Flexible Packaging Market Size, Share, Opportunities, And Trends By Type (Pouch, Bag, Films, Others), By Material (Plastic, Paper, Aluminum), By End User (Food & Beverage, Personal Care, Pharmaceutical, Others), And By Geography - Forecasts 2024 To 2029
- Published : Jan 2024
- Report Code : KSI061610039
- Pages : 127
Offered with this report
Market Data and Estimates in Excel
2 Months of Post Sale Analyst Support
Requirement Specific Customization
The flexible packaging market is evaluated at US$217.065 billion for the year 2022 growing at a CAGR of 4.1% reaching the market size of US$287.56 billion by the year 2029.
Any box or element of packaging whose structure may be easily changed is considered flexible packaging. It is used to safeguard the market products and distribute a wide range of items in consumer and industrial sectors. Lightweight bags or pouches are sealed using heat or pressure in flexible packaging. Flexible packaging is typically used to assist increase the shelf life of food products or meet other marketing trends like high-quality graphics.
Preference for convenient products increasing demand for flexible packs.
Flexible plastic packaging uses fewer materials and effort to package; as a result, flexible packs are less expensive and take up 35% less retail storage space, making them more cost-effective than other types of packaging. Customers are increasingly ready to pay a higher price for unique product features made possible by flexible packaging. As per the Flexible Packaging Association, more than 60% of North American customers are willing to pay more for functional and tangible packaging benefits like product protection, transportation friendliness, and supply chain efficiency, among other things.
Rising adoption of mono materials to construct PE-based containers.
Borealis and Borouge collaborated on a series of innovative and entirely recyclable mono-material pouches for PE and PP-based materials in October 2019. AR Packaging also announced the launch of Ecoflex in July 2021, a recyclable mono polyethene film for thermoforming solutions that, according to the company, provides a replacement for PA-based materials while completely satisfying OPRL criteria.
Plastic is predicted to have a large market share by material since it offers secure packing and clear visibility of the goods.
Plastic has been employed as the most environmentally friendly packaging material in several industries, including food and beverage, medicines, cosmetics, tobacco products, and personal care. The growing adoption of plastics due to their distinct qualities such as adaptability, resilience, lightweight, highly economical, and can be used by all industries regardless of their scale and scope; ease of reuse and recyclability will drive the growth of the plastic packaging market.
The food & beverage industry is expected to have the largest proportion of the market.
Food and beverage products can be transported more easily and successfully with proper packaging. Furthermore, increased demand for advanced packaging in emerging countries is fueling the rise of flexible packaging in the F&B industry, owing to the rising consumption of packaged foods and rising health and nutrition concerns. In addition, the growing usage of automated food processing plants necessitates the employment of advanced packaging methods for barrier-free packaging of finished goods, increasing market growth.
Asia Pacific is expected to grow at a high rate during the forecast period.
Beyond convenience, other factors like sustainability, transparency, food safety, and food waste reduction influence the flexible packaging choice for meats, seafood, and poultry in the food business. Additionally, the Ministry of Health, Labor, and Welfare, Japan, estimates that generics accounted for roughly 15 per cent of the Japanese prescription medicine market in 2022. Over 35% of the country's prescription medicines are imported from the US, and this demand is expected to grow as the country's increasingly ageing population demands new treatments for linked diseases. As a result, such developments are likely to contribute to market growth positively.
Market key launches
- In October 2023, India's first compostable flexible packaging was introduced by Pakka Limited, a manufacturer of compostable packaging solutions formerly known as Yash Pakka Limited. Collaboration with Brawny Bear, a nutrition company known for its date-based healthy food products, has made this important development possible.
- In April 2022, Mondi and French machinery manufacturer Thimonnier developed a reusable container that reduces the amount of plastic waste generated. The companies have created new, fully empty liquid refill packaging. The berlingot sachet is made of recyclable mono-material coextruded polyethene. The product uses more than 75% less plastic and weighs less than rigid plastic bottles. The multilayer PVC refill containers that are currently the industry standard but cannot be recycled can be replaced with the refill solution.
Segmentation:
- By Type
- Pouch
- Bags
- Film
- Others
- By Material
- Plastic
- Paper
- Aluminum
- By End-User
- Food & Beverage
- Personal care
- Pharmaceutical
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
- Taiwan
- Others
- North America
Frequently Asked Questions (FAQs)
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. FLEXIBLE PACKAGING MARKET, BY TYPE
5.1. Introduction
5.2. Pouch
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Bag
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. Film
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
5.5. Others
5.5.1. Market Trends and Opportunities
5.5.2. Growth Prospects
5.5.3. Geographic Lucrativeness
6. FLEXIBLE PACKAGING MARKET, BY MATERIAL
6.1. Introduction
6.2. Plastic
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Paper
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Aluminium
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
7. FLEXIBLE PACKAGING MARKET, BY END-USER
7.1. Introduction
7.2. Food and Beverages
7.2.1. Market Trends and Opportunities
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Personal Care
7.3.1. Market Trends and Opportunities
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
7.4. Pharmaceutical
7.4.1. Market Trends and Opportunities
7.4.2. Growth Prospects
7.4.3. Geographic Lucrativeness
7.5. Others
7.5.1. Market Trends and Opportunities
7.5.2. Growth Prospects
7.5.3. Geographic Lucrativeness
8. FLEXIBLE PACKAGING MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Type
8.2.2. By Material
8.2.3. By End-User
8.2.4. By Country
8.2.4.1. USA
8.2.4.1.1. Market Trends and Opportunities
8.2.4.1.2. Growth Prospects
8.2.4.2. Canada
8.2.4.2.1. Market Trends and Opportunities
8.2.4.2.2. Growth Prospects
8.2.4.3. Mexico
8.2.4.3.1. Market Trends and Opportunities
8.2.4.3.2. Growth Prospects
8.3. South America
8.3.1. By Type
8.3.2. By Material
8.3.3. By End-User
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.1.1. Market Trends and Opportunities
8.3.4.1.2. Growth Prospects
8.3.4.2. Argentina
8.3.4.2.1. Market Trends and Opportunities
8.3.4.2.2. Growth Prospects
8.3.4.3. Others
8.3.4.3.1. Market Trends and Opportunities
8.3.4.3.2. Growth Prospects
8.4. Europe
8.4.1. By Type
8.4.2. By Material
8.4.3. By End-User
8.4.4. By Country
8.4.4.1. United Kingdom
8.4.4.1.1. Market Trends and Opportunities
8.4.4.1.2. Growth Prospects
8.4.4.2. Germany
8.4.4.2.1. Market Trends and Opportunities
8.4.4.2.2. Growth Prospects
8.4.4.3. France
8.4.4.3.1. Market Trends and Opportunities
8.4.4.3.2. Growth Prospects
8.4.4.4. Spain
8.4.4.4.1. Market Trends and Opportunities
8.4.4.4.2. Growth Prospects
8.4.4.5. Italy
8.4.4.5.1. Market Trends and Opportunities
8.4.4.5.2. Growth Prospects
8.4.4.6. Others
8.4.4.6.1. Market Trends and Opportunities
8.4.4.6.2. Growth Prospects
8.5. Middle East and Africa
8.5.1. By Type
8.5.2. By Material
8.5.3. By End-User
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.1.1. Market Trends and Opportunities
8.5.4.1.2. Growth Prospects
8.5.4.2. UAE
8.5.4.2.1. Market Trends and Opportunities
8.5.4.2.2. Growth Prospects
8.5.4.3. Israel
8.5.4.3.1. Market Trends and Opportunities
8.5.4.3.2. Growth Prospects
8.5.4.4. Others
8.5.4.4.1. Market Trends and Opportunities
8.5.4.4.2. Growth Prospects
8.6. Asia Pacific
8.6.1. By Type
8.6.2. By Material
8.6.3. By End-User
8.6.4. By Country
8.6.4.1. China
8.6.4.1.1. Market Trends and Opportunities
8.6.4.1.2. Growth Prospects
8.6.4.2. Japan
8.6.4.2.1. Market Trends and Opportunities
8.6.4.2.2. Growth Prospects
8.6.4.3. India
8.6.4.3.1. Market Trends and Opportunities
8.6.4.3.2. Growth Prospects
8.6.4.4. South Korea
8.6.4.4.1. Market Trends and Opportunities
8.6.4.4.2. Growth Prospects
8.6.4.5. Indonesia
8.6.4.5.1. Market Trends and Opportunities
8.6.4.5.2. Growth Prospects
8.6.4.6. Thailand
8.6.4.6.1. Market Trends and Opportunities
8.6.4.6.2. Growth Prospects
8.6.4.7. Taiwan
8.6.4.7.1. Market Trends and Opportunities
8.6.4.7.2. Growth Prospects
8.6.4.8. Others
8.6.4.8.1. Market Trends and Opportunities
8.6.4.8.2. Growth Prospects
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Amcor plc (Bemis Company, Inc.)
10.2. One Rock (Constantia Flexibles Group GmbH)
10.3. Sealed Air Corporation
10.4. Berry Global, Inc.
10.5. Coveris Holdings S.A.
10.6. Sonoco Products Company
10.7. Mondi Group
10.8. Huhtamaki
10.9. FlexPak Services LLC
Amcor plc (Bemis Company, Inc.)
One Rock (Constantia Flexibles Group GmbH)
Sealed Air Corporation
Berry Global, Inc.
Sonoco Products Company
Mondi Group
Huhtamaki
FlexPak Services LLC
Related Reports
| Report Name | Published Month | Get Sample PDF |
|---|---|---|
| Asia Pacific Flexible Packaging Market Size & Share: 2024 - 2029 | Feb 2024 | |
| Australia Flexible Packaging Market Size: Industry Report, 2022 - 2027 | Mar 2020 | |
| Germany Flexible Packaging Market Size: Report, 2023 - 2028 | Jun 2023 | |
| Italy Flexible Packaging Market Size & Share: Report, 2023 - 2028 | Jun 2023 | |
| Europe Flexible Packaging Market Size: Industry Report, 2022 - 2027 | Nov 2022 |