The flexible packaging industry has the ability to be an important part of packaging solutions as it offers packaging in different sizes; innovations that help extend the shelf life of the product, and keep the package, safe. Innovation in terms of developments surrounding absorption of food odors, retard oxygen migration, and longer preservation, has been driving flexible packaging. Packaging also acts as a barrier against moisture, microbes, change in temperatures and dirt, focusing on extending the shelf life of food and check spoilage, leading to less wastage of food. Flexible plastic packaging market is expected to reach the market size of ~USD 120 billion by the end of forecast period with CAGR of ~5.2% during the forecast period.
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