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Flexible Lid Stock Packaging Market Share, Growth Rate, Future Scope, Analysis, Business Development And CAGR To 2022
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Flexible Lid Stock Packaging Market Insights
Flexible lid stock packaging is a type of flexible packaging made up of material or stock which is used to form a lid. For example, the materials which can be heated and sealed over the open ends of the packages.
Key Players
The key players of Flexible Lid Stock Packaging Market Share, 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.
Segmentation
The global Flexible Lid Stock Packaging Market Share, 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 Share,. 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.
Drivers & Trends
The flexible lid stock packaging has sterile properties as well, which is highly used in keeping or packing medical equipment and devices. This quality and high usage is also propelling the market to grow constantly at a high CAGR.
Regional Analysis
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 Share, 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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