Converted Flexible Packaging Market to grow by USD 21.73 mn

January 6, 2022 Off By Sebastian Reisig

The “Converted Flexible Packaging Market by Product (Pouches, Bags, and Others) and Geography (APAC, Europe, North America, South America, and MEA) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

47% of the market’s growth will originate from APAC during the forecast period. China is the key market for converted flexible packaging market in APAC. Market growth in this region will be faster than the growth of the market in the rest of the regions. The fast expansion of the end-user industry such as personal care, e-commerce, and fast-moving consumer goods in developing countries will facilitate the converted flexible packaging market growth in APAC over the forecast period

The potential growth difference for the converted flexible packaging market between 2021 and 2026 is USD 21.73  million.

The shift from rigid packaging to converted flexible packaging and increasing consumer preference for packaged food are some of the key market drivers. However, factors such as stringent regulations on the manufacture of converted flexible packaging will challenge market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The converted flexible packaging market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.

The converted flexible packaging market share growth by the pouches segment will be significant for revenue generation. Pouches have a strong visual impact on consumers, hence they are used in the packaging of agriculture products, dry foods, liquids, and candies. The different sizes of pouches seal thoroughly and ensure the products are not affected by dirt, moisture, or bacteria. The global converted flexible packaging market has been benefitted from the innovation of resealable pouches. This technology enables the consumers to close the package properly and snack from the same pouch repeatedly. The rise in packaged food and beverages production and consumption is anticipated to fuel up the manufacturing of pouches segment during the forecast period.