LUTON, Bedfordshire, UK, March 18, 2023 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consultancy arm of Ameliorate Digital Consultancy Private Limited, has completed and published the final copy of the detailed research report on the flexible packaging market.

The globe Flexible packaging market is expected to reach US$216.70 billion by 2029, up from US$216.4 billion in 2022, at a CAGR of 4.1% from 2023 to 2029. Flexible packaging refers to a type of packaging made from flexible or easily formable materials such as plastic, paper, aluminum foil and other materials. This type of packaging can be easily shaped or molded to fit the specific shape and size of the product.

Flexible packaging is used to package a wide range of products including food and beverage, personal care, pharmaceutical, pet food and other consumer products. It can be made in various forms such as pouches, pouches, films, packages, sachets and other formats.

Industry Developments

• In October 2022, Mondi Group partnered with renowned Norwegian pet food company Felleskjøpet to switch to recyclable high-barrier packaging for the relaunch of its premium brand, Appetitt.

• In September 2022, Huhtamaki Oyj invested in Emerald Technology Ventures AG Sustainable Packaging Fund, which focuses on cutting-edge sustainable packaging technologies.
• In September 2022, the Sonoco Products Company took over. SP Holding, Skjern A/S, a leading producer of high quality board made from 100% recycled paper for rigid paper containers, cores and cores and other applications.
• In September 2022, a new research and development (R&D) facility will be built at Mondi Steinfeld in Germany with an estimated investment of 5 million euros by the Mondi Group.

Get a free sample PDF of the report:

https://exactitudeconsultancy.com/reports/2836/flexible-packaging-market/#request-a-sample

Flexible Packaging Market Overview:

The flexible packaging market is a fast growing industry that…