Flexible Plastic Packaging Market share , Report Includes Dynamics, Regional Revenue Forecast, Products, and Application
Flexible Plastic Packaging Market Overview Flexible Plastic Packaging Market Size was valued at USD 200.13 Billion in 2021. The Flexible Plastic Packaging market industry is projected to grow from USD 227.96 Billion in 2022 to USD 450.65 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.89% during the forecast period (2022–2030). Flexible Plastic packages need a few resources so they are cheaper and easily available as compared to other packaging materials. Manufacturing plastic packages needs lesser fuel consumption so it is possible to save a significant amount of crude oil, natural gas, and coal. All these factors have contributed to the Flexible Plastic Packaging Market share significantly. The use of flexible plastic packaging increases the shelf-life of foods and beverages thus shipping and warehouse costs get saved. This is another reason for the continuous growth of this market throughout the globe. The steep rise in the consumption of processed foods...