Flexible Food Packaging Market in North America 2015-2019
About Flexible Food Packaging
Flexible packaging is a non-rigid method of packaging. The process uses flexible or easy-yielding materials that can easily change shape based on the nature of the product being packaged. Flexible packaging materials include plastic, aluminum, and paper. The materials undergo detailed conversion process including printing, lamination, coating, and extrusion, to turn into varied types of flexible packaging products, such as plastic bags and pouches, lidding films, foil bags, and sachets.Technavio predicts that the flexible food packaging market in North America will grow at a CAGR of 5.72% during 2014-2019.
Covered in this Report
The Technavio report, Flexible Food Packaging Market in North America 2014-2019, is based on an in-depth market analysis, with inputs from industry experts. The report covers the growth prospects in the coming years, and discusses the key vendors operating in the market.
Technavio Announces the Publication of its Research Report – Flexible Packaging Market in North America for Food Products 2015-2019
Technavio recognizes the following companies as the key players in the Flexible Packaging Market in North America for Food Products: Amcor, Bemis, Berry Plastics and Sealed Air
Other Prominent Vendors in the market are: AEP Industries, American Packaging, Anchor Packaging, Ball, Coveris, Exopack, Hood Packaging, MeadWestvaco, Pactiv, Printpack and Sonoco Products
Commenting on the report, an analyst from Technavio’s team said: “High-barrier flexible packaging contains high-barrier resins that provide products with improved protection from moisture and oxygen, and lengthen shelf life. High-barrier flexible packaging is better in terms of quality than other packaging products because specialized coatings and laminated structures along with resins are used to develop this form of packaging. Some high-barrier plastics used in the development of this type of packaging include BOPET and EVOH, which are gaining popularity among consumers worldwide. In addition, these high-barrier plastics are considered to be premium packaging materials in the flexible food packaging market in North America, and are being increasingly used by food companies.”
According to the report, there has been an increased demand for flexible plastic packaging products and solutions with plastic packaging replacing metal and glass packaging, especially for food products, in North America. Plastic is preferred for flexible packaging as it is highly versatile and can be converted into different shapes and sizes. It is also cheaper than other materials because it is lightweight and incurs lower handling and carrying costs. In addition, the growing demand for convenience packaged foods worldwide is expected to have a positive impact on the demand for plastic during the forecast period.Further, the report states that in response to the volatility in the prices of raw materials, many vendors in the market have increased the prices of their packaging products, thereby hindering the growth of the market.
Amcor, Bemis, Berry Plastics, Sealed Air, AEP Industries, American Packaging, Anchor Packaging, Ball, Coveris, Exopack, Hood Packaging, MeadWestvaco, Pactiv, Printpack, Sonoco Products