Flexible Packaging Market by Product (Bags, Wraps, Stretch films, Standup pouches, Sleeve labels, Shrink bundling, Lidding, Cut/wrap), Material (Aluminum , Paper, Plastic Films), Industry (Food and Beverage, Healthcare, Personal Care, Medical and Pharmaceutical), & Geography – Forecasts from 2018 to 2023
According to a new market research report “ Flexible Packaging Market by Product ( Bags, Wraps, Stretch films, Standup pouches, Sleeve labels, Shrink bundling, Lidding, Cut/wrap ) , Material ( Aluminum , Paper, Plastic Films ), Industry ( Food and Beverage, Healthcare, Personal Care, Medical and Pharmaceutical ) , & Geography – Forecasts from 2018 to 2023” Flexible packaging is any package or any part of a package whose shape can be readily changed. The packaging may consist of paper, plastic film, foil or any combination of these. The largest market for flexible packaging is food (retail and institutional). Other markets include consumer products, industrial applications, medical and pharmaceutical. Flexible packaging market anticipates a strong growth in future. According to the World Bank data, the world population has increased from 7.357 to 7.444 billion from 2015 to 2016. According to OECD data, the household disposable income has shown a significant increase. For in