Market growth in flexible plastic packaging is due to an increase in manufacturing activities and rising demand for conveniently packaged products.
July 3, 2017
The flexible packaging market is projected to expand from $102.19 billion in 2017 to $131.65 billion by 2022, growing at a compound annual growth rate (CAGR) of 5.2%, according to a recent report from MarketsandMarkets™. Demand is growing for the global flexible plastic packaging market due to an increase in manufacturing activities and rising demand for conveniently packaged products.
The availability of new packaging films, substrates, inks, adhesives and application methods for flexible packaging is growing at a remarkable rate. The drive to capitalize on “the new and the now” has left the market filled with misinformation and misunderstandings.