The Flexible Lid Stock Packaging Industry to Exhibit an Impressive CAGR BY 2022, Finds MRFR

Summary

Global Flexible Lid Stock Packaging Industry Segments, Statistics, High CAGR, Size, Share, Future Scope | Information by Type (Paper, Aluminum Foil, Polymer Films, Others), By Application (Food & Beverages, Chemicals, Personal Care, Health Care, Others) and By Region - Forecast To 2022

Flexible Lid Stock Packaging Industry Insights

Flexible lid stock packaging is a type of flexible packaging made up of material or stock which is used to form a lid. For example, the materials which can be heated and sealed over the open ends of the packages.

One of the key drivers for the growth of Flexible Lid Stock Packaging Industry is the increasing growth of the packaging industry in terms of improved technology and increased automation for the process of packaging. Flexible lid stock packages are made with the help of plastic combined with metal foils and are used to keep the materials sterile over a long period of time, which makes such pouches widely accepted by the people, thereby driving the growth of the market. The changing consumer lifestyle has increased the dependence on packaged food and other materials, which leads to the introduction of various new techniques of flexible packaging, further driving the need and growth in the Flexible Lid Stock Packaging Industry.

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Key Players

The key players of Flexible Lid Stock Packaging Industry are

• Amcor Ltd. (Australia)
• Bemis Company, Inc. (U.S.)
• Berry Plastics Corporation (U.S.)
• Mondi plc. (Austria)
• Sonoco Products Company (U.S.)
• EP Industries Ltd. (Alfreton, England)
• Wipak Germany GmbH (Germany)
• Anchor Packaging Inc. (U.S.)
• Coveris Holdings S.A. (U.S.)
• Sealed Air Corporation (U.S.) and others.

Intended Audience

• Flexible Lid Stock Packaging manufacturers
• Distributer & Supplier companies
• End Users
• consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

Market Segmentation

The global Flexible Lid Stock Packaging Industry report has been analyzed based on types, applications and regions. On the basis of end-use, food & beverage segment has been dominating the market. Changing lifestyles the people globally, are leading to the increase in adoption of the pre-packaged food and beverages, leading to the growth of the Flexible Lid Stock Packaging Industry. The food packaged in flexible lid stock packaging are lighter than other packaging techniques and are preferred more during travel. They are also portable, which ensures the convenience of usage and storage.

Global Flexible Lid Stock Packaging Industry Drivers & Trends

Recently, the trend of consumer’s lifestyle has changed drastically which has created dependency on consuming packaged food and other materials. This has led to the introduction of various new techniques of flexible packaging and hence driving the need and growth in the Flexible Lid Stock Packaging Industry.

With this, other factors such as the upsurge in consumption of convenient packaged food & beverages, personal care products, and pharmaceutical are strongly contributing to the growth of Flexible Lid Stock Packaging Industry. To add it, the increased innovations in flexible lid stock packaging along with its low costing is also adding to the growth of the market. All of these factors are also taking the market to flourish with more opportunities in the next couple of years.

The flexible lid stock packaging has sterile properties as well, which is highly used in keeping or packing medical equipment and devices. This quality and high usage is also propelling the market to grow constantly at a high CAGR.

Regional Analysis

Considering the criterion of geographical split according to MRFR’s reports, the market has covered major areas of North America, Europe, Asia-Pacific, and rest of the world.

Among them, Asia-Pacific is expected to lead with the global Flexible Lid Stock Packaging Industry owing to the increase in disposable income mainly in countries such as India and China. The other factors contributing to the growth of the market are convenient handling of the packages and the rising trend of smaller households which majorly use products stored in small flexible lid stock packages in the region.

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