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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Flexible Packaging Market Analysis
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.
Flexible Packaging Market Report Snapshots
Flexible Packaging Market Size
Flexible Packaging Market Analysis
*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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Key Questions Answered in the Report
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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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