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The global flexible packaging market was valued at US$ 124.9 Billion in 2021.
Extensive utilization of flexible packaging in both food and non-food product applications, such as cosmetics, healthcare, processed food items, pharmaceuticals, nutraceuticals, etc., is currently catalyzing the global flexible packaging market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of various end-use industries, such as food and beverages, cosmetics, pharmaceuticals, etc., for flexible packaging materials.
Based on the product type, the global flexible packaging market has been segmented into printed rollstock, preformed bags and pouches, and others. Currently, printed rollstock holds majority of the total global market.
Based on the raw material, the global flexible packaging market can be divided into plastic, paper, aluminium foil and cellulose, where plastic exhibits a clear dominance in the market.
Based on the printing technology, the global flexible packaging market has been categorized into flexography, rotogravure, digital, and others. Among these, flexography accounts for majority of the market share.
Based on the application, the global flexible packaging market can be segmented into food & beverages, pharmaceuticals, cosmetics, and others, where the food & beverages industry currently accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global flexible packaging market include Amcor, Bemis Company, Berry Global, Mondi, Sealed Air, Aluflexpack novi, Bak Ambalaj Sanayi, Constantia Flexibles, Clondalkin Group, Danaflex, DS Smith, Glenroy, Huhtamäki, Printpack, and ProAmpac.
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