According to Transparency Market Research, the global demand for flexible packaging market will reach to $99.1 billion worth in 2019. During the 2013-2019 year, the market value will rise by 4.4 percent compound of annual growth rate.
On the market, the 2012 global flexible packaging demand fell to 73.56 billion. The report also estimate the value from the perspective of the market, noting the demand in 2019 will rise to 24.728.7 kt from 18,666.0, and the CAGR will be rise b4.1%.
Convenience of plastic for packaging provides is unsurpassed, making it become the dominant material in the packaging market (in 2012 accounted for 70% market share). However, over the next five years, due to environmental awareness, the market will shift to support the cellulose-based flexible packaging. Research and development in this field is constantly advancing, nanotechnology is likely to bring a breakthrough in the development of the global flexible packaging market.
Pharmaceutical flexible packaging market will need to pay close to the area because the new temper-proof packaging requirements brought new opportunities. The report also pointed out that until 2020, the Asia-Pacific region will be the fastest growing region.
Nature of packaging is to protect the quality of products, but also to prevent chemical reactions endanger the health of consumers. On the use of packaging products for t e global flexible packaging consumption increased market provides a strong customer base. Therefore, an effective and appropriate packaging for each product concerned is necessary.
In the flexible packaging market, there is an important material used in PE, PP, BOPET, EVOH, PA, paper, aluminum, cellulose and PVC. These raw material are processed into a film, and then further processed into bags, pouches and bags for packaging products.
The food industry is the market leader in flexible packaging industry and the pharmaceutical industry while also provide a guarantee for the healthy and rapid development of this market. Asia-Pacific region accounted for the highest market share is expected to rise 7.1% in 2019 will be an annual compound growth rate.
Europe CAGR of 3.9%, mainly driven Eastern European market. Four countries flexible packaging market is the most promising development in India, China, Russia and Brazil.