5.1% CAGR for Flexible Packaging Market Globally to 2018

Dallas, TX -- (SBWIRE) -- 10/23/2014 -- The global flexible packaging market is projected to grow at a CAGR of 5.1% from 2013 to 2018. Polyethylene dominated this global market by material accounting nearly 32% of the total market share and is projected to grow at a CAGR of 5.1% during the forecast period. Polypropylene accounted for the second largest share in the segment growing at a CAGR of 4.9% during the period under review. Polypropylene comprises of Biaxially oriented polypropylene (BOPP) and Cast polypropylene (CPP). Of these two, the Biaxially oriented polypropylene segment holds a significant share of around 80%, growing at a CAGR of 5.2% from 2013 to 2018. Paper and Aluminum are growing at a CAGR of 5.5% and 5.4% respectively. Cellulosic is one of the materials which show potential growth in the future. It is projected to grow at a CAGR of 8.2% through to 2018.