Expanded Polystyrene (EPS) Market Is Anticipated to Witness Higher Demands Till 2025

San Francisco, 29 April 2019 –  “Expanded Polystyrene (EPS) Market Analysis By Product, By Application (Construction, Automotive, Packaging), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, [2018 – 2025]

The global expanded polystyrene market is projected to reach approximately USD 12.97 billion by 2025, according to a new report conducted by Grand View Research, Inc. Rising growth of millennials and nuclear families as well increase in disposable income towards consumption of single use EPS containers provided by urban food outlets and takeaway stations is expected to promote the usage of expanded polystyrene. In addition, innovation in automotive sector including making cars more light weight and fuel efficient by global car manufacturers will propel to the growth of EPS over the forecast period.

EPS demand in packaging industry are projected to grow at a CAGR of 5.0% from 2016 to 2025. High rate of manufacturing capabilities across developing nations, growing rate of exports across nations, and future growth in high rate of e-commerce business is projected to keep extensive market reach for packaging products over the next nine years.

us-eps-market.png

The rate of inward migration in regions like Europe, and North America will eventually increase the rate of residence complexes aided by employment and spending capabilities among consumers, which will surge the growth of construction sector as well as fuel to the demand for EPS over the projected period.The concept of Green building which requires extensive application of processes that includes efficient use of energy, protecting occupant’s health, as well as reducing waste, pollution, and environmental degradation is expected to be one of the major driving factors for the growth of EPS.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/expanded-polystyrene-eps-market

Further key findings from the report suggest:

  • Demand for EPS in North America will surge in accordance with growth in automotive and packaging sector having a CAGR of 4.5% in terms of its application. Mature market such as U.S. have expanding client request, greater interest in terms of innovations, as well as implementation of designs.
  • EPS growth in MEA region is expected to witness growth with focus on exports of apparels, citrus fruits, foodstuffs, electronic equipment well as jewelry adding to a revenue growth of 5.4% by 2025.
  • White EPS demand will increase over the projected period as emerging markets are investing on developing manufacturing and packaging plants for global and domestic trade
  • Grey EPS is set to witness a CAGR of 5.4% from 2017 to 2025 in terms of revenue on account of its application in construction of residential buildings. The properties of insulation derived from graphite mixed expanded polystyrene is a key driver for its growth over the forecast period.
  • Key vendors include BASF, SABIC, DOW chemicals, NOVA Chemicals, TOTAL SA, Versalis S.P.A., Unipol Holland BV, Ravago group, Alpek S.A.B. De Cv, Styrochem, Brodr Sunde group, Synthos SA, Sunpor Kunststoff GMBH, Kaneka Corporation, and ACH foam technologies. In May,2017, Total inaugurated its Carling petroleum complex, which increased polystyrene production capacity leading in Europe, upgraded Polyethylene unit to cater the health care market by delivering advance plastics., and producing lighter plastics for automotive market reducing the consumption of steel.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers

Grand View Research has segmented the expanded polystyrene market on the basis of product and application:

Expanded Polystyrene Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

  • White
  • Grey

Expanded Polystyrene Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

  • Construction
  • Packaging
  • Automotive
  • Others

Expanded Polystyrene Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & Africa (MEA)

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-expanded-polystyrene-eps-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Palm Methyl Ester Derivatives Market Anticipated to Achieve Profitable Growth by 2025

San Francisco, 17 April 2019 –  “Palm Methyl Ester Derivative Market By Product (Methyl Caprylate, Methyl Laurate, Methyl Myristate, Methyl Palmitate, Methyl Stearate, Methyl Oleate, Methyl Linoleate), By Source, And Segment Forecasts, [2018 – 2025]”

The global palm methyl ester derivatives market is anticipated to reach USD 1.01 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for CPO and PKO derived products from a wide range of sectors including personal care, home care, and food along with other industrial products such as adhesives, lubricants, paints, coatings, and inks is expected to influence product demand over the forecast period.

Palm methyl ester derivatives are essentially oleochemicals processed from CPO and PKO, leading to greater global demand driven by sustainability along with environmental and health concerns. Rising consumer preference for natural ingredients and process sustainability in personal care, food, and other sectors is also anticipated to boost product demand.

In the past few years, the industry has witnessed increasing investments in R&D activities for the development of biodegradable products, which can substitute the petroleum-based ones. This, in turn, has led to increased dependence on these specialty chemicals. Some of the major application sectors of the products include homecare, personal care, and cosmetic products.

Methyl oleate held the largest share in the market and is expected to continue its dominance over the forecast period. The increasing use of the product as solvents in industrial cleaners, as surfactants in personal care products, as solvents & defamers in the production of inks and coatings and as a lubricant for metal cleaning & precision metal cleaning are expected to be the major factors driving oleate demand over the forecast period.

Palm Methyl Ester Derivative Market

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/palm-methyl-ester-derivative-market

Further key findings from the report suggest:

  • The collective demand for palm methyl ester derivatives globally was 204 kilo tons in 2016 and is expected to grow at a CAGR of around 5.3% from 2017 to 2025 to exceed a total volume of over 320 kilo tons by 2025
  • Crude palm oil (CPO) was the largest source for these derivatives while accounting for over 60% of the total revenue in 2015
  • Personal care & cosmetics was the largest application segment for methyl laurate with a demand of over USD 32 million in 2016
  • Asia Pacific is expected to be the largest regional market with a projected demand of around USD 575 million by 2025
  • The industry is dominated by a few multinational corporations such as Peter Cremer North America, Carotino Group, KLK OLEO, Ecogreen Oleochemicals, and Kao Corporation with significant presence across the value chain
  • Companies such as P&G Chemicals, VVF, and KLK Oleo are integrated throughout the value chain from manufacturing of raw materials for downstream chemicals to finished products such as detergents, soaps, and personal care products.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers

Grand View Research has segmented the global palm methyl ester derivative market on the basis of source, product, application and region:

Palm Methyl Ester Derivatives Source Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • Crude Palm Oil (CPO)
  • Palm Kernel Oil (PKO)

Palm Methyl Ester Derivatives Product Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • Methyl Caprylate
    • By Application
      • Fatty Alcohols
      • Solvent/Co-solvent
      • Agriculture
      • Personal care & cosmetics
      • Lubricant & addition
      • Foods
      • Others
    • Methyl Laurate
      • By Application
        • Fatty Alcohols
        • Solvent/Co-solvent
        • Chemical Synthesis
        • Personal care & cosmetics
        • Paints & inks
        • Others
      • Methyl Myristate
        • By Application
          • Fatty Alcohols/ Fatty methyl ester sulfonates (FMES)
          • Detergent
          • Lubricant
          • Personal care & Cosmetics
          • Others
        • Methyl Palmitate
          • By Application
            • Detergent
            • Lubricant & additives
            • Food & Beverage
            • Personal care & Cosmetics
            • Others
          • Methyl Stearate
            • By Application
              • Soaps & Detergent
              • Lubricant & additives
              • Food
              • Personal care & Cosmetics
              • Others
            • Methyl Oleate
              • By Application
                • Fatty Alcohols
                • Solvent/Co-solvent
                • Soaps & Detergent
                • Lubricant & additives
                • Personal care & Cosmetics
                • Others
              • Methyl Linoleate
                • By Application
                  • Solvent/Co-solvent
                  • Soaps & Detergent
                  • Personal care & Cosmetics
                  • Food
                  • Others

Palm Methyl Ester Derivatives Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • South Asia Countries
  • Central & South America
    • Brazil
    • Colombia
  • Middle East & Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-nano-calcium-carbonate-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

 

Biodegradable Plastics Market Strategy, Distributors & Manufacturing Cost Analysis Till 2025

San Francisco, 5 March 2019 –  “Biodegradable Plastics Market Size, Share & Trends Analysis Report By Type (Starch based, PLA, PHA, PBAT, PBS), By End Use (Packaging, Consumer Goods, Agriculture), And Segment Forecasts, [2018 – 2025]”

The global biodegradable plastics market size is projected to reach USD 6.73 billion by 2025, according to a report by Grand View Research, Inc., rising at a CAGR of 12.8% during the forecast period. Increasing use of biodegradable plastics, owing to strict governmental laws for prohibiting use of conventional plastics, coupled with growing awareness among public towards ill-effects of plastic waste is stoking the growth of the market. The above factors are expected to spur biodegradable plastics market growth over the forecast period.

Biodegradable plastics are plastics which decompose in the environment within a reasonable period of time. Biodegradable plastics are made up of renewable raw materials. Many of these plastics require biodegradable additives to enhance biodegradation process and some may require a specific environment to disintegrate. Time taken by plastics to decompose depends upon various factors such as raw material used and environmental conditions such as moisture and temperature.

Biodegradable Plastics Market

The starch based segment lead the global biodegradable market. Starch based plastics are used in various applications such as packaging, consumer electronics, agriculture, automotive and textiles. PLA is also one of the most consumed biodegradable plastic type. It is used in 3D printing, mulch film, and packaging.

Packaging is the leading end use of biodegradable plastics. Ban on plastics by European Commission is anticipated to drive the segment over the forecast period. Novel applications of biodegradable plastics in the medical sector for drug encapsulation and medical surgeries are being increasingly practiced.

Around the world, people are facing grave issues of plastic waste as conventional plastics take hundreds of years to decompose. To tackle this issue several countries have banned use of single-use plastic products and are promoting use of eco-friendly biodegradable plastics. Ban of non-reusable conventional plastics in many regions around the globe, especially in Europe and North America is estimated to propel the global biodegradable plastics market.  Additionally, improving standard of living and increasing disposable income in developing countries are likely to augur well for the market in Asia Pacific and Central & South America.

Key players are investing in research and development activities in order to create improved products that are strong and can be easily decomposed in natural environment. Many of the companies have integrated through the value chain to serve customers better and improve profits of the company.

Browse Research Report On Biodegradable Plastics Market :
www.grandviewresearch.com/industry-analysis/biodegradable-plastics-market

Further key findings from the report suggest:

  • The PHA segment is projected to expand at a noteworthy CAGR of 13.5% in terms of revenue during the forecast period
  • The packaging is the largest end-use segment, followed by the agriculture sector
  • Europe is the largest region in terms of value and volume. However, Asia Pacific is expected to emerge as the fastest growing region for biodegradable plastics.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers

Grand View Research has segmented the global biodegradable plastics market on the basis of type, end use, and region:

Biodegradable Plastics Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 – 2025)

  • Starch Based
  • PLA
  • PBS
  • PBAT
  • PHA
  • Others

Biodegradable Plastics End-use Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 – 2025)

  • Packaging
  • Agriculture
  • Consumer Goods
  • Others

Biodegradable Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
  • Central & South America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-biodegradable-plastics-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Nitrile Butadiene Rubber Powder Market Analysis To Reach $461.8 Million By 2020

San Francisco, 8 January 2019 –  “Nitrile Butadiene Rubber (NBR) Powder Market Analysis By Product (Linear, Cross-Linked), By Application (PVC Modifier, Automotive, Construction, Footwear, Consumer Goods) And Segment Forecasts To 2020”

Nitrile butadiene rubber (NBR) powder market is expected to reach USD 461.8 million by 2020, according to a new study by Grand View Research, Inc. Increasing modified plastics use in automobile applications coupled with growing automotive industry is expected to be a key factor responsible for high NBR powder demand. Increasing NBR powder use in adhesives, sealants and gasket manufacturing primarily due to high wear & impact resistance coupled with superior mechanical & thermal properties is expected to further influence market growth in the next six years.

nitrile butadiene rubber powder market

Adverse health effect of phthalates is resulting in reduced NBR powder use in PVC modification. Increasing use of TPO & TPE as active substitutes is expected to negatively impact the market over the forecast period. PVC modification was the most dominant application segment for the NBR powder market with estimated demand of over 35.0 kilo tons in 2013 and is expected to witness significant reduction in market share by 2020.

Browse Research Report On Nitrile Butadiene Rubber Powder Market :
www.grandviewresearch.com/industry-analysis/nitrile-butadiene-rubber-nbr-powder-market

Further key findings from the study suggest:

  • Global NBR powder demand was estimated at 77.7 kilo tons in 2013 and is expected to reach 111.7 kilo tons, growing at a CAGR of 5.3% from 2014 to 2020.
  • Cross-linked NBR powder is extensively used in high end automotive applications requiring high durability, mechanical strength and thermal properties. Growing application segment is expected to drive cross-linked powder demand over the forecast period. The segment is expected to witness fastest growth at a CAGR of 5.4% from 2014 to 2020.
  • Automotive application of NBR powder is expected to witness fastest growth on account of growing automotive industry in emerging markets including Mexico, China and India. Increasing automobile demand globally is expected to further promote market growth. The application segment had an estimated demand of over 20.0 kilo tons in 2013 and is expected to grow at a CAGR of 5.7% from 2014 to 2020.
  • Asia Pacific was a lucrative regional market with opportunities in automotive, construction and consumer goods industries. India and China are among the emerging economies of the world and hence are witnessing significant growth in the above mentioned industries. Automobile manufacturers are shifting bases from Europe to China owing to low cost skilled labor and improving infrastructure resulting in growing automobile industry thereby impacting the NBR powder market. The region accounted for over 40% of the total market and is expected to witness increased share over the next six years.
  • NBR market participants such as Nitriflex, Lanxess AG and LG Chem contribute to a major share resulting in an oligopolistic market. Companies are focusing on continuous product and application development which results in high degree of rivalry.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers

Grand View Research has segmented the global NBR powder market on the basis of product, application and region:

NBR Powder Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • Linear
  • Cross-linked

NBR Powder Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • PVC Modification
  • Automotive
  • Buildings
  • Footwear
  • Consumer Goods
  • Others

NBR Powder Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-nitrile-butadiene-rubber-nbr-powder-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Matting Agents Market Manufacturing Cost and Raw Materials Analysis from [2018 – 2025]

San Francisco, 3 January 2019 –  “Matting Agents Market Analysis By Product (Organic (Waxes, Thermoplastics), Inorganic (Silica)), By Application (Industrial coatings, Wood Coatings, Leather Coatings, Architectural Coatings), And Segment Forecasts, [2018 – 2025]”

The global matting agents market is anticipated to reach USD 1.05 billion by 2025, according to a new report by Grand View Research, Inc. The growth of global paints and coatings industry coupled with its usage in industrial and architectural applications is expected to fuel the market growth over the forecast period.

Matting agents alter the surface properties of an application, resulting in diffusion of incident light. These phenomena result in gloss reduction thus causing matting effect. They are available in various forms such as powders, dispersions, compounds and blends thus facilitating their easy usage.

Matting Agents Market.jpg

The additives impart an authentic look to the surface. Furthermore, they can exhibit properties such as scratch, weathering, and water resistance to the coatings. Such inherent advantages are expected to result in market growth globally. Strong demand for industrial applications in emerging countries such as China and India is expected to benefit the overall market growth.

Silica-based products occupied a major market share in 2015. Companies have developed products which can be used in conjunction with organic type such as waxes, to enhance the product performance. Major market participants are maintaining modern laboratories to carry out R&D activities for product development. Also, efforts are being taken by companies in the development of technical partnerships with its customers.

Browse Research Report On Matting Agents Market :
www.grandviewresearch.com/industry-analysis/matting-agents-market

Further Key Findings from the Study Suggest:

  • Matting agents have little effect on rheology, viscosity, and elasticity, provides good haptic properties and imparts a smooth feel to the surface. Thus these advantages are expected to contribute to a rise in market demand.
  • Demand from powder coating formulation is expected to witness the highest estimated CAGR of 6.0% from 2016 to 2025. This formulation type is witnessing a demand rise due to its cost effectiveness thus benefitting the market growth for matting agents.
  • Architectural coatings application segment dominated the market in 2015 and is expected to witness a CAGR of 5.5% from 2016 to 2025.
  • In terms of volume, Asia Pacific region had the highest penetration in 2015.Increasing industrialization in the region is expected to contribute significantly to the global matting agents market demand.
  • Major industry participants include PPG, Deuteron, W.R. Grace & Co., Huber Engineered Materials, and Evonik Industries among others

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers

Grand View Research has segmented the matting agents market on the basis of product, formulation, application and region:

Matting Agents Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 – 2025)

  • Organic
    • Waxes
    • Thermoplastics
  • Inorganic
    • Silica
    • Others

Matting Agents Formulation Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 – 2025)

  • Waterborne
  • Solventborne
  • Powder
  • UV
  • Others

Matting Agents Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 – 2025)

  • Industrial coatings
    • metals
    • papers
    • plastics
    • printing inks
    • Others
  • wood coatings
  • Leather coatings
  • Architectural coatings
  • Others

Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
  • Middle East and Africa
  • Central & South America

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-matting-agents-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Thermoplastic Polyolefins Market Worth $3.43 Billion By 2020 | Key Industry Players Dow Chemical Company (US), ExxonMobil (US)

San Francisco, 6 December 2018 – The global thermoplastic polyolefins (TPO) market is expected to reach USD 3.43 billion by 2020, according to a new study by Grand View Research, Inc. Increasing application scope in automotive and construction sectors of the emerging markets in Asia, especially China and India is expected to be a key growth factor for TPO. High capacity to demand ratio and raw material price fluctuations are expected to be key challenges for market participants.

Thermoplastic Polyolefins

Automotive industry is the largest TPO consumer, accounting for over 75% of total market in 2013. With further research conducted to explore its utility as feedstock and substitution, TPO market volume is expected to grow at a CAGR of 6.4% from 2014 to 2020. Robust growth is also expected for emerging applications such as packaging, construction and healthcare.

Browse Research Report On Thermoplastic Polyolefins  Market :
www.grandviewresearch.com/industry-analysis/thermoplastic-polyolefins-industry

Further key findings from the study suggest:

  • The global market for TPO was 866.2 kilo tons in 2013 and is expected to reach 1334.7 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020.
  • Automotive was the most dominant application for TPO as the segment accounted for 75.48% of total market volume in 2013 and is estimated to grow at a CAGR of 6.6% till 2020. Other applications including packaging, construction and other niche segments accounted for a consolidated 24.52% of the market volume for the same year.
  • North America and Asia Pacific have been leading in the volume consumption of TPO with shares of 37% and 35% respectively and their CAGR from 2014-2020 being 6.2% and 7% respectively.
  • Key companies in the market include Arkema SA, Chemtura, Dow Chemical Company, ExxonMobil and SABIC.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers

Grand View Research has segmented the TPO market on the basis of type, application and region:

Global Thermoplastic Polyolefins Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • Automotive
  • Others (Construction, packaging, healthcare)

Thermoplastic Polyolefins Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-thermoplastic-polyolefins

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

 

Flexible Packaging Market Future To Reach $293.03 Billion By 2022 | Leading Players Amcor Limited, BASF SE

San Francisco, 26 October 2018 – The global flexible packaging market size is expected to reach USD 293.03 billion by 2022, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.7% during the forecast period. Growing demand for the product in the food and beverage sector is expected to stir up the growth of the market over the forecast period.

Plastic is the most widely used raw material for flexible packaging. Rising adoption of compact packaging has given impetus to the demand for flexible bags and pouches, encouraging entry of new market participants in the near future. These materials have high potential in the market on account of rising consumer preference, low shipping costs, and less storage requirements.

north-america-flexible-packaging-market

Major companies focus on innovation to cater to target consumers by launching products in extremely small size packs such as pillow packs and sachets, which comprise diverse products from shampoos, conditioners, face creams, and toothpastes to chewing tobacco and other related goods. In addition to this, savory snacks, condiments, and biscuits have been launched in smaller packs to cater to the rural market.

Majority of the manufacturers are integrated across various stages of the value chain as the demand for the product is largely dependent on requirements of various applications including food & beverages, cosmetics, and pharmaceutical industries. Food and beverages is the largest application segment on account of rising demand for increased shelf life and easy disposal and variety of containers.

Browse Research Report On Flexible Packaging Market :
www.grandviewresearch.com/industry-analysis/global-flexible-packaging-market

Further Key Findings from the Report Suggest:

  • The global flexible packaging market is anticipated to reach 26,706.3 kilotons by 2022, rising at a CAGR of 3.8% from 2015 to 2022
  • In terms of revenue, the plastic segment is projected to exhibit a CAGR of 4.7% over the forecast period
  • The food and beverage industry dominated the market with a share of over 80% in 2014
  • The North America flexible packaging market is anticipated to exceed 5,207 kilotons by 2022
  • Europe is projected to witness a remarkable growth rate of 4.5% over the forecast period, owing to increasing demand from the food and beverage sector of the region
  • Asian countries especially India and China are expected to observe a remarkable growth in the coming years
  • The market is partially consolidated and competitive in nature, with presence of several global multinational players
  • Some of the key companies present in the market are Guardian Industries; Bemis Company, Inc.; Mondi; Huhtamaki Group; Amcor Limited; and BASF SE.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers

Grand View Research has segmented the global flexible packaging market report on the basis of raw material, application, and region:

Flexible Packaging Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2012 – 2022)

  • Paper
  • Aluminum foil
  • Plastic
  • Bioplastic

Flexible Packaging Application Outlook (Volume, Kilotons; Revenue, USD Million, 2012 – 2022)

  • Food & Beverages
  • Pharmaceutical
  • Cosmetics
  • Others

Flexible Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2012 – 2022)

  • North America
    • U.S.
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/flexible-packaging-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com