Flexible Lid Stock Packaging Market Size| COVID-19 Impact, Competitive Dynamics and Global Outlook till forecast 2022

Flexible Lid Stock Packaging Market Size Insights

One of the key drivers for the growth of Flexible Lid Stock Packaging Market Size is the increasing growth of the packaging industry in terms of improved technology and increased automation for the process of packaging.

Key Players

The key players of Flexible Lid Stock Packaging Market Size are

• Amcor Ltd. (Australia)
• Bemis Company, Inc. (U.S.)
• Berry Plastics Corporation (U.S.)
• Mondi plc. (Austria)
• Sonoco Products Company (U.S.)
• EP Industries Ltd. (Alfreton, England)
• Wipak Germany GmbH (Germany)
• Anchor Packaging Inc. (U.S.)
• Coveris Holdings S.A. (U.S.)
• Sealed Air Corporation (U.S.) and others.

Industry News

March 2019: Amazon came up with a decision to move toward lightweight flexible plastic mailers over its traditional cardboard boxes will likely set a trend for the rest of the industry, according to Wood Mackenzie Chemicals’ recent Q1 2019 Flexible Packaging Global Market Overview.

Drivers & Trends

Recently, the trend of consumer’s lifestyle has changed drastically which has created dependency on consuming packaged food and other materials. This has led to the introduction of various new techniques of flexible packaging and hence driving the need and growth in the Flexible Lid Stock Packaging Market Size.

Segmentation

The report has been analyzed based on types, applications and regions. On the basis of end-use, food & beverage segment has been dominating the market. Changing lifestyles the people globally, are leading to the increase in adoption of the pre-packaged food and beverages, leading to the growth of the Flexible Lid Stock Packaging Market Size. The food packaged in flexible lid stock packaging are lighter than other packaging techniques and are preferred more during travel. They are also portable, which ensures the convenience of usage and storage.

Regional Outlook

Considering the criterion of geographical split according to MRFR’s reports, the market has covered major areas of North America, Europe, Asia-Pacific, and rest of the world.

Among them, Asia-Pacific is expected to lead with the global Flexible Lid Stock Packaging Market Size owing to the increase in disposable income mainly in countries such as India and China. The other factors contributing to the growth of the market are convenient handling of the packages and the rising trend of smaller households which majorly use products stored in small flexible lid stock packages in the region.

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