Significant demand for the product in the food & beverage and healthcare industries is a key growth stimulant for the market. The Global Flexible Plastic Packaging Market size is projected to reach USD 179.69 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% during the forecast period. Polyethylene is the most widely used material for the production of flexible plastic packaging. The segment is expected to account for the largest share in the market during the forecast period owing to its abundant availability and considerable decline in manufacturing costs. In terms of type, the demand for flat pouches is estimated to register significant rise over the same period owing to its applicability in various industries. These pouches are preferred for their convenience regarding storage and transportation. The demand for the product in the food & beverage industry is backed by growing popularity of stand-up pouches and f