Flexible Plastic Packaging Market Size Overview
Flexible plastic packaging involves various types of plastic materials used for the packaging of different products. The type of material to be used in packaging depends upon the application and the type of product to be packaged.

Key Players
The Main players in the market of global flexible plastic packaging are

• Amcor Limited(Victoria)
• Constantia Flexibles Group GmbH (Austria)
• Mondi Group (Johannesburg)
• Sealed Air Corporation (North Carolina)
• Sonoco Products Company (U.S.)
• Coveris Holdings S.A. (U.S.)
• Huhtamaki Group (Finland)
• Bemis Company Inc. (U.S.)
• Ampac Holdings LLC (U.S.).

Industry Updates
In September 2018, Amcor has announced that it will invest more than $25 Mn to expand and upgrade an existing facility in Madison, Wisconsin.
In September 2018, Mondi and Werner & Mertz have announced that they will be introducing new, patented fully recyclable pouches with detachable decorative panels in the year 2019.

Segmentation
The global Flexible Plastic Packaging Market Size has been segmented on the basis of type, printing technology and application. Based on type, the Flexible Plastic Packaging Market Size has been segmented into stand-up pouches, flat pouches, gusseted, bags and others. The stand-up pouches segment is anticipated to account for the largest market share during the forecast period due to growing consumption of dairy products, cosmetics, food & beverages and personal care products that are usually packed using flexible plastic packaging.

Regional Analysis
Asia Pacific dominates the global flexible packaging market with the largest market share. It comprises countries such as China, India, and Japan, which lead in in the export of goods to various parts of the world. Moreover, increase in consumer income has led to a growth in demand for good-quality packaged food. Also, the rise in population in many countries, has led to an increase in food & beverage consumption, which ultimately increases the demand for flexible packaging products. The increasing exports from these countries is leading to the growth of the flexible packaging market.

Plastic packaging market expansion will continue to profit from the drive to replace traditional materials such as glass and metal, with lighter-weight, more cost-effective and higher performance plastic materials in various markets. Flexible plastic packaging is cheap, visually appealing and chemically inert. These features increase their demand in products that are used in packaging, and are made in a wide variety of innovative shapes, sizes and appearances.

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