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Report Buyer, the online destination for business intelligence for major industry sectors, has added a market report

According to the report “Converted Flexible Packaging: Forecasts for 2013 & 2018 in 20 countries” available at http://www.reportbuyer.com/go/FED00164 worldwide demand for converted flexible packaging is forecast to grow 3.6 percent per year to over 19 million metric tons in 2013, faster than real (inflation-adjusted) gains in GDP. Factors contributing to rising converted flexible packaging demand include growth in food and beverage shipments, which represent the largest market by far. In addition, cost performance and source reduction advantages, as well as ongoing developments in high-barrier resins and value added features, will continue to favour flexible packaging products over their rigid counterparts.

However, gains will be limited by the mature state of the packaging industry in developed areas such as the US, Western Europe and Japan, where the main markets for flexible packaging (i.e., food, pharmaceuticals, cosmetics) are well established. Material downgauging will also restrain volume gains. Nonetheless, demand for converted flexible packaging will benefit from the products’ environmentally friendly image (as they are often associated with reduced packaging efforts), as well as cost advantages compared to rigid containers.

The report states that the fastest increases will occur in the world’s developing regions. Asia, Latin America, Eastern Europe and the Africa/ Mideast region will all outpace the global average. Some of the best gains are expected in China, which has now surpassed Japan as the world’s second largest converted flexible packaging market (behind the US); and India, which will benefit from strong growth in domestic output and consumer product markets, as well as greater investment in state-of-the-art manufacturing equipment, resulting in improved product quality.

The report “Converted Flexible Packaging: Forecasts for 2013 & 2018 in 20 countries” is available from Report Buyer at:

http://www.reportbuyer.com/industry_manufacturing/packaging/converted_flexible_packaging.html

Report Buyer product ID: FED00164

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