Flexible Lid Stock Packaging Market 2024-2028: Size and Stringent government regulations on reduction of packaging wastes; growth driven by the End-user, Some of key Companies Positioned Strategically

The flexible lid stock packaging market size by End-user (Food, Pharmaceutical, Personal care, and Beverage) and Geography (APAC, North America, Europe, South America, and Middle East and Africa), is forecast to increase by USD 2090.7 million. The market is expected to grow at a CAGR of   6.36% between 2024 and 2028.

• The flexible food packaging market is experiencing significant growth due to increasing consumer preference for convenient packaging solutions. However, this expansion is accompanied by mounting global concerns regarding plastic waste disposal and recycling, which are also on the rise. The surge in demand for takeaway and ready-to-eat (RTE) food is contributing to a growing issue of packaging waste. Plastic packaging materials, which are non-biodegradable, do not decompose like organic waste and can persist for centuries. To mitigate packaging waste, various regulations have been enacted, such as the EC Directive 94/62/EC, which aims to decrease packaging waste generation and promote the recycling and reusability of packaging materials.
• The Flexible Lid Stock Packaging Market represents a significant business opportunity for manufacturers and suppliers. This sector's growth is driven by the increasing demand for convenient, cost-effective, and eco-friendly packaging solutions. Flexible lid stock packaging offers advantages such as extended shelf life, improved product protection, and enhanced branding capabilities. Key players in this market focus on innovation, sustainability, and customer satisfaction to gain a competitive edge.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Amcor Plc
• Berry Global Inc.
• Constantia Flexibles Group GmbH
• Coveris Management GmbH
• DuPont de Nemours Inc.
• Fres-co System USA Inc.
• Glenroy Inc.
• Huhtamaki Oyj
• KP Holding GmbH and Co. KG
• Mondi Plc
• Sealed Air Corp.
• Sonoco Products Co.
• Toray Industries Inc.
• UFlex Ltd.
• WestRock Co.
• Wipak Group

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/