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The global flexible packaging market size attained a value of 265.84 billion in 2023. The market is expected to grow at a CAGR of 4.8% between 2024 and 2032, reaching almost 403.7 billion by 2032.
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The global flexible packaging market is being led by North America, which is a major consumer of the product, accounting for about 37% of the industry share in 2020 in terms of value. The market in North America is growing due to the innovations taking place in the industry, which are attracting customers at an increasing rate. The United States is the leading market within North America. The market in North America is being driven by the increasing consumer preference for convenient and ready-to-use goods. Shelf ready packaging like retail ready packaging (RRP) is also growing in prominence in the region due to lower operational costs and higher consumer interest. The regional market is also being driven by the consumer awareness about the environmental benefits of flexible packaging like pouches and sachets over non-flexible packaging.
The global flexible packaging market is increasing due to the growing economic development and increasing consumerism in the emerging regions, such as the Asia Pacific and the Middle East and Africa. On the basis of value, the Asia Pacific is the second largest market for flexible packaging after North America. China is the leading regional market within the Asia Pacific region. China is followed by Japan and South Korea as the other significant regional markets in the Asia Pacific. India is also emerging as a significant emerging market in the region. The flexible packaging market in the Asia Pacific region is being driven by the rising e-retail industry in the region, along with the healthy growth of the FMCG industry in the region.
Flexible packaging is a term used for a package or a part of a package whose shape can be easily modified. It includes pouches, bags, sachets, and wraps made of materials like plastic, paper, film, aluminium foil, or any combination of these materials. The material offers protective properties, along with optimum utilization. The product is used for packaging institutional and consumer products and is used for industrial applications to help guard and supply a range of products.
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Based on product type, the market is divided into:
On the basis of raw material, the industry is segmented into:
Plastics hold a significant share in the flexible packaging market, followed by paper and foils.
On the basis of technology, the market is divided into:
The industry is divided on the basis of application into:
The food and beverages segment holds a major share in the industry. Pharmaceutical segment is, however, expected to have robust growth in the forecast period.
The report also covers the regional markets of the product like North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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The global flexible packaging market is being driven by the growing prominence of flexible packaging products in the industry, along with the growing demand from the end-user segments owing to the product’s cost efficiency and convenience. Many exciting innovations have been made to modify the product and material, further catering to the increasing demand from developed regions. The consumption of flexible packaging products, particularly pouches, is increasing, owing to its vast usage in almost all the end-uses industries. With consumers becoming increasingly eco-conscious, biodegradable product innovations within the industry is propelling the industry forward.
To increase the shelf life of a product, the packaging must have high-barrier properties. To attain high-barrier properties, many laminate structures have been introduced, such as paper, plastic, and aluminium, and a combination of materials. The industry is focusing on providing a cost-effective and sustainable solution for creating barrier to strengthen the industry growth of flexible packaging. Due to the increasing consumer awareness regarding sustainable packaging, new materials, such as PLA have been introduced, which exhibit great growth potential in the industry in the forecast period.
Flexible packaging is increasingly being consumed by the various end-use industries, namely, baby food, pet food, healthcare, pharmaceutical, automobile, agricultural products, and chemicals. Many companies have shifted from the use of cartons or containers to the pouches or bags for consumer convenience, further advancing the industry growth. Most converters of flexible packaging are investing in fast-growing countries such as India and China.
The report gives a detailed analysis of the following key players in the global flexible packaging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Raw Material |
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| Breakup by Printing Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Flexible Packaging Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global flexible packaging market attained a value of nearly USD 265.84 billion.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 4.8%.
By 2032, the market is estimated to reach a value of about USD 403.7 billion.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, rising e-retail segment, and growing demand for convenience and ready-to-use goods driving the growth of the industry globally.
The rising eco-consciousness among the consumers and growing e-retail distribution channels are major trends driving the growth of the market.
North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regional markets for the product, with North America accounting for the largest market share.
Plastic, paper, aluminium foil, and cellulose, among others, are the various raw materials in the global flexible packaging market.
The leading printing technologies in the market are flexography, rotogravure, and digital, among others.
The significant product types in the market are printed rollstock and preformed bags and pouches, among others.
The food and beverages segment accounts for the largest market share among other application segments in the market.
The key players in the market are Amcor plc, Berry Global Inc., Sealed Air, Mondi plc, DS Smith, and Huhtamaki, among others.
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+1-415-325-5166
Vietnam
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+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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