Flexible Packaging Market To Reach $125.66 Billion The global market for flexible packaging is projected to grow from $97.97 billion in 2016 to $125.66 billion by 2021, at an estimated Compound Annual Growth Rate of 5.11 percent from 2016 to 2021. The flexible packaging market is driven by growing end user indus- tries such as food & beverages, cosmetics & toiletries, healthcare, and others (household products, oil & lu- bricants, agricultural products, and sporting goods). On basis of material, the plastic films segment ac- counted for largest market share in 2015, according to the new report from RnR Market Research, and is projected to grow at highest rate during forecast pe- riod, in terms of both volume and value. This is pri- marily because of their high quality, low cost, and excellent barrier properties. Flexo Rules Flexography is the most widely used printing tech- nology among other technologies; in 2015, this seg- ment accounted for the largest share, in terms of both, volume and value.The digital printing technolo- gy segment is projected to grow at the highest rate by 2021.
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4 August 8, 2016 FlexoMarket News
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