The flexible packaging is expected to grow rapidly in the upcoming years. As the world is moving towards sustainability, the novel bio-based and biodegradable packaging materials are expected to create a profitable future in the flexible packaging. The report provides in-depth analysis from the technology perspective which is segmented based upon application, material, printing technology and region.
Cost-effectiveness and increased shelf life of the products is stroking the demand for flexible plastic packaging. Moreover, due to busy lifestyles, the demand for convenient products has increased, which has led to a rise in demand for flexible packs. Flexible plastic packaging requires less resources and energy for packaging; thus, flexible packs are accessible at low costs. Flexible plastic packaging enables to pack the product in the least amount of packaging material, thereby lowering product warehousing and shipping expenses while maintaining or improving product protection. Technological innovation, sustainability concerns and attractive economics are the reasons for the phenomenal growth of flexible packaging.
From the global perspective in terms of IP activities, Asian countries have the majority share in flexible packaging wherein China is leading major in terms of patenting activity followed by US and Europe. Various active research collaborations, acquisitions and licensing activities are currently going on among companies and universities have also been provided in the report. It also mentions the recent findings and new emerging technologies in the flexible packaging domain. The use of renewable materials and bio-based materials for packaging in various applications is likely to emerge out as a promising white space for developing flexible packaging. Aseptic, high-pressure processing and intelligent packaging will also contribute to new innovations in the flexible packaging.
This report discusses the key insights derived from patenting activities from companies and universities along with the latest trends in the market. The top technologies in this domain are container, packaging, bottle, lid, bag, dispensing, packaging, filling, wrapping, pouch, bag, laminate, layer, adhesive, film, resin, sheet, etc. The Key industry players are Amcor, Sonoco, Bemis, Sealed Air Corporation, Mondi Group and Clondalkin Group among other.
Key purposes of the study:
- To identify and analyse the patenting activity in the domain of flexible packaging.
- To identify and analyse the technological innovations in the domain of flexible packaging.
- To identify the whitespace for new technology development.
- To estimate and project the global market for flexible packaging market on different segments.
- To analyse the key factors influencing the market (drivers, restraints, opportunities, challenges and trends)
- To provide detailed profiling on the key players along with the analysis of the competitive developments.