Flexible Packaging Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Pouch, Bag, Films, Others), By Material (Plastic, Paper, Aluminum), By End User Industry (Food & Beverage, Personal Care, Pharmaceutical, Others), And By Geography - Forecasts From 2019 To 2024

Published:  Apr 2021 Report Code: KSI061610039 Pages: 114

Flexible Packaging is any package or part of a package whose shape can be readily modified. It is used for consumer products and industrial applications to protect the market and distribute a wide array of products. The flexible packaging market is expected to grow from USD 223.544 billion in 2018 to USD 287.717 billion in 2024 at a CAGR of 4.30%. By volume, the market is estimated to grow from 104.744 million tonnes in 2018 to 143.611 million tonnes in 2024. The market growth is driven by its cost-effectiveness. Flexible packaging requires less raw material and energy to manufacture. This kind of packaging increases the shelf life of the products, especially food items. It is convenient to use and is suitable for diverse product categories which are expected to further drive the market growth. However, stringent regulations regarding raw materials and recyclability are expected to be a restraint for market growth. By material, plastic is expected to have a significant market share as it provides secure packaging and good visibility of the product. By application, food and beverage are estimated to have a considerable growth rate as flexible packaging extends the shelf life of the product. By geography, the Asia Pacific market is expected to have a significant market share owing to the large consumer base for FMCG products in the region.

DRIVERS

Increased shelf life of the product

Cost-effectiveness

Convenient to use and suitable for diverse product categories

RESTRAINT

Stringent regulations

INDUSTRY UPDATE

In May 2018, Transcontinental Inc. completed the transformational acquisition of Coveris Americas and became a North American leader in flexible packaging.

In May 2019, Sealed Air Corporation announced that it has signed a definitive agreement to acquire Automated Packaging Corporation, a leading manufacturer of high-reliability automated bagging systems.

Flexible Packaging Market Scope:

Report Metric Details
 Market size value in 2018  US$223.544 billion
 Market size value in 2024  US$287.717 billion
 Growth Rate  CAGR of 4.30% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Material, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Amcor plc, Bemis Company, Inc., Constantia Flexibles Group GmbH, Sealed Air   Corporation, Berry Global, Inc., Coveris Holdings S.A., Sonoco Products Company,   Mondi Group, HuhtamäkiOyj, FlexPak Services LLC
 Customization scope  Free report customization with purchase

SEGMENTATION

The flexible packaging market has been analyzed through the following segments:

By type

Pouch

Bag

Films

Others

 

By material

Plastic

Paper

Aluminum

 

By end user industry

Food & Beverage

Personal care

Pharmaceutical

Others

 

By Geography

North America

USA (by value and volume)

Canada(by value and volume)

Mexico (by value and volume)

 

South America

Brazil(by value and volume)

Argentina(by value and volume)

Colombia (by value and volume)

Chile (by value and volume)

Others(by value and volume)

 

Europe

Germany (by value and volume)

France (by value and volume)

Italy (by value and volume)

United Kingdom (by value and volume)

Spain (by value and volume)

Russia (by value and volume)

Others (by value and volume)

 

Middle East and Africa

Israel (by value and volume)

Saudi Arabia (by value and volume)

South Africa (by value and volume)

Iran (by value and volume)

Egypt (by value and volume)

Others (by value and volume)

 

Asia Pacific

China (by value and volume)

Japan (by value and volume)

India (by value and volume)

South Korea (by value and volume)

Australia (by value and volume)

Others (by value and volume)


Frequently Asked Questions (FAQs)

Q1. What will be the flexible packaging market size by 2024?
A1. The flexible packaging market is expected to reach a total market size of US$287.717 billion in 2024.


Q2. What are the growth prospects for the flexible packaging market?
A2. Flexible Packaging Market is expected to grow at a CAGR of 4.30% during the forecast.


Q3. What is the size of the flexible packaging market?
A3. The flexible packaging market was valued at US$223.544 billion in 2018.


Q4. Which region holds the largest market share in the flexible packaging market?
A4. The Asia Pacific market is expected to have a significant market share owing to the large consumer base for FMCG products in the region.


Q5. How is the flexible packaging market segmented?
A5. The flexible packaging market is segmented based on type, material, end-user industry, and geography. 

1. INTRODUCTION

1.1. MARKET OVERVIEW

1.2. MARKET DEFINITION

1.3. SCOPE OF THE STUDY

1.4. CURRENCY

1.5. ASSUMPTIONS

1.6. BASE, AND FORECAST YEARS TIMELINE

2. RESEARCH METHODOLOGY 

2.1. RESEARCH DESIGN

2.2. SECONDARY SOURCES

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. MARKET SEGMENTATION

4.2. MARKET DRIVERS

4.3. MARKET RESTRAINTS

4.4. MARKET OPPORTUNITIES

4.5. PORTER’S FIVE FORCE ANALYSIS

4.5.1. BARGAINING POWER OF SUPPLIERS

4.5.2. BARGAINING POWER OF BUYERS

4.5.3. THREAT OF NEW ENTRANTS

4.5.4. THREAT OF SUBSTITUTES

4.5.5. COMPETITIVE RIVALRY IN THE INDUSTRY

4.6. LIFE CYCLE ANALYSIS - REGIONAL SNAPSHOT

4.7. MARKET ATTRACTIVENESS

5. FLEXIBLE PACKAGING MARKET BY TYPE

5.1. POUCH

5.2. BAG

5.3. WRAPS

5.4. OTHERS

6. FLEXIBLE PACKAGING MARKET BY MATERIAL

6.1. PLASTIC

6.2. PAPER

6.3. ALUMINUM

6.4. OTHERS

7. FLEXIBLE PACKAGING MARKET BY END USER INDUSTRY

7.1. FOOD & BEVERAGE

7.2. PERSONAL CARE

7.3. PHARMACEUTICAL

7.4. OTHERS

8. FLEXIBLE PACKAGING MARKET BY GEOGRAPHY

8.1. NORTH AMERICA

8.1.1. USA

8.1.2. CANADA

8.1.3. MEXICO

8.2. SOUTH AMERICA

8.2.1. BRAZIL

8.2.2. ARGENTINA

8.2.3. COLOMBIA

8.2.4. CHILE

8.2.5. OTHERS

8.3. EUROPE

8.3.1. GERMANY

8.3.2. FRANCE

8.3.3. ITALY

8.3.4. UNITED KINGDOM

8.3.5. SPAIN

8.3.6. RUSSIA

8.3.7. OTHERS

8.4. MIDDLE EAST AND AFRICA

8.4.1. ISRAEL

8.4.2. SAUDI ARABIA

8.4.3. SOUTH AFRICA

8.4.4. IRAN

8.4.5. EGYPT

8.4.6. OTHERS

8.5. ASIA PACIFIC

8.5.1. CHINA

8.5.2. JAPAN

8.5.3. INDIA

8.5.4. SOUTH KOREA

8.5.5. AUSTRALIA

8.5.6. OTHERS

9. COMPETITIVE INTELLIGENCE

9.1. COMPETITIVE BENCHMARKING AND ANALYSIS

9.2. RECENT INVESTMENT AND DEALS

9.3. STRATEGIES OF KEY PLAYERS

10. COMPANY PROFILES

10.1. AMCOR PLC.

10.2. BEMIS COMPANY INC.

10.3. CONSTANTIA FLEXIBLES GROUP GMBH

10.4. SEALED AIR CORPORATION

10.5. BERRY GLOBAL INC.

10.6. COVERIS HOLDINGS SA

10.7. SONOCO PRODUCTS COMPANY

10.8. MONDI GROUP

10.9. HUHTAMAKI OYJ

10.10. FLEX PAK SERVICES LLC

LIST OF FIGURES

LIST OF TABLES

Amcor plc

Bemis Company, Inc.

Constantia Flexibles Group GmbH

Sealed Air Corporation

Berry Global, Inc.

Coveris Holdings S.A.

Sonoco Products Company

Mondi Group

HuhtamäkiOyj

FlexPak Services LLC

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