According to a research report titled ‘Global Flexible Plastic Packaging Market 2019-2027’ available with Market Study Report, global flexible plastic packaging market is anticipated to register a CAGR of 4.22% in terms of revenue as well as 3.68% CAGR with respect to volume during the forecast period 2019-2027.
 

As per report findings, factors such as durability and cost effectiveness of plastic packaging, coupled with recent advancements in consumer good manufacturing are positively swaying the worldwide flexible plastic packaging industry dynamics.
 

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Moreover, increasing demand for sustainable packaging solutions, replacement of traditional packaging, and technological modernization are acting as growth catalysts for industry.
 

Despite the positive outlook, the recyclability issue of plastic is likely to impede market growth during the forecast period.
 

By raw material, global flexible plastic packaging market is split into aluminum, paper, bioplastics, and plastics. Based on application ambit, the industry is arrayed into food & beverage, pharmaceutical, and cosmetics among others.
 

Moving on to type, the market space comprises of flat pouches, stand-up pouches, gusseted bags, wraps, roll stock and wicketed bags. Lastly, on the basis of printing technology, flexography, rotogravure, digital printing, and other variants prevail in this industry vertical.
 

Considering the regional outlook, the research report covers North America, Europe, Middle East & Africa, Latin America, and Asia-Pacific. Of these, Asia-Pacific accounts for a significant portion of market share currently and is anticipated to record highest CAGR during the forecast period. Rapid development in the food & beverage industry, coupled with the growing demand for flexible packaging are likely to generate lucrative returns for APAC market.
 

Top contenders in global flexible plastic packaging market space are Amcor plc, Amerplast Ltd., Sealed Air Corporation, BASF SE, Solvay S.A., Mondi plc, K M Packaging Services Ltd., DuPont de Nemours, Inc., TCL Packaging Ltd., Coveris Management GmbH, Bryce Corporation, Bolloré SE, Bemis Company Inc., American Packaging Corporation, and Bischof + Klein SE & Co. KG.