(Entertainment-NewsWire.com, December 27, 2016 ) According to Publisher, the Flexible Packaging market is accounted for $74.12 billion in 2015 and is expected to reach $147.4 billion by 2022 growing at a CAGR of 10.31% from 2015 to 2022. The Flexible packaging market estimates the market size in terms of value and volume. Substitutions of traditional packaging and retail chains are the most important drivers for the market growth. Environmental legislations and rising cost of materials are the factors hampering the market growth. The opportunity for the market growth lies in concentrating on emerging economies.
The food in end user segment holds the largest share and has highest CAGR during the forecast period. Shifting end user lifestyles and the increasing consumption of food products will steer the flexible packaging market. Asia pacific is the largest market for Flexible packaging strongly driven by the growth in food consumption and emerging economies have the potential to drive the market.
