LONDON--(BUSINESS WIRE)--The flexible plastic packaging market is expected to grow by USD 34.02 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the flexible plastic packaging market in optimistic, probable, and pessimistic forecast scenarios.
The flexible plastic packaging market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
Enterprises will go through Respond, Recover and Renew phases. Download free report sample
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Two Flexible Plastic Packaging Market Participants:
Berry Global Group Inc
Berry Global Group Inc. operates its business under segments such as consumer Packaging International, consumer Packaging North America and engineered Materials. The company offers flexible plastic packaging under the brands Rigid Lens, Fortitude, WinLock, Clear-seal, SteamQuick, Cutterbox, and others.
Amcor Plc
Amcor Plc. operates its business under segments such as flexibles and rigid packaging and others. The company offers flexible plastic packagings under the brands Vento, AmLite Ultra, Charta, AmLite HeatfFlex, and others.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/ Flexible plastic packaging market market-industry-analysis
Flexible Plastic Packaging Market 2020-2024: Segmentation
Flexible plastic packaging market is segmented as below:
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Product
- Pouches and bags
- Films and wraps
- Others
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End-User
- Food and beverage
- Healthcare
- Others
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Geography
- North America
- Europe
- APAC
- MEA
- South America
The flexible plastic packaging market is driven by the rising focus on improving the shelf life of products. In addition, other factors such as the shift from rigid packaging to flexible plastic packaging and the growing popularity of flexible bioplastic packaging are expected to trigger the flexible plastic packaging market toward witnessing a CAGR of over 4% during the forecast period.
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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