Paper, Plastics, Rubber, Wood and Textile Industry Overview

Paper Products Market Definition

The paper products market consists of sales of paper products by entities (organizations, sole traders and partnerships) that produce them. The companies in this industry produce paper products from across the spectrum, including converted paper products, unfinished paper and pulp mills which have at-home and industrial applications. Paper products are defined as the products made of interwoven cellulosic fibers held together largely by hydrogen bonding. Paper is a thin sheet of material produced mechanically or chemically processed from cellulose fibers by draining the water through fine mesh leaving the fiber evenly distributed on the surface, followed by pressing and drying. Paper is used for writing and paper products includes newsprint; office, printing, fine, and pressure-sensitive papers; paper napkins, towels, and toilet tissue; kraft bag, construction, and other kraft industrial papers; paperboard, liquid pack- aging containers, containerboard, corrugated, and solid-fiber containers including linerboard and corrugated medium; and related types of cellulosic products containing primarily, by weight or volume, cellulosic materials.

The aseptic packaging market consists of sales of aseptic packaging by entities (organizations, sole traders, or partnerships) that involves separately sterilizing both, the package and the product before filling, to produce shelf-stable products that do not need refrigeration. This decreases the probability of contamination and makes the product contents safer. The products are placed into the container or packaging cover in a sterile environment. This method uses extremely high temperatures to maintain the freshness of the contents while ensuring it is not contaminated with microorganisms. The main types of aseptic packaging are cartons, bags and pouches, bottles and cans, ampoules, and others. Carton is a light box where products are stored, bags and pouches are used to carry different items in one pocket, bottles and cans are the containers used to store liquid items, and an ampoule is a sealed vial made of glass or plastic which contains a sterile medicinal solution or a powder. The aseptic packaging protects against bacteria, light and vapor and helps increase the shelf-life of the product. Aseptic bags and pouches are made using by polyethylene particles and offer low-temperature resistant performance, good chemical stability and electrical insulation properties. Aseptic bottles and cans are rendered ultra-high temperature (UHT) treatment for improving hygiene and shelf-life and are used widely in the dairy and beverages industries. Aseptic ampoules are small glass vessels sterilized to prevent against pathogens and are used in pharmaceuticals and chemicals industry. The materials used in aseptic packaging are plastic, paper, and paperboard, metal, glass, and wood. This aseptic packaging is used by food, beverage, pharmaceutical, and other industries. The global aseptic packaging market is expected to grow from $51.46 billion in 2020 to $58.05 billion in 2021 at a compound annual growth rate (CAGR) of 12.08%. The growth in the aseptic packaging market is mainly due to the increased demand for aseptic packaging from end-use industries such as pharmaceuticals and food and beverages. The market is expected to reach $83.51 billion in 2025 at a CAGR of 9.52%. The increase in demand for convenience food products with a longer shelf life and safe hygiene packaging is expected to drive the growth of the aseptic packaging market in the forecast period. For instance, the global processed snacks market is expected to increase from $96.9 billion in 2020 to $142.0 billion by 2025. Therefore, the growing demand for convenience and processed food drives the growth of the aseptic packaging market. Companies in the aseptic packaging market are focusing on the development of single-use passive for ensuring maximum safety and reducing wastage. Single-use passive refers to transferring the contained and sterile contents between manufacturing process steps and facilities. It also creates an agile manufacturing environment and lowers the toxicity when mixing to make a final product, thus saving time and cost associated with cleaning, maintenance and validation. For instance, in April 2019, Charge point technologies that provide contained and sterile transfer solutions launched of the single-use passive and ChargeBag PE-S with new HiPure ULP7 PE film. The charge bag and single-use passive together form a high-performance, one-time-use package for the sterile and closed transfer of pharmaceutical powders between various manufacturing facilities. In June 2019, Amcor, a Switzerland-based packaging company that offers packaging products for food, beverages, and healthcare announced the acquisition of Bemis Company, Inc. for a deal amount of $6.8 billion. Through the acquisition of Bemis Company, Inc. Amcor expands its business operations that help in strengthening the value proposition of Amcor and generate significant value for shareholders. Bemis Company, Inc. is an USA-based company that manufactures flexible packaging products and pressure-sensitive materials that includes aseptic packaging. Major players in the aseptic packaging market are Reynolds Group Holdings Limited, Amcor Limited, Tetra Laval International S.A, Greatview Aseptic Packaging Co. Ltd., Tetra Pak International SA, Sig Combibloc AG, SIG Combiboc Obeikan, ELOPAK Group, Sealed Air Corporation, DS Smith Plc, and UFlex Limited. Asia-Pacific is the largest region in the aseptic packaging market in 2020. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the aseptic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aseptic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global aseptic packaging market is segmented - 1) By Type: Cartons, Bags And Pouches, Bottles And Cans, Ampoules, Others 2) By Material: Plastic, Paper And Paperboard, Metal, Glass, Wood 3) By Application: Food, Beverage, Pharmaceutical, Others

The home office furniture market consists of sales of office furniture products by entities (organizations, sole traders, or partnerships) that manufacture furniture for office space at home. These are utilized for various purposes, such as, for people working from home on office days, families working on house budgets, and by kids to do school projects. Home office furniture mainly involves products, such as couches, sofas, non-decorated kitchenware, tables, chairs, and drawers. These furniture products are commonly used in small business spaces, residential spaces by people. The main types of products for the home office furniture market are seating, storage units, desks and tables, and others. The storage unit includes shelves and cabinets, fits perfectly at the home office to store office files. The material used in home office furniture is wood, metal, plastic, and others. The prices for home office furniture include premium, mid-range, and economic, which are distributed by flagship stores, specialty stores, online, and others. The global home office furniture market is expected to grow from $58.74 billion in 2020 to $64.08 billion in 2021 at a compound annual growth rate (CAGR) of 9.09%. The growth in the home office furniture market is mainly due to the space constraint in the developed and developing, shift towards homeworking, increasing preference for comfortable and effective home furniture, and rising home businesses. The market is expected to reach $81.45 billion in 2025 at a CAGR of 6.18%. The recent outbreak of the COVID-19 pandemic has led to a surge in demand for home office furniture with an increase in employees working from home. For example, in July 2020, thousands of Canadian federal government employees have been offered an amount of $500 each to buy home office furniture as they will work from home until the pandemic ends. Thus, the rise in the usage of home furniture during the pandemic propelled the demand for the home office furniture market. In 2020, since the beginning of lockdown Pepperfry, which is engaged in manufacturing home furniture has seen a rise in demand for tables and chairs in India that has raised to 175% and 135% respectively, as most of the people are working from home and setting a proper work station at home has become a necessity for everyone. Thus, an increase in the purchase of home furniture to facilitate employees working from home during the pandemic contributed to the growth of the market. The launch of 3D modelling and other technological innovations in the furniture world is a key trend in the home office furniture market. According to Xarpie labs a variety of technologies such as 3D modeling, virtual reality, and augmented reality are being used in most of its processes beginning from planning and developing prototypes or products, right from the marketing, and to the end of the value chain that is sales. Integrating these technologies assures the special effect on how the furniture looks and also helps to develop digital inventories to understand customer requirements. For instance, by May 2019, Ashley furniture incorporated 2 3D printers and 700 3D printed parts in their manufacturing facility at Arcadia that helped them in supplementing labor and maximizing the value of the staff. In April 2021, Herman Miller, Inc., a US based furniture company offering office and home furniture products, announced acquisition of Knoll Inc. for $1.8 billion. Under this deal, Herman Miller shareholders will own approximately 78% of the combined company, while Knoll shareholders will own approximately 22%. Knoll is a US based manufacturer of chairs, tables and desks, and accessories for the office, home, and higher education settings. Major players in the home office furniture market are Ashley Furniture Industries, Herman Miller Inc., Inter IKEA Group, Sears Holdings, Steelcase Inc., Knoll Inc., Masco, Poltrona Frau, Hooker Furniture, and Kimball International. North America is the largest region in the home office furniture market in 2020. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the home office furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the home office furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global home office furniture market is segmented - 1) By Product: Seating, Storage Units, Desks And Tables, Others 2) By Material: Wood, Metal, Plastic, Others 3) By Price: Premium, Mid-range, Economic 4) By Distribution Channel: Flagship Stores, Specialty Stores, Online, Others

The retort packaging market consists of the sales of retort packaging pouches, trays, and cartons, and related services by entities (organizations, sole traders, and partnerships) that manufacture retort packaging. The retort packaging is a type of packaging made from flexible plastic and metal foils and used to pack cooked or semi-cooked food, sealed and subsequently sterilized to create food packages that have an extended shelf life with no preservatives and refrigeration. The main types of retort packaging are pouches, trays, cartons, others. Retort pouch is also known as reportable pouch that is a made using flexible plastic and metal foil and retort tray is a flat flexible structure made of plastic material. This retort packaging is used in packaging food, beverages, and others. The global retort packaging market is expected to grow from $3.54 billion in 2020 to $3.69 billion in 2021 at a compound annual growth rate (CAGR) of 4.28%. The growth in the retort packaging market is mainly due to the growing demand for food packaging. The market is expected to reach $4.49 billion in 2025 at a CAGR of 5.04%. An increase in demand for ready-to-eat or ready meals across the globe is contributing to the growth of the retort packaging market. For instance, according to a survey done by the Associated Chamber of Commerce and Industry of India (Assocham) in January 2020, nearly 79% of Indian households prefer to have instant food due to time constraints. Ready-to-eat or ready meals are packed using retort process, the food is pre-cooked, packed and sealed in a retort package and then heated to 250°F or 121°C for several minutes under high pressure to kill common occurring microorganisms to prevent the food from spoiling. Factors such as busy work-life and the rise in single households have boosted the demand for ready-to-eat meals. For instance, in 2019, 14.6% of adults lived alone in the USA which has increased from 14.3% in 2018. The increase in demand for ready-to-eat or ready meals across the globe is driving the retort packaging market growth. Retort packaging manufacturers are increasingly developing recyclable retort pouches to increase sustainable packaging across the globe. For instance, in January 2021, ProAmpac announced it has developed recycle ready retort pouch for pet and human food, this product is added to ProAmpac ProActive Sustainability product portfolio, a set of packaging solutions that are helping ProAmpac customer to meet their greener packaging goals. Moreover, in September 2020, Amcor, a Switzerland-based packaging company, and Nestle, a Switzerland-based food and beverage company collaborated to develop a recyclable retort pouch for pet food. In June 2019, Amcor, a Switzerland-based packaging company acquired Bemis Company, Inc. for a deal amount of $ 6.8 billion. The acquisition is expected to bring additional scale, footprint, research & development capabilities that strengthen Amcor industry value proportion, generate value to the shareholders, and deliver sustainable innovations for the environment. Bemis Company, Inc. is a USA-based packaging company that is engaged in manufacturing pressure-sensitive materials and flexible packaging products. Major players in the retort packaging market are Amcor, Coveris, Sonoco, Mondi group, Berry Global (RPC Astrapak), Clondlakin, Tredegar, Flair Flexible Packaging Corporation, Proampac, Huhtamäki Oyj, Clifton Packaging, Winpak, Ostuka Holdings, HPM Global, Avonflex, ALLIEDFLEX, Constantia Flexibles, Tetra Pak, Techni-Pak, Lithotype, Fujimori Kogyo, Pyramid Packaging, DNP America, Printpack, and Paharpur 3P. Asia Pacific is expected to grow faster in the forecast period. The regions covered in the retort packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the retort packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global retort packaging market is segmented - 1) By Product Type: Pouches, Trays, Cartons, Others 2) By Material: PET, Polypropylene, Aluminum Foil, Polyethylene, Polyamide, Paperboard, Others 3) By End-Use: Food, Beverages, Others

The webbing market consists of sales of webbing products by entities (organizations, sole traders, and partnerships) that are engaged in webbing products to be used in belts, straps, seat belts, and airbags. Webbing is a strong fabric that is woven as a flat strip with different sizes and fibers and is often used as a replacement for rope. It is commonly used in furniture manufacturing, military apparel, automobile safety, parachuting, and other fields. The main types of webbing are nylon, polyester, polypropylene, carbon fibers, P-aramid fibers, ultra-high molecular weight polyethylene (UHMWPE). Nylon webbing is a high-strength material, this webbing material can stretch around 2% of the length of the webbing. Polyester webbing is used for its superior strength and each inch of this webbing can typically hold between 3,000 and 6,000 pounds. Polypropylene webbing is a light duty, easy to clean, webbing used in various applications including dog collars and leashes, luggage, health-related products, sporting goods, tote bags and many others. Carbon fibers webbing are used to reinforce and stabilize a foundation wall. The low thermal expansion, high temperature tolerance, high chemical resistance, low weight, high tensile strength, and greater stiffness, makes carbon fiber webbing suitable for use in military and sporting goods applications. Para-aramids are used in flame-resistant and heat protective clothing, helmets, body armors, composite material, heat air filter fabrics, ropes, optical fiber cables, sail cloth, sporting equipment, drumheads, reinforced concrete and thermoplastic pipes. Ultra-high molecular weight polyethylene (UHMWPE) is a strong, light, and thin webbing made from traditional fibers, and are used for applications requiring high strength and low stretch, such as applications where corrosion is possible or expected. These webbings are used in various areas including automotive, military, industrial, sporting goods, and others. The global webbing market is expected to grow from $3.11 billion in 2020 to $3.34 billion in 2021 at a compound annual growth rate (CAGR) of 7.43%. The growth in the webbing market is mainly due to the increasing outdoor activities and increased demand from automotive sector. The market is expected to reach $4.57 billion in 2025 at a CAGR of 8.15%. An increase in demand for automobiles is contributing to the growth of the webbing market. Growing usage of webbing in the automotive industry for the production of seat belts, handles, safety harnesses, airbag catch bags, and attach car batteries, to limit the movement of exhaust pipe hangers is likely to boost the demand for webbing in coming years. According to LMC Automotive estimates, global car sales are predicted to reach 111 million by the end of 2032. Moreover, according to the Economist Intelligent Unit, the global new car sales will rise by 15% and commercial vehicle sales will increase by 16% in 2021. Therefore, the expansion of the automotive sector is boosting the growth of the webbing market. The launch of advanced textile products that increase functionality and productivity is a key trend in the webbing market. For instance, in March 2020, Bally Ribbon Mills, a US-based company that provides the development of highly specialized engineered woven fabrics has innovated a durable product with E-webbing and thermoplastic composite materials (TPMC). The new textile products have superior features like lightweight, abrasion resistance that are ideal for electronic transmission data and energy storage. These advanced textiles are used in parachutes, chemically resistant webbing, and personal protective equipment. In January 2021, Speedtech International, a US-based company that is engaged in the manufacturing and fabrication of hook and loop products and specialty fasteners acquired Toleeto Fasteners International for an undisclosed amount. The acquisition is expected to improve Speedtech’s capabilities, services, and expand its geographical presence. Toleeto Fasteners International is a US-based company that is engaged in manufacturing neoprene, hook and loop products, and custom fabricated webbing. Major players in the webbing market are American Cord & Webbing Company, Belt-tech, Narrowtex, National Webbing Products, Tennessee Webbing Products, Ohio Plastics, Universal Webbing Products, Jiangsu Daxin Webbing, Inka Oy, Leedon Webbing, Webbing Products, Sturges Manufacturing, American Webbing and Fittings, and Oppermann Webbing (Kunshan). Asia Pacific was the largest region in the webbing market in 2020. North America is the second-largest market in webbing market. The regions covered in the webbing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the webbing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global webbing market is segmented - 1) By Product: Nylon, Polyester, Polypropylene, Carbon Fibers, P-Aramid Fibers, Ultra-High-Molecular-Weight Polyethylene (UHMWPE), Others 2) By Application: Automotive, Military, Industrial, Sporting Goods, Others

The pizza box market consists of sales of pizza boxes by entities (organizations, sole traders, and partnerships) that manufacture pizza boxes. A pizza box is a box used to deliver pizzas. Pizza boxes are made of corrugated cardboard, which is made up of three layers of paper liners soldered together. This content is blended, written, and then sent through a die machine, which cuts out vents and wrinkles before folding it into a pizza box. The major aim of a pizza box is to keep the pizza warm while maintaining the food quality. The main types of pizza boxes are whole pizza boxes and pizza slice boxes. Pizza slice boxes are broad and can hold huge slices of pizza, while whole pizza boxes can be used to transport whole pizzas. The different types of materials include corrugated paperboard, clay-coated cardboard and are sold through online and offline sales channels. The various print types include printed boxes, non-printed boxes and is used in restaurant, commissary, supermarket, others. The global pizza box market is expected to grow from $2.15 billion in 2020 to $2.24 billion in 2021 at a compound annual growth rate (CAGR) of 4.1%. The growth in the pizza box market is mainly due to increasing demand for fast-food. The market is expected to reach $3.14 billion in 2025 at a CAGR of 8.8%. The rising demand for fast foods is expected to fuel the growth of the pizza box market in the forecast period. Fast food consumption is on the rise as a result of convenience, low prices, and a variety of menu options, flavor, and taste. Pizza is a popular fast-food item, including national franchises such as Papa John, Domino’s Pizza, Sbarro, and Pizza Hut. There has been an increase in the consumption of fast food worldwide over the years, which in turn has boosted the demand for packaging products such as pizza boxes. For example, according to Fast Food Statistics 2021, fast food consumption grows at a rate of 2.2% per year. Therefore, the rising demand for fast foods drives the growth of the pizza box market. The introduction of new packaging designs with a safety locking mechanism is shaping the pizza box market. Major players operating in the pizza box sector are focused on introducing new packaging designs to ensure the health and safety of the customers. For example, in April 2020, Pizza Pizza, a Canada-based pizza quick-service restaurant, introduced the Tamper Proof Pizza Box, which includes a safety locking mechanism that the customer must break to access the pizza inside. The box is built to keep the pizza fresh until it is delivered to the customer. The company has begun shipping with the new packaging, and by the end of the month, all 420 restaurants across the country will have boxes available in all sizes. In April 2019, Smurfit Kappa Group, an Ireland-based corrugated packaging company acquired Vitavel for an undisclosed amount. With the acquisition, Smurfit plans to strengthen its market position in the Balkan region as it already operates businesses in Romania, Greece, and Serbia. Vitavel is a Bulgaria-based manufacturer of corrugated board and corrugated board packaging. Major players in the pizza box market are Smurfit Kappa Group, Georgia-Pacific, New Method Packaging, Pratt Industries Inc., Magnum Packaging, DS Smith, International Paper, Huhtamaki Oyj, Rengo Co. Ltd, BillerudKorsnäs AB, and Rsg Packagings Pvt Ltd. North America and Europe are the largest regions in the pizza box market in 2020. The regions covered in the pizza box market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the pizza box market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global pizza box market is segmented - 1) By Box Type: Whole Pizza Boxes, Pizza Slice Boxes 2) By Material Type: Corrugated Paperboard, Clay Coated Cardboard 3) By Print Type: Printed Boxes, Non-Printed Boxes 4) By Sales Channel: Online, Offline 5) By Application: Restaurant, Commissary, Supermarket, Other

The green building materials market consists of sales of green building materials by entities (organizations, sole traders, or partnerships) manufacture eco-friendly, durable, and renewable green building materials. Green building materials are defined as those materials which are both locally sourced and renewable. Green building materials use less water and are easier to maintain than traditional building materials, and they improve the sustainability and efficiency of a building because of a lower carbon footprint. The main types of green building materials are structural, exterior, interior, and others. It is used in framing, insulation, roofing, exterior siding, interior finishing, others and is implemented in various sectors such as residential buildings, non-residential buildings. The global green building materials market is expected to grow from $216.99 billion in 2020 to $238.91 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth in the green building materials market is mainly due to the growing awareness about environmental sustainability which is driving the demand for green building materials. The market is expected to reach $383.85 billion in 2025 at a CAGR of 12.6%. The increasing demand for green buildings is expected to drive the growth of the green building materials market in the coming years. Green building is the discipline of designing structures and employing procedures from site selection to design, construction, operation, service, remodeling, and deconstruction that are ecologically responsible and resource-efficient. As green building materials are utilized to produce green buildings, the demand for green building materials is also expanding. For instance, according to a 2019 global survey conducted by World Green Building Trends Smart Market Study, nearly half of all respondents intend to construct more than 60% of their buildings as green buildings by 2021. According to the same survey, green building is also gaining popularity among building owners, with 57% expecting to make the bulk of their constructions green by 2021. The introduction to environment-friendly products is gaining significant popularity in the green building materials market. Major participants in the green building materials industry are concentrating on launching new product lines that minimize the global warming potential (GWP) without compromising product quality. For instance, in August 2020, Owens Corning, a US-based building and industrial materials company introduced a new product line FOAMULAR NGX (Next Generation Extruded) in the USA and Canada. This innovative range of extruded polystyrene (XPS) foam products in the new product line uses a patented blowing agent that reduces the global warming potential (GWP) by 90% without affecting product quality. In December 2020, Armstrong World Industries, a US-based designer, acquired Arktura for an undisclosed amount. Through this acquisition, Armstrong World Industries further strengthens its robust portfolio of architectural specialty solutions, as well as its design capabilities across its entire enterprise. Arktura is a US-based manufacturer of architectural systems and custom solutions with a strong emphasis on green practices and sustainability. Major players in the green building materials market are CertainTeed Corporation, Amvic Building Systems, Forbo International SA, Homasote Company, Interface Inc., Bauder Ltd., Binderholz GmbH, Kingspan Group plc, LG Hausys Ltd., Owens Corning, RedBuilt LLC, Andersen Corporation, Armstrong World Industries Inc., Cemex, Chengdu Onekin Green building materials Co. Ltd., Ecostar LLC, Firestone Building Products Company LLC, Fletcher Insulation Pty Limited, Johns Manville Corporation, Knauf Insulation Ltd., LIXIL Group Corporation, and Marvin Windows and Doors Inc. North America was the largest region in the green building materials market in 2020. Asia Pacific was expected to be the fastest growing region in the forecast period. The regions covered in the green building materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the green building materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global green building materials market is segmented - 1) By Type: Structural, Exterior, Interior, Others 2) By Application: Framing, Insulation, Roofing, Exterior Siding, Interior Finishing, Others 3) By End Use: Residential Buildings, Non-Residential Buildings

The flexible plastic packaging market consists of sales of flexible packaging by entities (organizations, sole traders, and partnerships) that manufacture flexible plastic packaging. Flexible packaging is economical and convenient way to package, preserve, and distribute food items, pharmaceuticals, cosmetic & personal care items, consumer storage and other consumables. Flexible plastic packaging involves various types of plastic material used for packaging different products such as snacks, beverages, vegetables, and others. Plastic materials used in flexible plastic packaging include polyethylene, polypropylene, polystyrene, and polyvinyl chloride among others. The main types of flexible plastic packaging include stand-up pouches, flat pouches, roll stock, gusseted bags, wicketed bags, wraps, others. Stand-up pouches are also known as doypack and are soft-sided containers that stand up on their own without any support. Flat pouches can be side welded or bottom sealed and have varieties like back or t-seal, four-side sealed and three-side sealed pouches. Roll stock consists of laminated film in one long, continuous sheet with a sturdy central cardboard having a highly usable structure. Gusseted bags have extra semi-oval shaped indents on both sides of the pouch forming a square or rectangle base, which increases the space of the bag allowing it to accommodate more items. Wicketed bags are stacked plastic bags which are arranged on a wire wicket and held together with rubber washer or a chipboard header. Wraps are tightly fitted flexible plastic used to cover a number of items. The technologies used in flexible plastic packaging includes flexography, rotogravure, digital printing and others. The flexible plastic packaging is used to pack a variety of items such as food, beverage, pharms & health care, personal care & cosmetics. The global flexible plastic packaging market is expected to grow from $143.79 billion in 2020 to $151.92 billion in 2021 at a compound annual growth rate (CAGR) of 5.7%.The growth is due to the increasing e-commerce industry in emerging economies and the increasing demand from food and beverage industry. The flexible plastic packaging market is expected to reach $182.04 billion in 2025 at a CAGR of 4.6%. The increasing consumption of processed and packaged food is drove the growth of the flexible plastic packaging market in the historic period. Packaged foods are food products that have been frozen, canned, cooked, packaged, or changed in nutritional composition and are preserved or fortified in different ways. Food brands are adopting flexible plastic packaging it consists of different types of packages that are easily molded. Therefore, high consumption of processed and packaged food propelled the demand for flexible plastic packaging during the period. Rise in environmental concerns limited the growth of the flexible plastic packaging market during the historic period. Non-recyclable plastic bags have become a leading source of pollution globally. There are concerns about plastic in waste and in marine litter. Heaps of plastic litters have been found on several beaches across the world, clogs city sewers and fuels a massive flow of plastic waste, killing wildlife including sea animals. In response, many countries have instituted stringent rules to control the use of plastic bags. China, for example, has issued complete bans on plastic bags. These concerns proved to be a challenge to the flexible plastic packaging industry. The launch of innovative packaging to attract more customers and expand the customer base of the company is a key trend in flexible plastic packaging. The companies operating in the flexible packaging market are focusing on manufacturing innovative and sustainable packaging solutions for end-users. For example, in February 2021, FreeForm Packaging AB, a Sweden-based packaging company launched one-sided stretchable paper laminate which is based on 85% paper. Stretchable paper laminate has two layers of fiber form, a thin layer of polyethylene is present on one of the layers which protects packaging and content. In March 2019, C-P Flexible Packaging, a USA-based innovative custom manufacturer and printer of flexible packaging, pouches, bags, shrink sleeves, and roll-fed labels acquired Flexo Transparent LLC for an undisclosed amount. This acquisition will substantially increase the range of product offerings and manufacturing capabilities to strengthen the value of C-P Flexible Packaging. Additionally, the acquisition also focuses on expanding C-P Flexible Packaging presence in the Northeast USA. Flexo Transparent LLC is a USA-based company engaged in manufacturing and selling flexible plastic packaging products. Major players in the flexible plastic packaging market are Constantia Flexibles, Amcor Limited, Berry Global Inc, Clondalkin Group Holdings BV, ProAmpac, Coveris, Bemis Company Inc, Bischof + Klein Se & Co Kg, Aluflexpack Ag, Cosmo Films Limited, C-P Flexible Packaging, Novolex - Carlyle Group, Swiss Pac, and Ultimate Packaging. Asia Pacific was the largest region in the flexible plastic packaging market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the flexible plastic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global flexible plastic packaging market is segmented - 1) By Type: Stand-Up Pouches, Flat Pouches, Rollstock, Gusseted Bags, Wicketed Bags, Wraps, Others 2) By Technology: Flexography, Rotogravure, Digital Printing, Others 3) By Application: Food, Beverage, Pharms & Health Care, Personal Care & Cosmetics, Others