Growth opportunities in the Global Flexible Plastic Packaging Market look promising over the next four years. Shifting consumer preferences and an evolving retail landscape have increased the demand for flexible packaging with features such as improved shelf life, convenience, and ease of use. A growing need for innovative flexible plastic packaging options that meet recyclability, regulatory, and sustainability standards are further factors augmenting lucrative market expansion possibilities. Frost & Sullivan forecasts the global flexible plastics packaging market to generate revenues of $172.29 million from 2018 to 2023 with a steady CAGR of 3.2% during this period.

“Due to current regulatory, consumer, and environmental pressures, manufacturers are steering their strategies towards circularity and leveraged new plastic technologies to develop recyclable and sustainable solutions that include specific properties such as oxygen, moisture, light, puncture, and chemical resistance, and easy-tear propagation,” said Prateeksha Kaul, Senior Research Analyst, Chemicals, Materials & Nutrition. “Further key focus areas for manufacturers include the development of alternative bioplastics solutions such as Polybutylene succinate and Biopolyproplyene. However, competitive factors like price and the disposal of bioplastics will need to be examined to ensure successful usage.”


[News Resource]http://packagingnewsletter.com/