Bangalore, India — Worldwide sales for flexible packaging are expected to increase 3.9 percent, compounded annually, by 2025, according to Valuates Reports, which anticipates sales to hit $194 billion by the end of the forecast period.
Technical advances such as plastic-based flexible pouches and sachets are expected to open new growth avenues for sector, the market research company reports. Plastic films are projected to have the highest growth in the coming five years because of high label visibility, ability to protect against oxidation and other properties that improve shelf life.
Because of its high volume of exports, the Asia-Pacific region is anticipated to be the primary growth market during the forecast period. North America is expected to retain the second largest market share, as the region has seen substantial growth in the sector, according to Valuates Reports.