North Am flex-pack market to reach $51.2 billion by 2025, up 3.16% CAGR: new study
Plastics are the most preferred materials, in terms of packaging applications, due to factors, such as performance, durability, and cost-effectiveness.
There is a high demand for flexible packaging in the beverage sector, due to factors, such as ease of handling and reduced production and shipment costs. However, the quality of beverages is affected by pH, storage temperature, pressure, and presence of contaminants; any changes in the levels can alter the composition of the beverage. Companies are increasingly employing flexible packaging products with properties, such as barrier resistance (to heat, moisture, and bacteria), to eliminate possible oxidation.
Companies mentioned in the report include Sealed Air Corp., Tetra Pak, Constantia Flexibles, Winpak Ltd., Amcor Plc., Mondi PLC, Transcontinental Inc., American Packaging Corporation, Sit Group SpA, Toppan Printing Co. Ltd, Printpack Inc., Sigma Plastics Group Inc., Novolex Holdings Inc. and Berry Global Inc.