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.
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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 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.
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