Published Date : Jun 07, 2016
ALBANY, NY, June 07, 2016: MarketResearchReports.biz announces the inclusion of a new market research study to its huge database of research reports. The research study, titled “Flexible Packaging Market in Europe 2016-2020,” presents a detailed reports of the market, focusing on the growth prospects and opportunities for the market players. The product segmentation, current trends, and competitive landscape of the flexible packaging market in Europe have also been included in the scope of the research study. As per the research study, the flexible packaging market in Europe is anticipated to register a 6% CAGR between 2016 and 2020.
increasing demand for convenient packaging is considered as one of the major factors projected to augment the growth of the market throughout the forecast period. In addition, the growing demand for small-sized packs is estimated to drive the market in the near future. The manufacturers of packaging products are making constant efforts to adapt their packaging designs in order to suit the diverse requirements of consumers. However, the rising number of players in the market is one of the major concerns for the leading players engaged in this market.
By end use, the flexible packaging market in Europe has been categorized into dairy products, meat products, pet food, confectionery products, pharmaceutical, personal care, fruits and vegetables, and frozen food products. In 2015, the confectionery products segment led the market, holding a 22% share in the flexible packaging market in Europe. This segment is further projected to witness rapid growth owing to the increasing demand for confectionery products, resulting in high demand for flexible packaging in the next few years.
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By raw material, the flexible packaging market in Europe has been classified into aluminum foil, plastic, and paper. In the last few years, the plastic segment dominated the market and is projected to reach around US$21 bn by 2020. The rapid growth of this can be attributed to the growing popularity of plastics, due to their highly versatile nature that allows them to be converted into different sizes, designs, and shapes. In addition, plastic is more durable, flexible, and cost-effective in comparison with the other materials that are used for packaging, which is anticipated to drive the plastic segment in the near future.
The research study on the flexible packaging market in Europe covers the competitive landscape and offers a detailed vendor reports. As per the study, this market is extremely fragmented due to the presence of numerous local and international players. The competition is expected to increase among the players on the basis of product portfolio and cost. Some of the leading players operating in the flexible packaging market in Europe are Safta, Südpack Verpackungen, Mondi, Constantia Flexibles, Huhtamäki, Flextrus, Clondalkin, Amcor, Cellpack, Wipak, Bischof + Klein, Sealed Air, Britton Group, and Schur Flexibles. These vendors are expanding their businesses by launching new products and setting up new manufacturing units in developing countries.
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