The latest industry research report on Flexible Plastic Packaging by MRC provides a thorough analysis of the global Flexible Plastic Packaging market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Flexible Plastic Packaging industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.
MRC recognizes the following companies as the key players in the global flexible plastic packaging market: Amcor, Bemis Company, Berry Global, and Huhtamaki
Other Prominent Vendors in the market are: Clondalkin Group Holdings BV, Constantia Flexibles, Coveris, Mondi, ProAmpac, DuPont, Innovia Films, Reynolds Group, Sealed Air, and Sonoco
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Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Growing market consolidation. The fragmented nature of the market and high competitive pressure from large vendors are forcing the small players to combine with the large ones through mergers or acquisitions. This is encouraged by the large players as they can expand their market presence and enter new markets. Mergers and acquisitions help small players adopt new technologies from the large players to survive in the competitive market.”
According to the report, one of the major drivers for this market is Growing global plastic film market. The global plastic film market is anticipated to grow 5%-6% during the forecast period. The food segment is expected to show a higher demand for flexible plastic films. Flexible plastics films can be used as stretch films and shrink films to be used in wrapping processed food items, meat, and vegetables. There are certain properties of plastic films which improve the shelf life of food items. In addition, the plastic film can reduce the overall transportation and warehouse cost in comparison with other types of packaging.
Further, the report states that one of the major factors hindering the growth of this market is Volatility in polymer prices. The global polymer industry is facing a reduction in polymer prices since the past few years. Low energy and feedstock cost are the major reasons for the declining polymer prices. In addition, the reducing crude oil prices will also reflect on the polymer price since polymers are the byproducts of crude oils. For example, in 2016, the price of polyvinylidene chloride (PVDC) and EVOH polymer declined by around $0.1-0.3 per Kg. In the same year, the polyvinyl alcohol (PVA) prices decreased by around $0.2-$0.4 per kg. The reduction in polymer prices is expected to help flexible plastic packaging manufacturers reduce their overall purchasing and operational costs, besides encouraging them to purchase polymer in bulk.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments. It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.
Key Topics Covered in the Report:
- Comprehensive overview of parent market with market definition, classification
- Recognition of factors influencing the market scenarios and analysis of market drivers, barriers, and their impact on the market growth
- Current and future market trends, market scope and detailed market segmentation on the basis of application, region, and competitive scenario
- Value Chain Analysis, Strategic insights, and market estimations
- Facts, stats, historical data, market size forecast regarding volume and value
- Analysis of competitive landscape and assessments on a regional scale with company profiles of leading market players, finance metrics, product offerings and key business strategies and growth prospects for the projected period
- Insights on prospective opportunities and challenges, success and risk
The report brings to your attention analysis of the Flexible Plastic Packaging market in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions. It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.
Report Details @https://marketreportscenter.com/reports/562330/global-flexible-plastic-packaging-market-2017-2021
Market Scope
The research report takes different facets into consideration to scrutinize the global Flexible Plastic Packaging industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.
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