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.
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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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