Flexible Paper for F&B Packaging Market: Overview
Flexible paper packaging not only plays a crucial role in eliminating beverage and food waste but also allows online brands to reinvigorate their packaging and improve the e-commerce experience. Compared with other materials, including metals and plastics, flexible paper packaging materials can be quickly reused and recycled. Therefore, flexible paper packaging is considered the most environmentally friendly and cost-effective types of packaging. Rising increase in consumer consciousness about the adverse effects of plastic on the environment, the increasing demand for flexible paper packaging is helping to expand the paper packaging industry.
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The US Dairy Export Council (USDEC) and the Food Innovation and Resource Centre (FIRC) at Singapore Polytechnic are exploiting the increasing market for dairy by using US dairy ingredients to produce Southeast Asian products with reduced salt and sugar. Flexible paper packaging products are increasingly favoured, as they can be recycled easily. Due to increased demand for flexible paper packaging from diverse end-user industries such as food and beverage, pharmaceuticals and electronics, the global flexible paper packaging market will increase steadily over the forecast period.
Flexible Paper for F&B Packaging Market: Dynamics
Food and Beverage Industry to surge the market growth of Flexible Paper Packaging
The paper packaging in the grocery industry’s is principal commodity. Flexible paper packaging is environmentally friendly and increases customer comfort. Despite of this, there is considerable competition between the players in the food and beverage industry, who provide customers with quality goods. There are various packaging products available on the market, such as corrugated boxes and cardboard boxes, to satisfy the varied packaging needs.
There is intense competition in the food industry between the quality-product suppliers. Each of these factors, numerous food industry producers continuously produce and supply high quality goods. The number of hypermarkets and supermarkets is on the rise. This consideration will be one of the main drivers of demand for flexible paper packaging and paperboard containers. That, in effect, will substantially drive future for flexible paper packaging market growth.
Most of the grocery stores use flexible paper packaging materials for food storage and product retention. As the number of customers purchasing foodstuffs (such as frozen and chilled foods) increases, the flexible paper packaging industry is expected to see growth in the future.
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Flexible Paper for F&B Packaging Market: Segmentation
Globally, the flexible paper for F&B packaging market is divided on the basis of material, application, & End-Use Industry
On the basis of Product type, the global Flexible Paper for F&B Packaging market is segmented into:
- Container board
- Corrugated board
- Kraft Paperboard
- Other Product Types
On the basis of End-Use Industry, the global Flexible Paper for F&B Packaging market is segmented into:
- Personal Care and Home Care
- Other End-user Industries
Flexible Paper for F&B Packaging Market: Regional Outlook
Asia-Pacific is expected to grow substantially. The growing number of manufacturing plants in the world, combined with the increasing consumerism and Asia Pacific transit paper packaging industry, is leading to the growth of the flexible paper packaging markets. The region is expected to be the rapidly growing market, due to the rising demand for paper pulp in developing countries such as China and India. The transit flexible paper packaging market in China is rising, coupled with growing consumerism, which leads to an increasing demand for flexible paper packaging.
Demand for flexible paper packaging has increased in MEA region & Europe far more than anywhere else in the world. Along with this need for flexible paper packaging, there is also a growing demand for recycled paper.
In the developing logistics sector, exports are increasing, as corrugated boxes are expected to dominate the flexible paper packaging market in this area. Because of strong growth in sectors such as fast-moving consumer goods (FMCG) and cosmetics, the rapidly increasing middle-class population is also increasing to raise the region’s demand for flexible paper packaging.
Flexible Paper for F&B Packaging Market: Key Players
- WestRock Inc.
- International Paper Company Inc.
- Kapstone LLC
- Evergreen Group (Reynolds Group Holding Ltd)
- Packaging Corporation of America
- Amcor Ltd
- Mondi Group
- Sappi Ltd
- DS Smith PLC
- Sonoco Corporation
COVID-19 impact on Flexible Paper for F&B Packaging Market
The pandemic of the Covid-19 or coronavirus has had a major effect on the flexible paper packaging industry. Self-isolation policies have resulted in shortages of supplies and cancelations of events and supply chains are looking to shift supply chains away from China after delays in trade and distribution.
One of the key concerns in the flexible paper packaging industry is that workers must separate themselves, especially in China, where many packaging companies rely on facilities for manufacturing. Australian supermarket heads have warned during the period of coronavirus that flexible paper packaging supplies are in danger of becoming difficult to obtain due to closures of factories in China.
Self-isolation and quarantining as a result of Covid-19 also means the cancelation or postponement of significant global flexible paper packaging activities, such as Germany-based Interpak and Amsterdam-based Plastics Recycling Display Europe.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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