Flexible Packaging: The Best Packaging Solution?

30 December 2020

Flexible packaging is referred to as lightweight bags and pouches such as Ziplock pouches, vacuum pouches, among others. The design of the package is printed directly on the pouch, so there is no need for printing separate labels, which leads to the low cost of manufacturing of such packages in the global market. APAC witnessed the highest demand for flexible packaging and at the same time accounted for the leading position in the this industry in 2018. However, Latin America is expected to surpass the growth of all other regions by growing at a CAGR of over 4% during the forecast period. The rising demand from end-user industries for packaging machines that offer versatile & longer shelf life for products is driving the demand for flexible packaging market in Latin America. Flexible packaging market has created strong base in few developing countries, this in turn, is boosting the market growth. The e-commerce industry has increased the stock keeping units in almost all industries. Almost all e-commerce products require some form of plastic packaging or flexible packaging, also known as protective packaging. Bubble plastic wraps, small flat pouches, and anti-static pouches are in major demand from the e-commerce industry. The countries such as the US and Canada has started adopting flexible packaging and is been anticipated that in the coming five years, the growth of these packaging solutions in North America will exceed. With the increasing adaptability of flexible packaging there will be an additional growth for packaging machinery that can handle flexible materials. The use of flexible packaging is gradually increasing in the Indian packaging industry. The growth for flexible packaging is increasing in India as the FMCG market is a high-volume segment and majorly utilizes flexible packaging solutions.

Read: Packaging Machinery Market Global Outlook and Forecast 2020-2025
Impact of Booming E-Commerce Industry

E-commerce is evolving as one of the fastest-growing industries across the globe. With the evolution of e-commerce platforms, online shopping is becoming a prominent choice for purchasing fast moving consumer goods and many other products. The consumers in today’s generation are moving more towards online shopping supported by internet penetration and due to this factor packaging plays an important role in the e-commerce industry. Due to the rising demand for a wide range of sizes & shapes of products on a e-commerce platform in several specific segments such as cosmetics, pharmaceuticals, and others, the requirement for packaging machines, which offers versatility & flexibility is increasing significantly. The increasing growth of e-commerce industry is expected to fuel the demand in the flexible packaging market. With increase of online shopping, different shape, and sizes packaging is becoming crucial. The rapid growth of e-commerce industry, the demand for packaging machines, majorly cartooning, and labeling machines are expected to increase significantly.

Market Overview of Packaging Machinery

Advancement in technology and innovation has changed the dynamics of the packaging machinery market across the globe. The packaging machinery market is immensely competitive, owing to the presence of many small as well as highly established market players. The packaging of products is the first thing that gets noticed by the consumers, and the appearance of packets is one of the major factors that drive the customers to decide whether to purchase the product or not. The global packaging machinery market holds a promising position in the long run and short run due to the crucial and strategic entity for several business units. The recent trend of sustainable and flexible packaging is expected to result in further technological advancements in the food and beverage packaging machinery market. FFS machines and labeling machines are the most popular among manufacturers and hold a significant position in the packaging machinery market. The rising demand for packaging, flexible packaging market is gaining high traction across the globe. The packaging machinery market is continuously expanding across the globe with a strong focus on entering new segments, innovation and technological development, partnerships and associations, and improved supply chain, and distribution network.

Read: Vacuum Packaging Market Global Outlook and Forecast 2020-2025

FAQs about the Packaging Machinery Market:

Q. What is the market size of the packaging machinery?

A. The packaging machinery market size to cross revenue around USD 64 billion by 2025.

Q. What is the market growth of packaging machinery?

A. The packaging machinery market is projected to grow at a CAGR of over 4% during the forecast period.

Q. What is the global market segmentation of the packaging machinery?

A. The packaging machinery market is segmented by product type, end-users, and geography.

Q. What is the market insight of the packaging machinery?

A. Owing to the increasing demand from several industries such as F&B, pharmaceutical, personal care, toiletries, & cosmetics, and others, it has also been anticipated that demand for filling & dosing machines and labeling machines will grow at the fastest rate.

Q. What are the major regions in the global packaging machinery?

A. The leading regions in the packaging machinery market include North America, Europe, APAC, Latin America, and Middle East & Africa.

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