PUBLISHER: TechNavio | PRODUCT CODE: 1603698
PUBLISHER: TechNavio | PRODUCT CODE: 1603698
Converted Flexible Packaging Market 2024-2028
The converted flexible packaging market is forecasted to grow by USD 14 mn during 2023-2028, accelerating at a CAGR of 2.5% during the forecast period. The report on the converted flexible packaging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by shift from rigid packaging to converted flexible packaging, increasing consumer preference for packaged food, and growing retail industry.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 2.4% |
CAGR | 2.5% |
Incremental Value | $14 mn |
Technavio's converted flexible packaging market is segmented as below:
By Product
By Geographical Landscape
This study identifies the advanced recycling technologies and government initiatives to reduce packaging waste as one of the prime reasons driving the converted flexible packaging market growth during the next few years. Also, use of nanotechnology in food packaging and rising demand for single-serve and multi-packs will lead to sizable demand in the market.
The report on the converted flexible packaging market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading converted flexible packaging market vendors that include Amcor Plc, American Packaging Corp., Berry Global Inc., Bischof Klein SE and Co. KG, Bryce Corp., Clondalkin Group Holdings BV, Constantia Flexibles Group GmbH, Coveris Management GmbH, Graphic Packaging Holding Co., Huhtamaki Oyj, Koehler Paper SE, LLFlex, Mondi Plc, Printpack Inc., ProAmpac Holdings Inc., Sappi Ltd., Sealed Air Corp., Sonoco Products Co., Transcontinental Inc., and Wipak Group. Also, the converted flexible packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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