Comprehensive Report on Asia Pacific (APAC) Flexible Packaging Market by Knowledge Sourcing Intelligence
The Asia Pacific (APAC) flexible packaging market is anticipated to grow at a CAGR of 6.01% over the forecast period to reach net value US$49.928 billion by 2023, increasing from US$35.170 billion in 2017. The major factors driving the growth of flexible packaging market in the Asia Pacific region are; the growing demand for convenience packaging, shelf-life extension offered due to flexible packaging, and stable economic growth in the region. Ease of opening and portability of products are boosting the demand for convenience packaging, which adds to the demand for flexible packaging solutions. Technological advancements being observed in the packaging industry coupled with growing demand for sustainable packaging solutions have the potential to propel the market growth. Rising Demand of Convenience Packaging: There is a rising demand for convenience packaging from customers and business owners alike. For customers, convenience packaging refers to por