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The flexible packaging industry in the Asia-Pacific region has considerable market potential

The flexible packaging industry in the Asia-Pacific region has considerable market potential

  • Categories:Trade News
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  • Time of issue:2021-08-25
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(Summary description)This requires all future products (including various packaging products) to make a fuss about the word "green" and work hard to develop and develop new green and environmentally friendly products with high technological content, and those who are not "green products" , I am afraid it will be difficult to occupy a place in the international and domestic markets in the future.

The flexible packaging industry in the Asia-Pacific region has considerable market potential

(Summary description)This requires all future products (including various packaging products) to make a fuss about the word "green" and work hard to develop and develop new green and environmentally friendly products with high technological content, and those who are not "green products" , I am afraid it will be difficult to occupy a place in the international and domestic markets in the future.

  • Categories:Trade News
  • Author:
  • Origin:
  • Time of issue:2021-08-25
  • Views:0
Information

In emerging markets, as consumer demand for daily necessities, food and beverage industries grows, Global Industry Analysts (Inc.) predicts that the global renewable flexible packaging market demand will reach 18.78 million tons in 2015, which is equivalent in value At 70.15 billion U.S. dollars. At the same time, product differentiation and innovation will continue to be the engine that promotes the development of the industry. In addition, prominent applications in the healthcare and pharmaceutical industries also provide opportunities for the growth of the flexible packaging market. In the next few years, the performance of the flexible packaging market in the Asia-Pacific region may be very eye-catching.     

   With the increase in product protection functions, the global packaging market has been deeply affected by technological innovation and progress. This is the key reason for the strong growth of the packaging industry for decades. This growth trend has only stagnated during the global economic recession in the past few years, and there was even a negative growth from 2008 to 2009. At the same time, the development of technology has simultaneously promoted the growth of consumers' demand for high-quality and convenient packaging, and eclectic packaging solutions have provided manufacturers and consumers with the packaging advantages of special products. There is no doubt that technological progress has profoundly affected the functions of packaging, making packaging not only limited to traditional needs, but also has more product protection functions.     

   The continuous upgrading and modernization of products provide great potential for the growth of flexible packaging (including renewable and non-renewable materials). The strong market demand for the use of renewable packaging such as convenience foods is helping to accelerate the process of replacing rigid and semi-rigid packaging materials. For example, convenient packaging bags are gradually replacing the application of multi-wall bags in the packaging of baked goods and snacks.

   Flexible packaging is gradually replacing some rigid containers. Flexible packaging represents environmental friendliness, ease of use and excellent product protection (including sealing quality and microwave heating durability), which will allow it to gain more market share. In recent years, the renewable flexible packaging markets around the world have maintained varying degrees of growth. The markets of the United States, Europe and Japan have shown steady growth for several consecutive years. In the developing Asian markets, such as India and China, a strong and complete sales industry chain has been formed. Huge market potential also exists in Eastern Europe, Latin America and the Middle East market.

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