Technavio – Europe’s flexible packaging to grow almost 6%
USA • Technavio’s analysts released a new report forecasting the flexible packaging market in Europe to grow at a CAGR of 5.84% during the period 2016-2020. According to the company, the report covers the present scenario and the growth prospects of the flexible packaging market in Europe for 2016-2020. Main vendors include Amcor, Clondalkin, Constantia Flexibles, Mondi and Sealed Air.
Technavio’s report, Flexible Packaging Market in Europe 2016-2020, has been prepared based on market analysis with inputs from industry experts. The report considered the revenue generated through the sales of flexible packaging materials to the food, pharmaceutical and personal care industries in order to calculate the market size.
Among the reports findings are that a demand for convenient packaging is one of the key market drivers with a general trend of a increased demand for sustainable packaging. One of the biggest challenges, the report finds, is the fragmented nature of the market.