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Flexible Packaging Market + Market Trends Analysis

The Flexible Packaging Market: Breaking Down Market Trends with Thought Leader Insights

The flexible packaging market has witnessed steady growth over recent years. As the demand for lightweight and aesthetically pleasing packaging rises, the market continues to grow. Increasing urbanization, population, and need for convenience are other crucial factors contributing to the growth of the flexible packaging market. In recent years, convenience, aesthetics, and mass production have been essential factors in increasing consumer satisfaction. Urbanization, particularly in the APAC region, and an increase in population has also led to higher demand for on-the-go, easy-to-use packaging.

Food is the largest end-use industry in the flexible packaging market and was one of the earliest industries to adopt flexible packaging. Due to this change, the industry has seen continued growth over recent years, as demand for convenient packaging for ready-to-eat packaged food, snacks, and frozen meals increased.

The flexible packaging market continuously experiences and witnesses a variety of market trends. These trends change as time, technology, and consumer preferences advance. More recently, issues of environmental safety, increasing innovation, convenient shopping habits, and changes in consumers’ demands have impacted the market.

These are continually evolving and changing trends that can be incredibly challenging for companies since they require change, innovation, and preparation to overcome efficiently. Therefore, many top market players leverage expertise on market trends analysis. This analysis allows companies to stay ahead of the trends and their competitors. In this article, Infiniti’s research experts answer questions regarding the most prominent trends in the flexible packaging market, while also highlighting the importance of market trends analysis for market players.   

The flexible packaging market is expected to grow in the coming years. To efficiently forecast and develop strategies for this market growth, request a free proposal.

Q&A: Flexible Packaging Market Trends        

How does the growing demand for sustainability affect the flexible packaging market?

Contrary to popular belief, the demand for sustainable packaging is a positive factor for the flexible packaging market. Rising concern regarding the environmental crisis and the technological developments in the field of sustainability has led to a steady increase in the demand for sustainable packaging over recent years. The rigid-to-flexible packaging conversion was a significant change in the market, and sustainable packaging is the next significant conversion.

Recyclable, bio-degradable, and cost-effective packaging solutions are being rapidly developed. This allows companies to reduce costs, keep customers satisfied, produce eco-friendly products, and reduce waste. Major brands across the globe are working towards developing sustainable packaging solutions. With initiatives such as these, the conversion to recyclable packaging will be faster and will act as a significant growth driver in this market.

What role does the food industry play in the flexible packaging market?

Food is the largest end-use industry in this market. There has been a recent, substantial increase in demand for ready-to-eat and on-the-go foods. As countries urbanize and populations increase, there is a higher need for convenient products and efficient processes. For instance, a flexible plastic pouch packaging helps consumers save space, time, and reduce waste, as opposed to rigid packaging of any form.

Processed fruits and vegetables, as well as baby food, are expected to outperform other segments of flexible food packaging. With the adoption of sustainable alternatives in flexible packaging, food packaging companies are likely to increase their use of flexible packaging. Sustainable packaging allows for a longer shelf-life, better aesthetic appeal, and higher consumer demand.

How crucial is innovation in the flexible packaging market?

With the increasing demand for eco-friendly and sustainable packaging, the flexible packaging market is constantly innovating. Developing efficient and cost-effective sustainable alternatives is crucial to the growth of the market. Additionally, plastic pouches are the most prominent segment in flexible packaging due to their high flexibility, ease-of-use, and light weight. Recently, there have been various innovations in plastic pouches. Tear notches, spouts, and resealable closures are the characteristics developed and modified the most.

Advances in manufacturing technology to lower production costs and increase the speed of production lines are essential for the growth of this market. Without innovation, growth in flexible packaging will stagnate. Constant innovation helps companies improve operations, understand market trends and challenges, and, most importantly, increase customer satisfaction.

How has a high demand for convenience changed the flexible packaging market?

As convenience becomes a necessity, consumers are searching for the most efficient alternatives to shopping from small grocery stores. Recently, supermarkets have become the preferred mode of shopping for consumers in the United States, due to the availability of multiple products in one area. Companies produce and deliver large inventory to supermarkets across the country, and this translates into a need for a high volume of flexible packaging.

Further, eCommerce has become a crucial focus for almost every industry due to the high level of convenience it provides. The food industry is one such industry, and flexible packaging allows for low-cost manufacturing, accessible transportation, and longer shelf-life. The growth of supermarket shopping and eCommerce has led to an increased need for flexible packaging across industries.

Gain further in-depth and exclusive market insights by speaking to our industry experts.

Market Trends Analysis in the Flexible Packaging Market

These trends have transformed the flexible packaging industry over recent years. As technology, consumer preferences, and sustainable packaging continue to change, so do the trends that influence the market. Market trends analysis allows flexible packaging companies to forecast, identify, and understand the current and upcoming trends in the market to grow efficiently. Understanding market trends will enable companies to strategize and produce according to current or forecasted demand, minimize customer attrition, and stay a step ahead of competitors.

Infiniti’s market trends analysis has helped prominent flexible packaging market players exceed their revenue goals, sign deals with top players, and innovate effective alternatives. As the flexible packaging market continues to grow, staying ahead of the curve is becoming a necessity. Market trends analysis enables customers to stay ahead of the curve, their competitors, and consumers’ changing preferences.

To understand market trends analysis solutions, and the upcoming trends of the flexible packaging industry, request more information.

Flexible packaging industry

Market Research Engagement Helped a Flexible Packaging Firm to Enhance Sales by 23%

Flexible Packaging Industry Overview

The global flexible packaging market is currently witnessing a period of low growth due to the rising tariffs on raw materials, evolving consumer buying behavior, and flexible packaging companies’ inability to make technology upgrades to meet rising market demands. In addition, the increase in prices of raw materials and sustainability issues are presenting additional challenges for companies in the flexible packaging industry. Consequently, companies in the flexible packaging industry are compelled to streamline operations, revamp traditional business models, and proactively take approaches to tackle challenges coming their way.

Are you facing difficulties in keeping up with the rapidly evolving business models in the flexible packaging industry? If yes, our market research experts can help. Request a FREE proposal today!

Business Challenge

The client is a flexible packaging firm based out of the United States

The US flexible packaging industry has been experiencing rapid transformations due to the rising tariff on raw materials and rapidly changing customer buying behavior. In order to adapt to the changes and gain a leading edge, an American flexible packaging firm wanted to gather comprehensive insights into the market’s development, industry regulations, customer needs, and competitive landscape.

They approached the experts at Infiniti Research to leverage their expertise in offering market research solution. By leveraging Infiniti’s market research solution, the client also wanted to tackle challenges such as:

1Flexible packaging industry challenge #1: Understand customer buying habits

As the growth of online shopping has reduced the emotional impact that traditional packaging generated in retail stores, the flexible packaging industry client was struggling to understand customer buying behavior and adapt packaging to suit online shoppers needs.

Flexible packaging industry challenge #2: Adapt to rapid technological changes

As leading companies in the US flexible packaging industry heavily invested into new technologies and processes, the client wanted to keep up with rapid technological developments in the market. By doing so, they wanted to make constant technology upgrades to meet the rising market demand. In addition, by keeping up with market demands, they wanted to stay financially prepared.

Flexible packaging industry challenge #3: Adopt cost-cutting initiatives

As common raw materials used in the flexible packaging industry are experiencing steep price increases, the wanted to identify cost-effective measures undertaken by their competitors to cut down on operational cost.

We analyze market trends and competitive activities to help you identify global opportunities and maximize business growth. Contact us today!

Solutions Offered2

We followed a three-phased approach to market research engagement.

  • A customer intelligence engagement to gather insights on primary customer needs and identify reasons behind customer switching to different brands.
  • A market trend analysis study to identify trends in the flexible packaging industry in the United States. In addition, this engagement involved analyzing factors impacting customer buying behavior and understanding technological developments in the US flexible packaging industry.
  • A competitive intelligence engagement to analyze competitors’ strategies and identify growth opportunities. This engagement also involved measuring the client’s market position compared to their competitors. Also, this engagement involved identifying areas where the client lacked in comparison to the top flexible packaging companies in the US.

Results Obtained

Our market research engagement helped the company in the US flexible packaging industry to understand customers’ buying behaviors and innovate packaging materials to suit online shoppers needs. Also, by closely analyzing competitors’ strategies and business models, they were able to identify the best technologies and processes to invest on to yield huge savings. In addition, they were able to make technology upgrades before their competitors. This helped them to efficiently meet customers’ needs and demands.

In addition, by understanding supply chain challenges in advance, they were able to revamp their traditional supply chain models and adopt innovative techniques. This helped the client to enhance operational efficiency and product quality. Also, the company in the flexible packaging industry was able to enhance sales by 23%.

Want to know more about our solutions for companies in the flexible packaging market? Request for more info!

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