The beneficial attributes of flexible paper packaging and other major driving factors is expected to favour the rise in the global flexible paper packaging market
Reports and Insights has published a new report titled, “Flexible Paper Packaging Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Flexible Paper Packaging Market, By Paper Type (Kraft Paper, Parchment Paper, Greaseproof Paper, Sulfite Paper, Glassine Paper), By Material (Coated Unbleached Kraft Paperboard (CUK), Solid Bleached Sulfate (SBS), Coated Recycled Paper (CRP), Waxed Paper), By Packaging Type (Wraps, Cartons, Bags & Sacks, Envelops, Lids, Pouch, Sachet, Others), By Distribution Channel (Retail, E-commerce, By End Use Industry, Food & Beverages, Personal Care & Cosmetics, Pharmaceutical, Agriculture, Electrical & Electronics, Consumer Goods, Other End Use) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global flexible paper packaging market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
Paper is believed to play a significant role in the mixture of future packaging materials. It is believed that there is no other material that can offer the equivalent recyclability and sustainability as paper. In the past, papers have been used in flexible packaging for several applications, comprising pet food, confectionery, and dried food. By the beginning of 2000s, however, the demand for paper as a flexible packaging started to fall because of competition from down-gauging as well as the increase of plastic alternatives.
In a world in which the jungles, wilds and oceans are already flooded with plastic waste and this waste is coming back to the people through the food chain, the fresh and innovative ways and perspectives on packaging solutions are of extreme significance. Thus, the growing preference shift of consumers to biodegradable and eco-friendly products and thereby, accelerating the demand of flexible paper packaging solutions across the global markets.
Further, the flexible paper packaging solutions are lightweight, durable as well as cost-effective which further makes it appealing among the consumers worldwide. Attributing to which, the global flexible paper packaging market is projected to grow significantly in the near future.