Global Flexible Packaging Market Is Expected To Witness High Growth
Flexible Packaging Market The global Flexible Packaging Market is estimated to be valued at US$ 68.5 Bn in 2022 and is expected to exhibit a CAGR of 4.6% over the forecast period from 2022 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Flexible packaging products provide lightweight, cost-effective and sustainable packaging solutions for food, beverage, cosmetic and pharmaceutical industries. Flexible packaging helps extend shelf life of products and offer portion size convenience to consumers. Market key trends: One of the key trends driving growth of the flexible packaging market is the increasing demand for packaged foods and beverages. Flexible packaging is widely used to package snacks, ready-to-eat meals and various food and beverage products. Flexible packaging allows manufacturers to deliver portion controlled and customized packages as per demand of consumers. The flexibility of materials also allows packagers to efficiently