Flexible Plastic Packaging Market in the APAC Region 2015-2019
About Flexible Plastic Packaging
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 APAC 2015-2019 to grow at a CAGR of 6.24 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Flexible Plastic Packaging market in the APAC region for the period 2015-2019. To calculate the market size, this report covers revenue generated by the vendors in the market. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Flexible Plastic Packaging market in the APAC region. The report also provides data on different segments of the Flexible Plastic Packaging market in the APAC region. The market is segmented based on type of flexible plastic packaging products.Based on flexible plastic packaging products, the market is segmented into:
Technavio Announces the Publication of its Research Report – Flexible Plastic Packaging Market in the APAC Region 2015-2019
Technavio recognizes the following companies as the key players in the Flexible Plastic Packaging Market in the APAC Region: Amcor Ltd., Bemis Co. Inc., Berry Plastics Corp. and Sealed Air Corp.
Other Prominent Vendors in the market are: AEP Industries, Bischof + Klein, Cangnan Hualian Flexible Packaging Company, Chaoan Danqing Flexible Packaging & Printing Company, Clondalkin Group, Constantia Flexibles, Coveris, Daibochi Plastic, Dongguan Songhui Packaging Material Company, DS Smith, Flextrus, Graham Packaging, Guangzhou Amy Plastic Tube Company, Heshan Zhongxing Fuhe Baozhuang Gongsi Company, Huangshan Sinoflex Packaging Company, Huhtamaki, Jimo Jinlong Plastic Compound Color Printing Company, JL Packaging, LINPAC Group, Linyi Chifeng Packaging Company, Nampak Plastics, Printpack, Rasik Polyflexil, Shanghai Grand Technology Company, Shanghai Xiangwei Packaging Company, Supreme plastic packaging, Taizhou Gerry Plastic Company, Winpak, Wipak, Xinlei Flexible Packaging Company and Zhejiang Chengde Package Company.
Commenting on the report, an analyst from Technavio’s team said: “There is a gradual shift in customer preference to adopting flexible plastic packaging over its rigid counterparts because of convenience and sustainability issues. Flexible plastic packaging materials are 80 percent lighter in weight than equivalent rigid plastic materials, and are cheaper. They have high tensile strength and barrier properties.”
According to the report, one of the main factors positively affecting the market is growing demand from the pharmaceutical and healthcare sector. Packaging of medical products needs to meet international regulatory compliance standards for safety. The inert properties of plastic along with its durability, cleanliness, transparency, and light weight make it the perfect choice for packing complex medical products. Various grades of plastics are used to store various forms of medical solutions, such as high-density polyethylene, low-density polyethylene, polypropylene, and polyethylene terephthalate.
Further, the report states that stringent environmental regulations imposed by governments of developed countries have restricted the growth of the market. Food packaging is the largest component of municipal solid waste in marine channels, which causes major damage to wildlife and marine life.
Amcor, Bemis, Berry Plastics, Sealed Air, AEP Industries, Bischof + Klein, Cangnan Hualian Flexible Packaging, Chaoan Danqing Flexible Packaging & Printing, Clondalkin Group, Constantia Flexibles, Coveris, Daibochi Plastic, Dongguan SonghuiPackaging Material, DS Smith, Flextrus, Graham Packaging, Guangzhou Amy Plastic Tube, Heshan Zhongxing Fuhe Baozhuang Gongsi, Huangshan Sinoflex Packaging, Huhtamaki, Jimo Jinlong Plastic Compound Color Printing, JL Packaging,LINPAC Group, Linyi Chifeng Packaging, Nampak Plastics, Printpack, Rasik Polyflexil, Shanghai Grand Technology, Shanghai Xiangwei Packaging, Supreme Plastic Packaging, Taizhou Gerry Plastic, Winpak, Wipak, Xinlei Flexible Packaging,Zhejiang Chengde Package
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