Flexible Lid Stock Packaging Market – Global Industry analysis, Growth, Trend, Forecast 2024
Flexible packaging requires less than 75% of plastics than rigid type of packaging and also lighter in weight. In terms of cost too flexible packaging are far cheaper. Flexible lid stock packaging is mostly used for dairy, dry goods, medical packaging industry. Flexible lid stock packaging solution offers peel-able as well as lock seal type of characteristics. The material mostly used in flexible lid stock packaging is polymer which includes PS, PP, PE, and PET. Flexible lid stock packaging is of great use in the packaging of consumer goods such as bottles, containers, cups as well as medical packaging such as thermoformed trays. Superior microbial barrier properties offered by high density polyethylene fibers such as Tyvek of DuPont is a popular flexible lid stock packaging material for surgical instruments and implantable devices. Also, demand from various application sectors especially from dairy and food industry is expected to augment the growth of flexible lid stock packaging market. Increasing growth of packaging industries has positive influence on the flexible lid stock packaging market, since major companies such as Oracle Packaging, Pregis LLC and others are expanding their extrusion facilities. The competition among manufacturers is strong and thus, offering products beyond food industry is seen to be a strategic move. Flexible lid stock packaging in pharma and medical devices are expected to be major growth generating sectors during the forecast period.
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Increasing smaller households and convenient way of handling with barrier properties, drives demand for flexible lid stock packaging market. Besides, increasing use of ready to eat meals fuels consumption of flexible lid stock packaging market. The sterile properties offered by flexible lid stock packaging materials momentous the usage in medical instruments and devices. Also, population growth is expected to drive the market of flexible lid stock.
The global flexible lid stock packaging market is segmented on the basis of type, process and application.
Based on the material type the global flexible lid stock packaging market is segmented into:
Metalized polymer films
Based on the type of manufacturing process the global flexible lid stock packaging market is segmented into:
Based on the end-use industry the global flexible lid stock packaging market is segmented into:
Food and Beverage
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The global flexible lid stock packaging market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia-Pacific is anticipated to be the dominant market in terms of consumption for flexible lid stock packaging market followed by North America and Europe. China, India, Indonesia, South Korea and Japan are the key countries for next generation growth in Asia Pacific region. Factors such as urbanization, increasing standard of living, convenient handling and trend towards smaller households will stimulate the demand for the flexible lid stock packaging market globally.
Some of the key players in the global flexible lid stock packaging market are Chase Corporation, Constantia, Glenroy Inc., Oracle Packaging, Huhtamaki Group, International Plastics, Berry Plastics Corporation, Schur Flexibles Group, Heyne & Penke Verpackungen GmbH, Printpack Inc., Winpak Ltd etc. The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.
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