20th October,
2018 - Flex
Pack Coatings Market is extensively used in many countries of
the world. It is used to package a broad spectrum of products such as processed
meat, processed cheese, bulk liquids, fresh red meats, cake mix, coffee,
medical device, films, snacks and others. A typical package may be designed of
several layers such as PET, Printed, Primer coating, LDPE, and Foil. Retort
packaging is a different construction that requires two coatings such as PET,
printed, adhesive coating, Foil, Primer coating and LDPE. The foil acts as a
barrier layer and may be served as an alternative such as metalized PET, Nylon,
and EVOH depending on the type of barrier required.
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On the basis of packaging
type, the global flex pack coatings market is segmented into pouches, bags,
boxes, over wrap and blisters. From the commercial point of view, rise in
demand for packaging solutions from industries such as food and beverage,
cosmetics, pharmaceutical, electronics and lubricants have enabled expansion
for the flex pack coatings market. Flex pack coating can be utilized to serve
information to customers regarding the product and the manufacturing company.
Apart, with the favorable factors around the flexible packaging coatings
industry is set to grow at a higher CAGR during the forecast period.
The key driving factors
responsible for the growth of flex pack coatings market includes growing demand
for flexible packaging products. Additionally, the need for storing products to
increase product shelf life and the growing demand for lightweight and compact
items coupled with increased preference of e-commerce for procuring goods is
stimulating the market growth. Moreover, eco-conscious consumers prefer
eco-friendly products owing to environment protection initiatives. Hence, the
demand for flex pack coatings is growing enormously at a higher CAGR. However,
growing concerns among regulatory bodies regarding the plastic waste caused by
extensive use of flex pack coatings is likely to impede the market growth
during the forecast period. On the basis of material, the global flex pack
coatings market is segmented into polyvinyl chloride, polyethylene,
polyethylene terephthalate and polypropylene. On the basis of end-use industry,
the global flex pack coatings market is segmented into food & beverage,
pharmaceutical, household products, personal care & cosmetics, industrial
packaging, electronics and oils and lubricants.
On the basis of geographic
segmentation, the global flex pack coatings market spans North America, Latin
America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan,
Middle-East and Africa. North America dominates the global market in terms of
demand for flex pack coating. The Latin American market is anticipated to grow
during the forecast period owing to growing consumer preference for lightweight
products. The key players in the global flex pack coatings market include
Innovative FlexPak LLC, FPS Pty Ltd, Flex Film Ltd, Balmer Lawrie & Co.
Ltd, LEIPA Georg Leinfelder GmbH, Uflex Ltd, Bemis Co. Inc., Berry Plastics Corp.,
Sigma Plastics Group, Sealed Air Corp, DuPont Co, Winpak Ltd, etc.
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