Flexible
packaging is extensively used in many countries of the world. It is
used to package a broad spectrum of products such as processed meat, processed
cheese, bulk liquids, fresh red meats, cake mix, coffee, medical device, films,
snacks and others. A typical package may be designed of several layers such as
PET, Printed, Primer coating, LDPE, and Foil. Retort packaging is a different
construction that requires two coatings such as PET, printed, adhesive coating,
Foil, Primer coating and LDPE. The foil acts as a barrier layer and may be
served as an alternative such as metalized PET, Nylon, and EVOH depending on
the type of barrier required.
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Pack Coatings Market at: https://www.millioninsights.com/industry-reports/flex-pack-coatings-market
Based on packaging type, the
global flex pack coatings market is segmented into pouches, bags, boxes, over
wrap and blisters. From the commercial point of view, rise in demand for
packaging solutions from industries such as food and beverage, cosmetics,
pharmaceutical, electronics and lubricants have enabled expansion for the flex
pack coatings market. Flex pack coating can be utilized to serve information to
customers regarding the product and the manufacturing company. Apart, with the
favorable factors around the flexible packaging coatings industry is set to
grow at a higher CAGR during the forecast period.
The key driving factors
responsible for the growth of flex pack coatings market includes growing demand
for flexible packaging products. Additionally, the need for storing products to
increase product shelf life and the growing demand for lightweight and compact
items coupled with increased preference of e-commerce for procuring goods is
stimulating the market growth. Moreover, eco-conscious consumers prefer
eco-friendly products owing to environment protection initiatives. Hence, the
demand for flex pack coatings is growing enormously at a higher CAGR.
However, growing concerns among
regulatory bodies regarding the plastic waste caused by extensive use of flex
pack coatings is likely to impede the market growth during the forecast period.
On the basis of material, the global flex pack coatings market is segmented
into polyvinyl chloride, polyethylene, polyethylene terephthalate and polypropylene.
On the basis of end-use industry, the global flex pack coatings market is
segmented into food & beverage, pharmaceutical, household products,
personal care & cosmetics, industrial packaging, electronics and oils and
lubricants.
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On the basis of geographic
segmentation, the global flex pack coatings market spans North America, Latin
America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan,
Middle-East and Africa. North America dominates the global market in terms of
demand for flex pack coating. The Latin American market is anticipated to grow
during the forecast period owing to growing consumer preference for lightweight
products. The key players in the global flex pack coatings market include
Innovative FlexPak LLC, FPS Pty Ltd, Flex Film Ltd, Balmer Lawrie & Co.
Ltd, LEIPA Georg Leinfelder GmbH, Uflex Ltd, Bemis Co. Inc., Berry Plastics
Corp., Sigma Plastics Group, Sealed Air Corp, DuPont Co, Winpak Ltd, etc.
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