Flexible Lid Packaging Market Size Expected to Grow USD 1.92 Billion | Growing demand for MAP in flexible packaging to drive growth


NEW YORK, April 15, 2022 /PRNewswire/ — The soft lid packaging market is expected to grow by $1.92 billion from 2021 to 2026, growing at a CAGR of 5.9% over the forecast period, according to Technavio. The report offers up-to-date analysis along with the exact growth variance and annual growth rate.

Attractive Opportunities in Flexible Lid Packaging Market by End User and Geography – Forecast and Analysis 2022-2026

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Flexible Lid Stock Packaging Market 2022-2026: Scope

The Soft Lid Packaging Market report covers the following areas:

Flexible Lid Stock Packaging Market 2022-2026: Driver and Challenge

the growing demand for MAP in flexible packaging is driving the growth of the flexible lid stock packaging market. MAP is a fine mixture of atmospheric gases such as oxygen, nitrogen and carbon dioxide in a high barrier package. It helps maintain the nutritional and visual appeal of foods and extend shelf life without the use of chemical preservatives. It also reduces the aging process of the product and prevents loss of taste, color and other types of deterioration. MAP helps to reduce product turnover and replenishment cycle and therefore labor cost. These benefits of MAP will drive the growth of the flexible lid packaging market over the forecast period.

Strict government regulations on reducing packaging waste is a challenge for the growth of the soft lid packaging market. Packaging suppliers offer innovative solutions to reduce the cost of packaging as well as packaging waste. For example, DuPont introduced DuPont Surlyn Ionomer Resin in 2015, a paper-based pouch for processed foods that can be used to create a diaper and is one-third the size of other polyethylene diapers. This reduces packaging costs and packaging waste. Hence, such types of innovations in paper packaging, along with increasing government regulations on waste reduction, are expected to hamper the global flexible lid packaging market during the forecast period.

Flexible Lids Stock Packaging Market 2022-2026: Segmentation

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Flexible Lid Stock Packaging Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the flexible cover packaging market including Amcor Plc, Berry Global Inc., Constantia Flexibles Group GmbH, Coveris Management GmbH, DuPont de Nemours Inc., Fres co System UNITED STATES Inc., Glenroy Inc., Huhtamaki Oyj, KP Holding GmbH and Co. KG, Mondi plc, Sealed Air Corp., Sonoco Products Co., Toray Industries Inc., UFlex Ltd., WestRock Co. and Wipak Group, among others. The major offerings from some of the vendors are mentioned below:

  • Amcor Plc- The company offers stock flexible packaging of lids such as Primera Blister Lidding for healthcare applications.

  • Berry Global Inc. – The company offers flexible lid packaging, which can be purchased independently or paired with tumblers, containers, jars or drink jars.

  • Constantia Flexibles Group GmbH – The company offers stock flexible packaging of lids named Aluminum Lid for applications such as processed foods and pet care.

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Flexible Lids Inventory Packaging Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026

  • Detailed information on the factors that will contribute to the growth of the flexible lid packaging market over the next five years

  • Estimation of the soft lid packaging market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the flexible lidded packaging market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Complete details of factors that will challenge the growth of the Flexible Lids Packaging Market vendors

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Scope of the flexible lid packaging market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 5.9%

Market Growth 2022-2026

$1.92 billion

Market structure

Fragmented

Annual growth (%)

5.63

Regional analysis

APAC, North America, Europe, South America, Middle East and Africa

Successful market contribution

APAC at 41%

Main consumer countries

United States, Canada, China, India and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Amcor Plc, Berry Global Inc., Constantia Flexibles Group GmbH, Coveris Management GmbH, DuPont de Nemours Inc., Fres co System USA Inc., Glenroy Inc., Huhtamaki Oyj, KP Holding GmbH and Co. KG, Mondi plc, Sealed Air Corp., Sonoco Products Co., Toray Industries Inc., UFlex Ltd., WestRock Co. and Wipak Group

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents :

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by End User

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

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Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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