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LONDON--(BUSINESS WIRE)--Technavio estimates the global flexible plastic packaging market to grow by USD 34.02 billion, progressing at a CAGR of over 4% during the forecast period. 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 the need for improving shelf life of products. However, the high cost involved in the manufacture of flexible plastic packaging might challenge growth. Get a Free Sample Report Delivered Instantly to Know More Flexible Plastic Packaging Market: Product Landscape Based on the product, the market saw maximum growth in the pouches segment in 2019. The segment is driven by the enhanced visual appeal of pouch packaging and the extensive use of pouches for the packaging of dry foods, candies, confectioneries, agriculture products, and liquids. The market growth in the segment will be significant over the forecast period. Flexible Plastic Packaging Market: Geography Landscape 49% of the markets growth originated from APAC in 2019. The rapid expansion of end-user industries, such as e-commerce, fast-moving consumer goods (FMCG) is the major factor fueling the growth of the flexible plastic packaging market in APAC. China and India are the key markets for flexible plastic packaging solutions in APAC. Market growth in this region will be faster than the growth of the market in other regions. Develop Smart Strategies for Your Business: Get a Free Sample Report Now! Major Three Flexible Plastic Packaging Market Vendors: Amcor Plc Amcor Plc operates its business through the Flexibles and Rigid Packaging segments. The company offers flexible plastic packagings under the brands Vento, AmLite Ultra, Charta, AmLite HeatfFlex, and others. Berry Global Group Inc. Berry Global Group Inc. operates its business through segments such as Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene & Specialties. The company offers flexible plastic packaging under the brands Rigid Lens, Fortitude, WinLock, Clear-seal, SteamQuick, Cutterbox, and others. CCL Industries Inc. CCL Industries Inc. operates its business through segments such as CCL, Avery, Checkpoint, and Innovia. The company offers flexible plastic packaging solutions for various end-user industries, including home and personal care, premium food and beverage, healthcare and specialty, and others. Give Your Business a Head Start for 2021: Download Our Free Sample Report Related Reports on Materials Include: Global PET Packaging Market Global PET packaging market is segmented by end-user (beverages, household goods, food, and pharmaceutical) and geography (APAC, Europe, MEA, North America, and South America). Get a free sample report to know more Global Modified Atmosphere Packaging Market Global modified atmosphere packaging market is segmented by material (ethylene vinyl alcohol, polyethylene, polyethylene terephthalate, polyamide, and others), geography (North America, Europe, APAC, MEA, and South America), and application (bakery and confectionary, poultry, seafood, and meat products, fruits and vegetables, and others). Get a free sample report to know more Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Subscribe to World-Class Market Intelligence and gain instant access to 17,000+ market research reports and connect with expert analysts What our reports offer: About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Global Flexible Plastic Packaging Market to Grow by $34.02 Billion During 2020-2024 | Featuring Amcor Plc, Berry Global Group Inc., and CCL Industries Inc. among others | Technavio