The global flexible packaging market size is expected to reach USD 293.03 billion by 2022, according to a new report by Grand View Research Inc. The research firm expect4s the market growth to progress at a compound annual rate of 4.7% during the forecast period and cites growing demand for the product in the food and beverage sector is expected to stir up the growth of the market over the forecast period.
They found that brands are focusing on innovation and launching products in extremely small size packs such as pillow packs and sachets, which comprise diverse products from shampoos, conditioners, face creams and toothpastes to chewing tobacco and other related goods. In addition to this, savory snacks, condiments and biscuits have been launched in smaller packs to cater to the rural market.
Grand View Research Inc. is offering a sample copy of the report. To request a sample or learn more about the report, visit https://www.grandviewresearch.com/industry-analysis/global-flexible-packaging-market