The global flexible packaging market will grow at a rate of 3.5% with an estimated value of about USD 370.23 Billion by the year of 2025. Technical advances have dramatically changed how flexible packaging is viewed. It’s no longer just a low-cost or expedient option for industrial goods and produce, flexible packaging has gained more popularity across a wide variety of consumer products, increasingly replacing metal cans, glass and rigid plastic bottles, and cartons. Product differentiation, technical development and innovation will continue to reign as key growth drivers for the industry. In addition, new application breakthroughs in the healthcare and pharmaceutical industries are providing ample growth opportunities for flexible packaging raw materials suppliers, chemicals and converters. Packaging design provides the opportunity to maximize consumer appeal and ease of use, but it must incorporate a degree of price awareness, because many markets function with economics as a primary driving force. Sustainable packaging is the ultimate goal closely associated with the whole flexible packaging value chain, including packaging brand owners, flexible packaging manufacturers & converters, raw materials & machinery suppliers, etc. Product safety is a top priority particularly for food and pharmaceutical products, which is receiving increasing attention worldwide.
It’s against this industry background and in response to the COVID-19 global pandemic, APEX international is very pleased to announce the 5th Asia flexible packaging summit has gone to virtual dedicated to establishing a whole new online business platform focused on product development, innovation and business expansion within flexible packaging industry all across Indonesia, Thailand, Vietnam, Philippines, Asia and around the globe. The COVID-19 has brought many changes to our lives and disrupted the value chain across a big variety of industries worldwide, including the global plastics and packaging sector. To further assess the impact brought about by the COVID-19 and address all industry related topics including but not limited to flexible packaging market trends, barrier film technology development, latest advances in raw materials & machinery, sustainability considerations, packaging converting & printing, circular plastics & recycling, etc., this upcoming IPFPS 2021 aims at gathering together over 300 flexible packaging industry professionals all across the industry supply chain worldwide and providing the opportunity to share and examine the emerging new developments and expanding markets in the Asia Pacific region.
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