible packaging market are targeting in the industry to boost their sales.
From the regional forefront, the flexible packaging market in Indonesia witnessed high demand than other countries in the region. This is likely due to the high adoption of flexible packaging such as bags, pouches, and films in the region for spill-proof packaging of food and beverages. Additionally, the market in Thailand is standing in the second position. However, the market in Vietnam, Myanmar, and the Philippines are expected to show the most lucrative growths.
Request For Covid19 Impact Analysis Across Industries And Markets – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=22523
Continuous Upgrade of Products May Offer Growth Opportunities in Coming Years
Rising knowledge of benefit and effectiveness of packaging of the snacks and beverages with flexible packaging is boosting demand for bags, rollstocks, pouches, and films. Moreover, the market in the ASEAN region is a benefit due to the rising implication of the several regulations for the safe packaging of food and beverages.
However, the restrictions on most of the materials used for manufacturing flexible packaging due to its non-recyclability, and the lengthy storage capacities of flexible packaging are hampering the growth of the global flexible packaging market. Furthermore, the material used for manufacturing some of the thin films comes under restrictions, which is negatively impacting on its sales and market growth too. Nonetheless, growing adoption of other materials for manufacturing these packaging and continuous upgrade of the products are likely to drive market growth in the coming years by offering robust growth opportunities.
This information is encompassed in the report by TMR, titled, “Flexible Packaging Market (Product Type – Pouches (Stand-up Pouches, Vacuum Pouches, and Retort Pouches), Bags (Gusseted Bags and Wicketed Bags), and Films & Rollstocks; Layer Type – Mono Layer and Multi-layer (Two Layers, Three Layers, Five Layers, and Seven Layers); Material Type – Polyethylene (PE), Polypropylene (PP) (Bi-axially Oriented Polypropylene (BOPP), Copolymer Polypropylene (COPP), and Oriented Polypropylene (OPP)), Nylon, and Polystyrene; End Use – Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Homecare and Toiletries, and Sports Goods) – ASEAN Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
For the study, the flexible packaging market has been segmented as follows:
Product Type
Pouches
Stand-up Pouches
Vacuum Pouches
Retort Pouches
Bags
Gusseted Bags
Wicketed Bags
Films and Rollstocks
Others
Layer Type
Mono Layer
Multi-Layer
Two Layers
Three Layers
Five Layers
Seven Layers
Others
Material Type
Polyethylene (PE)
Polypropylene (PP)
Bi-axially oriented polypropylene (BOPP)
Copolymer Polypropylene (COPP)
Oriented Polypropylene (OPP)
Nylon
Polystyrene
Others
End use
Food and Beverages
Pharmaceuticals
Cosmetics and Personal Care
Homecare and Toiletries
Sports Goods
Others
Region
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Myanmar
Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=22523
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Saudi Arabia Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
The flexible packaging market features consolidated vendor landscape owing to the presence of a limited number of international players in the market. The key players in the flexible packaging market include Amcor Limited, Sonoco Products Company, Constantia Flexibles GmbH, Mondi Group, Berry Plastics Group, Inc., and Bemis Company, Inc. Additionally, the new companies are entering in the flexible packaging market, which are continuously investing to explore the market potential. Further, these companies are looking to strengthen their position on the ASEAN flexible packaging market by adopting strategies including capacity expansion, mergers and acquisitions, and introduction of new products.
Get Sample Copy of the Report to understand the structure of the complete report (Including Full TOC, Table & Figures): https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22523
Booming Packaged and Processed Food & Beverages Industry Benefits Market’s Growth
The flexible packaging market is largely gaining traction on the back of robust development of the food and beverages industry in the region. Robust development of the products and flourishing modern retail industry in the ASEAN region are benefiting the flexible packaging market and is likely to be a key factor to drive market growth in the coming years. Packaged and processed food industry in the ASEAN region is booming; thus, the key players in the flexible packaging market are targeting in the industry to boost their sales.
From the regional forefront, the flexible packaging market in Indonesia witnessed high demand than other countries in the region. This is likely due to the high adoption of flexible packaging such as bags, pouches, and films in the region for spill-proof packaging of food and beverages. Additionally, the market in Thailand is standing in the second position. However, the market in Vietnam, Myanmar, and the Philippines are expected to show the most lucrative growths.
Request For Covid19 Impact Analysis Across Industries And Markets – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=22523
Continuous Upgrade of Products May Offer Growth Opportunities in Coming Years
Rising knowledge of benefit and effectiveness of packaging of the snacks and beverages with flexible packaging is boosting demand for bags, rollstocks, pouches, and films. Moreover, the market in the ASEAN region is a benefit due to the rising implication of the several regulations for the safe packaging of food and beverages.
However, the restrictions on most of the materials used for manufacturing flexible packaging due to its non-recyclability, and the lengthy storage capacities of flexible packaging are hampering the growth of the global flexible packaging market. Furthermore, the material used for manufacturing some of the thin films comes under restrictions, which is negatively impacting on its sales and market growth too. Nonetheless, growing adoption of other materials for manufacturing these packaging and continuous upgrade of the products are likely to drive market growth in the coming years by offering robust growth opportunities.
This information is encompassed in the report by TMR, titled, “Flexible Packaging Market (Product Type – Pouches (Stand-up Pouches, Vacuum Pouches, and Retort Pouches), Bags (Gusseted Bags and Wicketed Bags), and Films & Rollstocks; Layer Type – Mono Layer and Multi-layer (Two Layers, Three Layers, Five Layers, and Seven Layers); Material Type – Polyethylene (PE), Polypropylene (PP) (Bi-axially Oriented Polypropylene (BOPP), Copolymer Polypropylene (COPP), and Oriented Polypropylene (OPP)), Nylon, and Polystyrene; End Use – Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Homecare and Toiletries, and Sports Goods) – ASEAN Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
For the study, the flexible packaging market has been segmented as follows:
Product Type
Pouches
Stand-up Pouches
Vacuum Pouches
Retort Pouches
Bags
Gusseted Bags
Wicketed Bags
Films and Rollstocks
Others
Layer Type
Mono Layer
Multi-Layer
Two Layers
Three Layers
Five Layers
Seven Layers
Others
Material Type
Polyethylene (PE)
Polypropylene (PP)
Bi-axially oriented polypropylene (BOPP)
Copolymer Polypropylene (COPP)
Oriented Polypropylene (OPP)
Nylon
Polystyrene
Others
End use
Food and Beverages
Pharmaceuticals
Cosmetics and Personal Care
Homecare and Toiletries
Sports Goods
Others
Region
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Myanmar
Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=22523
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Saudi Arabia Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
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