Converted Flexible Packaging Market: A Global Strategic Business Report
San Jose, California (PRWEB) February 25, 2008
Increase in consumer incomes, economic recovery and westernization, improved lifestyles and marketing/retailing practices are likely to enhance demand for packaged consumer goods in most of the developing markets such as Asia, Latin America, Eastern Europe, Africa and the Middle East. Global converted flexible packaging materials market is likely to grow at CAGR of 4.13% over the period 2000 to 2010, as stated in a recent report published by Global Industry Analysts, Inc. Asia-Pacific dominates the global market for converted flexible packaging materials (CFPM) with a share of 28.59% estimated in the year 2007. North America and Europe, together account for over 48.11% of the global CFPM market. In Asia-Pacific, plastic films consumption in converted flexible packaging is expected to grow fastest, registering a CAGR of 8.69% over the period 2000-2010. Aluminum foil consumption in converted flexible packaging in Europe is portended to reach 141.89 thousand metric tons by the year 2010. World market for converted flexible packaging products is projected to reach US$69.8 billion by the year 2015. Asia-Pacific, Middle East, and Latin America represent fast growing markets. In the year 2007, converted flexible packaging products market in these three regions together was estimated at US$18.8 billion.
Trends in the food industry have a direct impact on the converted flexible packaging market as flexible materials and their styles are ideal for packaging most of the food products. New developments including Controlled/Modified Atmosphere Packaging (CAP/MAP) of meats, and resealable zippers on cheese pouches are likely to spur the demand for converted flexible packaging in the food sector. Pharmaceuticals, medical supplies, and medical devices account for about 25% of the total converted flexible packaging demand worldwide. Demand for CFP in non-food applications is projected to grow at a slower rate as compared to food packaging. However, CFP usage in these applications is likely to grow primarily owing to the adoption of source reduction strategies and usage of more esthetic packaging by manufacturers.
Major players in the marketplace include AEP Industries Inc, Rio Tinto Alcan, Amcor Limited, American Packaging Corporation, Bemis Company Inc., Clondalkin Group Plc, Constantia Packaging AG, Exopack LLC, Huhtamé Oyj, Mondi Group, Printpack Inc, Pliant Corporation, Rexam Plc, Sealed Air Corporation, Sonoco Products Company, United Flexibles GmbH, and Wipak Oy.
"Converted Flexible Packaging Market: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, end-use markets, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific, Middle East and Latin America. Analytics for the period 2000 through 2015 are provided in terms of product segments including Plastic Films (Polyethylene, Polypropylene, PVC and other Resins), Paper and Aluminum Foil.
For more details about this research report, please visit http://www.strategyr.com/Converted_Flexible_Packaging_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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