Global Multilayer Flexible Packaging Market, By Product (Bags, Pouches and Sachets, Wrapping Films, Laminates, Others), Material (Plastic, Paper, Aluminium Foil), Layer Structure (3 Layers, 5 Layers, 7 Layers, More than 7 Layers), End-Use Industry (Food, Beverages, Pharmaceuticals, Automotive, Cosmetics and Personal Care, Homecare, Electricals and Electronics, Agriculture and Allied Industries, Textiles and Apparels), – Industry Trends and Forecast to 2029
Market Analysis and Size
With the introduction of automation and robotics in recent decades, production lines all over the world have undergone significant transformations. High levels of competition, as well as an increasing emphasis on reducing turn around time, have pushed manufacturers all over the world toward automation in order to maintain high levels of throughput and efficiency.
Data Bridge Market Research analyses that the multilayer flexible packaging market was valued at 147.69 million in 2021 and is expected to reach the value of USD 211.64 million by 2029, at a CAGR of 4.60% during the forecast period of 2022-2029.
Market Definition
Multilayer flexible packaging is a method of packaging products that uses non-rigid materials, allowing for more cost-effective and customizable options. It is a relatively new method in the packaging market that has grown in popularity due to its high efficiency and low cost as it uses little material and can be made from chemically recycled material.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Bags, Pouches and Sachets, Wrapping Films, Laminates, Others), Material (Plastic, Paper, Aluminium Foil), Layer Structure (3 Layers, 5 Layers, 7 Layers, More than 7 Layers), End-Use Industry (Food, Beverages, Pharmaceuticals, Automotive, Cosmetics and Personal Care, Homecare, Electricals and Electronics, Agriculture and Allied Industries, Textiles and Apparels)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Amcor plc (Australia), Dow (U.S.), Bemis Company, Inc. (U.S.), Westrock Company (U.S.), Sealed Air Corporation (U.S.), DS Smith (U.K), Huhtamaki Oyj (Finland), Berry Plastic Corporation (U.S.), Ball Corporation (U.S.), Genpak, LLC (U.S.), Union packaging (U.S.), Robert Bosch GmbH (Germany), Tetra Pak International S.A. (Switzerland), Coesia S.p.A. (Italy), Marchesini Group S.p.A. (Italy), OPTIMA packaging group GmbH (Germany), Muller LCS. (US), ISHIDA CO.,LTD (Japan) and GEA Group Aktiengesellschaft (Germany)
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Opportunities
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Multilayer Flexible Packaging Market Dynamics
Drivers
- Rising adoption of the multilayer flexible packaging
Increased adoption of multilayer flexible packaging is a major factor driving market growth, as is increased demand for consumer goods, modernised materials and the development of energy-efficient materials, among other factors driving the growth of the multilayer flexible packaging market. The rise in the retail industry and e-commerce will create new opportunities for the multilayer flexible packaging market.
- Growing environmental awareness and rapid demand from the food industry
Growing environmental concerns have prompted a pioneering shift toward sustainable packaging, which will influence the growth of the multilayer flexible packaging market from 2022 to 2029. Some of the factors expected to accelerate market growth include the increasing penetration of automated food manufacturing plants, which necessitates the use of new packaging systems for hurdle-free packaging of finished products, the ability of flexible packages to conserve resources and reduce environmental pollution, and an increase in online sales volume. Rising health and nutrition concerns, on the other hand, as well as strong demand for light packaging to reduce transportation costs, will drive various opportunities for market growth during the forecast period of 2022 to 2029.
Opportunity
Manufacturers have been encouraged to develop new packaging options as a result of dynamic industry changes, such as the implementation of new regulatory initiatives. Environmental concerns of the use of biodegradable plastics in multilayer flexible packaging have also pushed manufacturers to develop safe and secure sustainable packaging options. In order to decrease cost pressures and maintain the integrity of products, manufacturers are considering sustainable packaging solutions that require fewer materials and energy to manufacture a package, reduce transportation costs, and offer a longer shelf-life to the product.
Restraints
Higher capital costs are required for integrated packaging machinery production and import activities for operations such as wrapping, automated labelling, palletizing materials, and significant others. Such factors are impeding the overall growth of the packaging machinery industry. Customs duties imposed in developing countries are also weighing on the overall growth of the packaging machinery industry.
This multilayer flexible packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the multilayer flexible packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Multilayer Flexible Packaging Market
The prolonged lockout and reduced labour have hampered the growth of the packaging machinery market. The pandemic wreaked havoc on manufacturing and production facilities. Demand for consumer goods and electronics fell during the pandemic. The growing number of COVID cases around the world has increased demand for pharmaceutical industries and medical sectors. Such factors have increased demand for pharmaceutical drugs and medicines, necessitating proper packaging. Regardless of COVID's influence, such factors have aided the overall growth of the packaging machinery industry. As there were strict movement restrictions during the pandemic, there was a significant drive from the e-commerce sectors, which influenced the overall growth of the packaging machinery industry.
Global Multilayer Flexible Packaging Market Scope
The multilayer flexible packaging market is segmented on the basis of product, material, layer structure, and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Bags
- Pouches and Sachets
- Wrapping Films
- Laminates
- Others
Material
- Plastic
- Paper
- Aluminium Foil
Layer structure
- 3 Layers
- 5 Layers
- 7 Layers
- More than 7 Layers
Technology
- Flexography
- Rotogravure
- Digital
- Others
Application
- Food, Beverages
- Pharmaceuticals
- Automotive
- Cosmetics and Personal Care
- Homecare
- Electricals and Electronics
- Agriculture and Allied Industries
- Textiles and Apparels
Multilayer Flexible Packaging Market Regional Analysis/Insights
The multilayer flexible packaging market is analysed and market size insights and trends are provided by country, product, material, layer structure, and end-use industry as referenced above.
The countries covered in the multilayer flexible packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
North America dominates the multilayer flexible packaging market due to rising consumer preferences for packaged goods and the regulatory framework and prevalence of various industries. The Asia-Pacific region is expected to grow at the fastest rate due to rising demand for packaging products in India and China.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Multilayer Flexible Packaging Market Share Analysis
The multilayer flexible packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to multilayer flexible packaging market.
Some of the major players operating in the multilayer flexible packaging market are:
- Amcor plc (Australia)
- Dow (U.S.)
- Bemis Company, Inc. (U.S.)
- Westrock Company (U.S.)
- Sealed Air Corporation (U.S.)
- DS Smith (U.K)
- Huhtamaki Oyj (Finland)
- Berry Plastic Corporation (U.S.)
- Ball Corporation (U.S.)
- Genpak, LLC (U.S.)
- Union packaging (U.S.)
- Robert Bosch GmbH (Germany)
- Tetra Pak International S.A. (Switzerland)
- Coesia S.p.A. (Italy)
- Marchesini Group S.p.A. (Italy)
- OPTIMA packaging group GmbH (Germany)
- Muller LCS. (US)
- ISHIDA CO.,LTD (Japan)
- GEA Group Aktiengesellschaft (Germany)
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