Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Flexible Paper Packaging Market size is expected to reach $81 billion by 2027, rising at a market growth of 4.1% CAGR during the forecast period.
The Cold Foil segment is showcasing a CAGR of 4.3% during (2021 - 2027). It's utilized to produce a stylish metallic, high-impact effect in shrink sleeves. Coatings with special effects provide a textured surface that everybody can feel.
The Flexography segment acquired maximum revenue share in the Global Flexible Paper Packaging Market by Printing Technology 2020, thereby, achieving a market value of $32.7 billion by 2027. The feature that flexography inks have a low viscosity allows the print to dry fast, speeding up the printing and lowering production costs. Flexographic printing is commonly used in a number of industries. Flexographic printing's great flexibility may be ascribed to variables such as inexpensive operating costs and strong print capabilities.
The Shrink Sleeves segment has high growth rate of 4.8% during (2021 - 2027). Shrink sleeves provide 360-degree coverage of images on a product container, giving the brand owner greater display area to get its message through to potential customers in a crowded supermarket shelf. The design is far more resistant to scuffing and damage since it is printed on the inside of the label. Several print processes, including digital, can be used to print the sleeves.
The Food & Beverages segment is leading the Global Flexible Paper Packaging Market by Application 2020, thereby, achieving a market value of $50.3 billion by 2027. The rising need for flexible paper packaging, as well as changing lifestyles and hectic schedules of the employed population, are driving this segment's rise. Flexible paper packaging also decreases leakage and increases product shelf life. Because of their ease and mobility, food goods are the main users of flexible plastic packaging. Food and beverage packaging's key functions are to reduce food waste and extend the shelf life of food goods.
Asia Pacific is the fastest growing region in Global Flexible Paper Packaging Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $28.5 billion by 2027. The Europe market is poised to grow at a CAGR of 3.7% during (2021 - 2027). Additionally, The North America market would expect a CAGR of 3.6% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
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