The global flexible lid stock packaging market is projected to grow at an exponential CAGR during the forecast year. “The growing concern regarding environmental sustainability has positively influenced the adoption of atmospheric protective packaging or modified atmosphere packaging (MAP). It is resistant to external oxygen and therefore, protects the food integrity and aids in maintaining the nutritional balance to extend their shelf life, without any use of preservatives.”
A major driver influencing flexible lid stock packaging market growth is the growing trend in serving small food serving sizes. The fitness-centric consumers are reconsidering their meal portion sizes on the overall intake of calories, along with the rising global concerns concerning improper waste disposal are driving the demand for flexible lid stock packaging solutions. The industry growth trend is estimated to continue in the future, driven by an increasing share of organized retail, and technological innovations in the market. Furthermore, the packaging industry is gaining momentum attributed to the technological derivations that enhance affordability, product shelf-life, and are lightweight.
Based on material type, the market has been segmented into paper & board, non-woven, aluminum foils, glass, tinplate, laminates, polymer films, and metalized polymer films. The manufacturing process industry includes extruded films, extrusion coating, laminations, and fluid coating. The flexible lid stock packaging market has identified its end-user industries across food and beverage, chemicals, dairy, health care, personal care, specialties, and others. Plastics dominated the market owing to its unique co-polymerization properties. Foods & fast moving goods are the largest consumers of flexible lid stock packaging solutions.
The comprehensive overview of the flexible lid stock market has identified North America, Latin America, the Middle East & Africa, Europe and the Asia Pacific as the key regions. The developing regions such as Asia Pacific and Africa exhibit fast development due to increasing global trades, growth in per capita income of people, altering health dynamics, changing lifestyle patterns, etc. India has strategized their foreign exchange standards as WTO rationalized international trade tariffs and has impelled a greater competition for innovation of technology and innovation in the global packaging market. Strong exports have enhanced industrial output and have in turn helped the growth of the retail market.
The flexible lid stock packaging industry is credited to be highly fragmented; however, the key layers were valued to hold a major part of the revenue share generated. The competitive landscape showcases the profiles and business strategies of the major players, along with their recent developments. Some of the dominant players operating in this market include Amcor, Berry Global, Bemis, Mondi, Constantia Flexibles, and Sealed Air among others.
The altering market dynamics can be attributed to major merger and acquisition activities, collaborations and joint ventures amongst the industry competitors. The emerging companies have identified raw material suppliers, buyers, research investors and distributors of the flexible lid stock packaging market. Altering consumer preference for ready-to-eat food products, processed edibles & beverage, and conducive government policies are propelling the overall sales of the market.
Leading players of Flexible Lid Stock Packaging including:
•Amcor Ltd. (Australia)
• Bemis Company, Inc. (U.S.)
• Berry Plastics Corporation (U.S.)
• Mondi plc. (Austria)
• Sonoco Products Company (U.S.)
• EP Industries Ltd. (England)
• Wipak Germany GmbH (Germany)
• Anchor Packaging Inc. (U.S.)
• Coveris Holdings S.A. (U.S.)
• Sealed Air Corporation (U.S.)
Market split by Type, can be divided into:
• Aluminum Foil
• Polymer Films
Market split by Application, can be divided into:
• Food & Beverages
• Personal Care
• Health Care
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA