Flexible packaging market global report 2017-2022

Flexible plastic packaging expected to witness strong growth

flexible packaging
flexible packaging

According to the latest report published by Research Report Insights, the worldwide flexible packaging market is anticipated to record a CAGR of 6.7% throughout the projected period of 2017-2022. The overall market is also expected to account for a market value of approximately US$ 202 billion through the end of the projected the year 2022.

Whilst one of the quickest developing segments of the packaging business, flexible packaging blends the best characteristics of plastic to get a wide array of protective properties while utilizing at least material. Flexible packaging is characterized as any package or any piece of a package whose shape can be promptly changed to the form of a sachet and pouch, bag, film and overwrap, tube, or liner.

Flexible packages are utilized in industrial usage, to safeguard, market and disperse an immense range of products as well as for customers and institutional products. It utilizes fewer raw materials to conserve resources, is lightweight yet firm enough to hold a big measure of products and is light to carry.

Directing the path in packaging improvement, flexible packaging adds marketability and value to the products. From securing extended shelf life and food safety to offering even barrier protection, heating, resealability, ease of use and outstanding printability, the industry is likely to continue to boost at an unprecedented pace in the coming years.

Flexible plastic packaging results in a lesser amount of consumer waste as it utilizes less energy in production and transportation, and renders smaller measures of greenhouse gases on its direction to the market. Made from BOPP, BOPET, cast polypropylene, polyethylene, polypropylene, polyamide, ethylene vinyl alcohol, polyvinyl chloride and polystyrene, it also provides dispensing and reclosure alternatives, making it easier to store and transport or carry. Plastic packaging now offers and enables content visibility that creates shelf appeal. It also offers the ineffective product to package ratios. The flexible plastic packagings are broadly used in personal care products, tobacco products, food and beverages, pharmaceuticals, industrial and institutional products.

The worldwide market for flexible plastic packaging is expected to witness a strong growth as a result of a number of drivers influencing it, such as rising demand from the pharmaceutical and food & beverage industry, increase in middle-class population, increasing preference of handling and convenient packaging and growing implementation of plastic flexible packaging. These aspects are fueling the expansion of the global market of flexible plastic packaging.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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