Flexible Plastic Packaging Market in the US 2015-2019
About flexible plastics
Flexible plastics are a category of plastics that are thin, light, and easily stretchable, yet retain barrier characteristics along with being resistant to tearing or puncturing. These properties make flexible plastics suitable for manufacturing packaging products. They are chemically inert, cheap, and visually appealing, which enhances the appeal of the product they are used to pack.
Generally, they are used to pack non-durable and fast-moving unit loads and have limited bulk industrial use, with the exception of FIBCs. The key customers of flexible plastic packaging products are the F&B, personal care, and pharmaceutical and healthcare sectors.
Technavio's analysts forecast the flexible plastic packaging market in the US to grow at a CAGR of 3.39% over the period 2014-2019.
Covered in this report
In this report, Technavio covers the present scenario and growth prospects of the flexible plastic packaging market in the US for 2015-2019. The report includes plastic bags and pouches used in packaging, storage, and transportation. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market. In addition, the report includes segmentation of the market by products and raw materials.Technavio's report, Flexible Plastic Packaging Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape of flexible plastic packaging in the US and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Flexible Plastic Packaging Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the Flexible Plastic Packaging Market in the US: Amcor, Bemis, Berry, Pactiv and Sealed Air
Other Prominent Vendors in the market are: AEP Industries, Bischof + Klein, Clondalkin Group, Constantia Flexibles, Coveris, DS Smith, Graham Packaging, Huhtamaki, LINPAC Group, Printpack, Winpak and Wipak
Commenting on the report, an analyst from Technavio’s team said: “Increased focus is being given to convenience and sustainability issues. Flexible plastic packaging materials are 80% lighter in weight than equivalent rigid plastic packaging materials as well as cheaper to manufacture. They also have high tensile strength and barrier properties. Flexible packaging is highly versatile and can be converted into many shapes and sizes. The development of convenient, innovative items, such as stand-up pouches, is making flexible plastics more popular. Carriage and warehousing costs for these items are also low.”
According to the report, smart packaging refers to smart materials capable of sensing a change in the immediate external environment through the use of sensors and indicators, thereby increasing the shelf life of the items inside. Such materials take automatic rectifying actions in response to changes in the environment (whether temperature, moisture, or pressure related). Antimicrobial films, through additives, also control the growth of microorganisms. Such films are even fitted with radio-frequency identification tags for tracking items. These films is expected to have a significant impact on the growth of the market during the forecast period.
Further, the report states that major vendors are being forced to adopt lower prices, which will affect the overall profit margins of vendors and hinder market growth.
Amcor, Bemis, Berry, Pactiv, Sealed Air, AEP Industries, Bischof + Klein, Clondalkin Group, Constantia Flexibles, Coveris, DS Smith, Graham Packaging, Huhtamaki, LINPAC Group, Printpack, Winpak, Wipak