The Europe Flexible Paper Packaging Market would witness market growth of 3.7% CAGR during the forecast period (2021-2027).
Paper packaging is a flexible and cost-effective way to protect, store, and transport a variety of items. It may also be tailored to match the demands of certain consumers or products. The characteristics of paper packaging, such as lightweight, recyclability, and biodegradability, make it a crucial ingredient for packaging.
The market for paper packaging is being driven by rising consumer awareness of sustainable packaging and tight rules enforced by different environmental protection organizations (regarding the usage of environmentally friendly packaging items). The use of cardboard and paper-based bags has increased due to the fast expansion of online shopping and delivery-on-demand services.
Paper-based flexible packaging is gaining favor among the general public after years of diminishing demand as end-consumers want more sustainable packaging alternatives. Paper is now largely regarded as a more eco-friendly substitute to plastic among consumers. Two Sides commissioned a European consumer preferences study in 2020, which found that 62 percent of customers believe paper and cardboard packaging is healthier for the environment. Furthermore, 70% of customers polled claimed they were actively working to limit their usage of plastic packaging.
Europe is projected to be one of the major markets in the coming years, with a considerable revenue share, due to strict legislation enacted by the European Union and other European states against the use of single-use plastics. The European Directive created the concept of a circular economy as well as norms and goals for sustainability. European companies have started to follow the circular economy plan by using recycled, recyclable, and degradable products.
The Germany market dominated the Europe Flexible Paper Packaging Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,281.2 million by 2027. The UK market is exhibiting a CAGR of 2.8% during (2021 - 2027). Additionally, The France market would experience a CAGR of 4.4% during (2021 - 2027).
Based on Embellishing Type, the market is segmented into Hot Foil, Cold Foil, and Others. Based on Printing Technology, the market is segmented into Flexography, Digital Printing, Rotogravure, and Others. Based on Packaging Type, the market is segmented into Pouches, Rollstock, Shrink Sleeves, Wraps and Others. Based on Application, the market is segmented into Food & Beverages, Healthcare, Beauty & Personal Care and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Flexible Paper Packaging Market Size will Hit $81 Billion by 2027, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sealed Air Corporation, Amcor Plc, Mondi Plc, Sappi Limited, DS Smith Plc, Coveris Management GmbH (Sun Capital Partners, Inc.), Sabert Corporation, Wihuri International Oy, Sonoco Products Company, and Huhtamaki Oyj.
By Embellishing Type
By Printing Technology
By Packaging Type
By Application
By Country
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