Global Flexible Packaging Market is expected to foresee significant growth. APAC to lead the growth!
The global flexible packaging market is expected to witness a significant CAGR of around 4% during the forecast period owing to the increase in demand for longer shelf life of products and rising demand for customer-friendly packaging. Moreover, an increase in consumers’ propensity to eat out and a growing number of innovative fast-food chains are the driving factors for chain QSRs segment. Thus, growing demand for packaged food coupled with the convenience of use and cost effectiveness of flexible packaging is expected to drive the market demand. Flexible packaging is the most efficient and cost-effective approach for preserving, distributing, and packaging food products, beverages, pharmaceuticals, and a variety of consumables. Furthermore, due to its numerous energy and environmental benefits, the packaging industry is shifting toward flexible packaging. Additionally, manufacturers have been compelled to provide environmentally friendly packaging choices that are safe and se...