Global flexible paper packaging market 2015-2019
In a new report Technavio's analysts forecast the global flexible paper packaging market to grow at a CAGR of around 5% between 2015 and 2019 due to increased demand for flexible packaging from various end-user industries such as food and beverage, pharmaceuticals, and electronics. North Americas accounts for around 40% of the overall market share. The market is highly fragmented with the presence of many local and international vendors. Competition among vendors has intensified in terms of product differentiation, portfolio, and pricing. The companies are setting up new manufacturing plants and launching new products in emerging markets (Press Release Technavio, 30 November 2015).
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