Industrial Labels Market growth by Recent Developments and Business Outlook 2022–2030

 Flexible Plastic Packaging Market

The Flexible Plastic Packaging Market is projected to be worth USD 390 billion by 2028, registering a CAGR of 5.5% during the forecast period (2022–2028).

The use of lightweight, flexible plastic packaging market growth enables cascading benefits, such as extending food life without refrigeration, reducing transportation emissions, and delivering snack-size meals that help prevent food waste. Using plastic, as opposed to alternative materials in consumer goods and packaging, is estimated to keep the environmental costs to nearly four times less than they would be otherwise. Further, there are many more aspects of flexible plastic packaging that has given a fillip to its market through rising demand. Durability, convenience, cost-effectiveness, design-ability, and eco-friendliness, and more are some most extravagant aspects that have made plastics a darling for manufacturers, all over the world. 

For consumers, flexible plastic packaging has some of the best following advantages to offer those are as follows — 

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It is lightweight and convenient; therefore, it could be carried around without any hassle.

It is more cost-effective than any other packaging solution.

The materials used also allows plastic packing products of any shape, design color, size as well as volume.

Slider Zipper pouches are one of the most effective flexible plastic packaging solutions that let reclosing of the product without compromising the quality of the product. These results in adding to the functional advantage of using flexible plastics for efficient packaging.

Intelligent and smart, flexible plastic packaging is further known for ensuring protection from contamination and spoilage of food.

Flexible plastic packaging is sustainable and can be recycled relatively easily for a maximum period.

In a country like India, among the rest of the world, a majority of FMCG and household products are welcome with wrapped and packed in plastics. The plastic packaging presentation of consumer goods has been increasing at a swift rate.

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Recently a market research company ‘Market Research Future’ has stated in its latest report that the flexible plastic packaging market is expected to keep rising with market size of ~USD 129 billion by the end of the estimated years of expansion (2017–2023) with CAGR of ~5.2%. The market will eventually wear out optimistically in the future. It also states that the market forecasts that the flexible plastic packaging market in India will be growing at a CAGR of 24.21% over the same period of expansion. These research figures, coupled with the growing demand for flexible plastic packaging, ascertain that the industry is firmly on the upward trajectory, and the modern consumer is totally obsessed with it.

Many of India’s largest flexible plastic packaging companies strongly believe that the most significant advancement in the field of packaging is flexible packaging. The companies have always been working towards creating sustainable options of flexible plastic packaging that bring immense value to the customers. Being on the edge of innovation, the companies offer packaging solutions to top-notch brands of the world that sell the products safe and fresh. With continuing RD for bringing safer, environment-friendly, and innovative packaging, the companies remain committed to smart and sustainable packaging solutions at the most competitive price.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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