Europe Flexible Packaging Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report estimates that the flexible packaging market in Europe will advance in terms of revenue and volume at a compound annual growth rate of 4.47% and 3.85%, respectively, during 2022-2028. The United Kingdom, Spain, France, Germany, Italy, and the Rest of Europe form the market in this region.
The United Kingdom flexible packaging market is primarily driven by the escalating packaging and frozen food industry. Moreover, the supporting government policies are expected to increase the demand for flexible packaging solutions over the forecast period. The packaged and frozen food industry is among the leading sectors in the country. As per the International Trade Administration, the UK packaged, and frozen food industry accounts for around 20% of the total food industry. Therefore, these trends are expected to fuel the flexible packaging market on a progressive path.
Likewise, the increasing packaged and frozen food industry supports the adoption of flexible packaging in Spain. The high demand for flexible solutions mainly stems from their beneficial characteristics, such as large shelf life compared to rigid plastics. The packaging industry hosts around 2100 companies in the region, increasing employment on a large scale. Therefore, as mentioned above, these factors are fueling the flexible packaging market’s growth across the country.
COMPETITIVE OUTLOOK
Companies in the flexible packaging market include Okura Industrial, Kohjin Film & Chemicals Co Ltd, Sealed Air Corporation, EPAC, Korpack Corporation, Flair Flexible Packaging Corporation, and Handoo Package Co Ltd.
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