COVID-19 impacted virtually every aspect of our lives, forcing us to change the way we handle our daily activities and develop new norms. Packaging, specifically the flexible packaging industry, played a huge role in this change, from manufacturing across many industries, including food and healthcare resources, to consumers at home. As we are about to enter the post pandemic era, we APEX international is very pleased to announce the 6th Asia flexible packaging summit dedicated to establishing a business platform focused on product development, innovation and business expansion within flexible packaging industry all across countries including Indonesia, Thailand, Vietnam, India, Asia and around the globe. This upcoming VAFPS 2022 aims at gathering together over 200 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.
The global flexible packaging market size reached US$ 124.9 Billion in 2021. Looking forward, the market intelligence sources expect the market to reach US$ 162.4 Billion by 2027, exhibiting a CAGR of 4.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are also continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. Technical advances have dramatically changed how flexible packaging is viewed. Product differentiation, technical development and innovation will continue to reign as key growth drivers for the industry. Catalyzed by advancements in packaging technology, the global demand of flexible packaging material is exhibiting strong growth. Moreover, the popularity of flexible packaging among consumers has also increased as it is a cost-effective alternative for storage issues, minimizes product wastage along with keeping the food safe and healthy.
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