Flexible Packaging Market Research Report and Forecast up to 2024 Flexible Packaging Market - Global Industry Analys | Page 2

On the other hand, Asia Pacific is expected to provide a key opportunity for flexible
packaging manufacturers owing to a massive demand for better packaging and a
growing consumer goods industry. The increasing disposable income of individuals
is expected to solidify the consumer goods industry and thus provide a solid
foundation for growth of new entrants.
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Consumer Goods Industry Demand for Flexible Packaging to Increase
Further
By the end of 2024, the consumer goods industry is expected to generate a demand
of US$278.4 bn for flexible packaging. This demand is expected to grow at a
relatively stagnant rate, but is still expected to remain the dominant one due to the
sheer volume of its current stable demand. A large part of its modest growth rate is
attributed to the growing rate of urbanization in emerging economies, the
increasing number of nuclear families, and a high demand for ready-to-eat foods.
Apart from the consumer goods industry, the sectors of personal care,
pharmaceuticals, and tobacco are all showing a very high growth in demand for
flexible packaging.
The key manufacturers of flexible packaging from a global standpoint include Amcor
Limited, Bemis Company, Sealed Air Corporation, Berry Plastics Group, Inc., Mondi
Group, Sonoco Products co., Huhtamäki Oyj, Constantia Flexibles Gmbh, Ampac
Holdings, Llc, Bischof + Klein International, Wipak Group, AR Packaging, Goglio
Group, Schur Flexibles, Clondalkin Group, Flair Flexible Packaging Solution, Cellpack
Packaging, and Südpack Verpackungen.
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