Flexible packaging requires less than 75% of plastics than rigid type of packaging and also lighter in weight. In terms of cost too flexible packaging are far cheaper. Flexible lid stock packaging is mostly used for dairy, dry goods, medical packaging industry. Flexible lid stock packaging solution offers peel-able as well as lock seal type of characteristics. The material mostly used in flexible lid stock packaging is polymer which includes PS, PP, PE, and PET. Flexible lid stock packaging is of great use in the packaging of consumer goods such as bottles, containers, cups as well as medical packaging such as thermoformed trays. Superior microbial barrier properties offered by high density polyethylene fibers such as Tyvek of DuPont is a popular flexible lid stock packaging material for surgical instruments and implantable devices.
Also, demand from various application sectors especially from dairy and food industry is expected to augment the growth of flexible lid stock packaging market. Increasing growth of packaging industries has positive influence on the flexible lid stock packaging market, since major companies such as Oracle Packaging, Pregis LLC and others are expanding their extrusion facilities. The competition among manufacturers is strong and thus, offering products beyond food industry is seen to be a strategic move. Flexible lid stock packaging in pharma and medical devices are expected to be major growth generating sectors during the forecast period.
Increasing smaller households and convenient way of handling with barrier properties, drives demand for flexible lid stock packaging market. Besides, increasing use of ready to eat meals fuels consumption of flexible lid stock packaging market. The sterile properties offered by flexible lid stock packaging materials momentous the usage in medical instruments and devices. Also, population growth is expected to drive the market of flexible lid stock.
The global flexible lid stock packaging market is segmented on the basis of type, process and application.
Based on the material type the global flexible lid stock packaging market is segmented into:
- Aluminum foils
- Polymer films
- Metalized polymer films
Based on the type of manufacturing process the global flexible lid stock packaging market is segmented into:
- Extruded films
- Extrusion coating
- Fluid coating
Based on the end-use industry the global flexible lid stock packaging market is segmented into:
- Food and Beverage
- Personal Care
- Health Care
The global flexible lid stock packaging market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia-Pacific is anticipated to be the dominant market in terms of consumption for flexible lid stock packaging market followed by North America and Europe. China, India, Indonesia, South Korea and Japan are the key countries for next generation growth in Asia Pacific region. Factors such as urbanization, increasing standard of living, convenient handling and trend towards smaller households will stimulate the demand for the flexible lid stock packaging market globally.
Some of the key players in the global flexible lid stock packaging market are Chase Corporation, Constantia, Glenroy Inc., Oracle Packaging, Huhtamaki Group, International Plastics, Berry Plastics Corporation, Schur Flexibles Group, Heyne & Penke Verpackungen GmbH, Printpack Inc., Winpak Ltd etc. The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.