Worldwide Flexible Packaging Paper Industry to 2027
August 15, 2020The “Flexible Packaging Paper – Global Market Outlook (2019-2027)” report has been added to ResearchAndMarkets.com’s offering.
The Global Flexible Packaging Paper is expected to grow at a CAGR of 6.0% during the forecast period. Increasing adoption of ecofriendly packaging products by consumers and rising use of packaging formats as branding tool are the major factors driving market growth. However, impact of covid-19 is restraining market growth.
Flexible Packaging Paper is widely utilized for packaging. They are utilized in shopping bags, food wrappers and tea envelopes to cigarette soft packs, inner liners and tobacco pockets. These paper grades are recyclable and accessible as FSC and PEFC certified.
Based on packaging type, the bags & sacks segment is likely to have a huge demand because of its utilization in the packaging of food grains, bakery & confectionery, and consumer goods has resulted into high demand for bags & sacks all over the world. By geography, Asia Pacific is going to have a lucrative growth during the forecast period as China and India have seen a shift in demand from plastic to paper due to strict norms for usage of plastic.
Some of the key players profiled in the Flexible Packaging Paper Market include BillerudKorsnas AB, Canadian Kraft Paper Ltd, DS Smith PLC, Emami Paper Mills Ltd, Gordon Paper Company Inc, Gulf Paper Manufacturing Company, International Paper Company, JK PAPER Ltd, KRPA Holding CZ a.s., McNairn Packaging, Mondi Group, Nippon Paper Industries Co Ltd, Nordic Paper AS, PG Paper Company, Pudumjee Paper Products Ltd , Rengo Co Ltd, Sappi Limited , Smurfit Kappa Group PLC, Stora Enso Oyj and WestRock Company.
