Flexible Lid Stock Packaging Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2028
“A major driver influencing flexible lid stock packaging market growth is the growing trend in serving small food serving sizes.”
The global flexible lid stock packaging market is projected to grow at an exponential CAGR during the forecast year. “The growing concern regarding environmental sustainability has positively influenced the adoption of atmospheric protective packaging or modified atmosphere packaging (MAP). It is resistant to external oxygen and therefore, protects the food integrity and aids in maintaining the nutritional balance to extend their shelf life, without any use of preservatives.” A major driver influencing flexible lid stock packaging market growth is the growing trend in serving small food serving sizes. The fitness-centric consumers are reconsidering their meal portion sizes on the overall intake of calories, along with the rising global concerns concerning improper waste disposal are driving the demand for flexible lid stock packaging solutions. The industry growth trend is estimated to continue in the future, driven by an increasing share of organized retail, and technological innovations in the market. Furthermore, the packaging industry is gaining momentum attributed to the technological derivations that enhance affordability, product shelf-life, and are lightweight. Based on material type, the market has been segmented into paper & board, non-woven, aluminum foils, glass, tinplate, laminates, polymer films, and metalized polymer films. The manufacturing process industry includes extruded films, extrusion coating, laminations, and fluid coating. The flexible lid stock packaging market has identified its end-user industries across food and beverage, chemicals, dairy, health care, personal care, specialties, and others. Plastics dominated the market owing to its unique co-polymerization properties. Foods & fast moving goods are the largest consumers of flexible lid stock packaging solutions. Get Sample Copy of this Report @