Flexible Packaging Market - Forecast(2021 - 2026)
Flexible Packaging Market Overview: Since the inception of flexible films, the packaging industry has been disrupted towards acquiring astonishing potential. Flexible packaging owing to its peculiarities such as lightweight, flexibility, easy to dispose, ease of mobility, minimal space requirement, and resealing has been very profitably capitalizing upon relentlessly mounting population and globally innovating consumption trends. Owing to such developments and economical traits, the flexible packaging market has found a tremendous scope of application in F&B, domestic consumables, pharmaceuticals, and other sectors in which extended shelf life of products is mandatory. Abundant potential has driven this arcade towards a staggering market size of $220 billion as of 2018. Flexible packaging market taking the role of packaging way beyond just accommodating and conserving products, has been progressing at a global compound annual growth rate (CAGR) of 3.7% during the forecast period of...