Flexible Packaging Market Trends and Analysis by Region, Packaging Type, Packaging Material, Application, and Segment Forecast to 2030

Accessing the in-depth insight from the ‘Flexible Packaging’ report can help you:

• Analyze the market size with a breakdown provided by packaging type, material type, application, and regions/countries.
• Identify and outline the main components of the value chain and the key stakeholders involved in it.
• Assessing potential growth prospects for flexible packaging market and application segments, supported by comprehensive qualitative analysis and commentary.
• Anticipate potential shifts in the dynamics of the sector and align business strategies accordingly to leverage these changes.

How is our ‘Flexible Packaging’ report different from other reports in the market?

• The report presents a holistic view of the market in terms of demand while highlighting market segmentation based on packaging type, material type, application, and region from 2020 to 2030 in terms of both volume and revenue (Millions of Pack Units and US$ Million)
• Detailed segmentation by packaging type – bag/sachet, film, foil, pouch, tube, wrappers, and others
• The report highlights segmentation at application level – food, cosmetics & toiletries, non-alcoholic beverages, household care, pet care, and others (tobacco and tobacco products, baby care, alcoholic beverages)
• The report provides a concise overview of the technological trends in the sector, along with a thorough analysis of key variables that influence market growth during the forecast period.
• The regional section of the study includes a breakdown at the country level, covering important trends, activities, updates in application sectors, prominent companies, and demand projections.
• The competitive landscape of the market offers a comprehensive overview of major players, highlighting key developments and their impact on the industry. It also includes a company heat map analysis and a list of mergers and acquisitions.
• Detailed company profiles are provided for key vendors in the market, focusing on their business overview, financial performance, product benchmarking, and strategic initiatives.

We recommend this valuable source of information to anyone involved in:

• Packaging Manufacturers
• Packaging Suppliers
• Raw Material Manufacturers
• Food Safety Organizations
• Consultants and Analysts
• Equity Partners
• Venture Capital firm

Flexible Packaging Market Report Overview

The global flexible packaging market size will be valued at $112.4 Billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% during 2023-2030. The increasing demand for packaged food and beverages is one of the prominent factors driving the flexible packaging market growth. The continuous advancements in packaging technology along with the convenience, hygiene, and higher shelf life provided by packaging across the application industry are supporting its growth and demand across the globe. Furthermore, the increasing consumption of packaged items across the globe coupled with the growing urban lifestyle and increased spending power is driving the market growth.

The increasing concern associated with packaging waste as well as the sustainability and recyclability of flexible packaging is capturing the focus of converters and end users of packaging. The rising environmental issues associated with decreasing soil fertility, water pollution, and increasing temperature are further raising the focus of players and government bodies to increase sustainability across the flexible packaging industry. Additionally, this is supporting the growth of circular packaging to keep the loop of raw material closed across the industry with the proper end-of-life management for packaging.

Flexible Packaging Market Outlook, 2020-2030 (US$ Billion)

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GlobalData estimates indicate that the global flexible packaging market witnessed a year-on-year (YoY) growth of 2.5% by volume in 2022. The flexible packaging growth over the forecast period is estimated to increase on account of noticeable factors including convenience and functionality, diverse market adaptability, cost-effectiveness, sustainability, design and branding opportunities, technological advancements, and changing consumer preferences. However, recycling and waste management is one of the major challenges projected to affect growth over the forecast period.

Flexible Packaging Market Segmentation by Packaging Type

By packaging type, the flexible packaging market is bifurcated into bags/sachets, film, foil, pouches, tubes, and wrappers among others. Bags/sachets is the dominating segment in terms of volume (millions of pack units) and value (US$ Million) owing to its wide application area and usability for various types of products including cereals, flour, chips, and snacks, spices, baby food, pet food, and others. The continuously changing consumer preferences where people are more inclined towards convenience, sustainability, and on-the-go consumption, is the factor supporting the demand for required flexible packaging across the globe.

The flexibility of raw material usage including plastic, foil, and paper along with the advanced manufacturing technologies, allows the conversion of these materials into flexible packaging products such as bags, sachets, pouches, wrappers, and others. Furthermore, the advantage of direct printing, advertising, and labeling on the packaging is one of the major factors supporting its growth across the application industry.

Flexible Packaging Market Share by Packaging Type, 2023 (%)

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Strict rules and regulations are associated with the labeling and packaging of food products to maintain safety, and hygiene, as well as to provide necessary information to the end users which includes nutritional values and shelf life of packaged products. This allows the consumers to make sound decisions related to usage which avoids the risks associated with food poisoning or other health issues by consuming expired or allergic ingredients as per the body’s requirement. These are the benefits of flexible packaging which are contributing to its growth in the market.

Flexible Packaging Market Segmentation by Material Type

The flexible packaging market is categorized into major three material types, consisting of plastic, paper, and metal. The plastic material includes linear low-density polyethylene (LLDPE), low-density polyethylene (LDPE), bi-axially-orientated polypropylene polymer (BOPP), bi-axially-oriented polyethylene (BOPE), biaxially oriented polyethylene terephthalate (BOPET), and biaxially-oriented polyamide (BOPA). The segment is leading the global market with the easy availability of a variety of materials at affordable prices is supporting the dominating share. The plastic material segment is undergoing significant changes to increase the sustainability of packaging products. Thus, manufacturers are introducing environment-friendly packaging materials such as bioplastic, recycled plastic, and recyclable plastic material for circular packaging.

Flexible Packaging Market Share by Material Type, 2023 (%)

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The paper material includes virgin paper and recycled paper which are majorly used for the manufacturing of bags, wrappers, and pouches. The paper material segment is anticipated to show the fastest growth over the forecast period with a CAGR of 3.0% in terms of revenue. The increasing focus on environment-friendly packaging is boosting demand for paper packaging across the globe. The development of multilayers packaging boosted the demand for paper material across the industry as that uses paper to increase the sustainability of the product.

Flexible Packaging Market Segmentation by Application

The flexible packaging market is segmented based on its usage in food, cosmetics & toiletries, non-alcoholic beverages, household care, and pet care. As of 2022, the food segment is leading the flexible packaging market in terms of both volume and value. The high demand for food products in the global market coupled with the advantages provided by flexible packaging to the application sector is supporting the dominance of the segment.

The increasing government support for advanced packaging solutions in the food packaging sector is further projected to support demand over the forecast period. Furthermore, the manufacturers are continuously involved in the development and expansion of advanced packaging solutions which can meet the new age demand across the application sector. For instance, in April 2023, Yash Pakka (YPL) started the construction of its first-ever overseas plant for compostable packaging in Guatemala, Central America. The new facility is expected to be the world’s largest compostable flexible packaging plant.

Flexible Packaging Market Share by Application, 2023 (%)

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The non-alcoholic beverages segment is the second largest after food in terms of both volume and value at a share of 8.8% and 9.1% respectively in 2023. This includes the packaging of juices and liquid beverage packaging inclusive of dairy products. These are majorly packed in pillow and stand-up pouches as per the requirement of the end-use market. Resealable packaging pouches are gaining growth in the end-use industry owing to their convenience of usage such as easy storage for a longer time and restricting spillage and contamination with the tight seal features.

Flexible Packaging Market Analysis by Region

The Asia Pacific region has emerged as the leader in the flexible packaging market, holding a significant volume share of over 52.2% in 2023. The region is also leading the revenue market with a share of over 45.1% in the same year and the CAGR is projected to be the fastest across the global market over the forecast period from 2023 to 2030. The easy availability of packaging material and low labor costs in developing economies such as China and India are supporting the dominance of the region. The presence of major manufacturers in the regional market such as Uflex Ltd, Fuji Seal International Inc, Sonoco Products Company, and Amcor Limited is also supporting the market growth. The players are continuously involved in the development and manufacturing of advanced packaging products which can meet the requirement of the new-age population in the global market.

Asia-Pacific Flexible Packaging Market Share by Country, 2023 (%)

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Europe accounted for the second largest share in the global flexible packaging market in terms of volume and value. The strict rules and regulations associated with the packaging in the region owing to the high involvement of government and regulatory bodies for environment-friendly packaging is driving growth across the application sector. Furthermore, the region is the origin of major flexible packaging players such as Constantia Flexibles Group GmbH, Huhtamaki Oyj, Smurfit Kappa Group Plc, DS Smith Plc, Mondi Plc, and Amcor Plc. These players have high manufacturing capacities which leads to the potential share in terms of volume and value.

Flexible Packaging Market – Competitive Landscape

The companies involved in the flexible packaging market are expected to witness a substantial increase in demand in the coming years. As a result, these companies are actively planning to enhance their manufacturing capabilities by expanding their product portfolio and securing investments. This strategic approach aims to strengthen their supply and export power to meet the anticipated surge in demand from the growing application industry.

Key players in the flexible packaging market include Amcor Plc, Berry Global Group Inc, Mondi Plc, Smurfit Kappa Group Plc, Uflex Ltd, DS Smith Plc, Sealed Air Corp., Huhtamaki Oyj, International Paper Co, Sonoco Products Co, Constantia Flexibles Group GmbH, Crown Holdings Inc, Winpak Ltd, Fuji Seal International Inc, Coveris Holdings SA, Trioworld Industrier AB.

Leading Players in the Flexible Packaging Market

• Amcor Plc
• Berry Global Group Inc
• Mondi Plc
• Smurfit Kappa Group Plc
• Uflex Ltd
• DS Smith Plc
• Sealed Air Corp.
• Huhtamaki Oyj
• International Paper Co
• Sonoco Products Co
• Constantia Flexibles Group GmbH
• Crown Holdings Inc
• Winpak Ltd
• Fuji Seal International Inc
• Coveris Holdings SA
• Trioworld Industrier AB

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Flexible Packaging Market Segments and Scope

GlobalData Plc has segmented the flexible packaging market report by packaging type, material type, application, and region:

Flexible Packaging Market Packaging Type Outlook (Volume; Millions of Pack Units, Revenue; US$ Million, 2020-2030)

• Bag/Sachet
• Film
• Foil
• Pouch
• Tube
• Wrappers
• Others

Flexible Packaging Market Material Type Outlook (Volume; Millions of Pack Units, Revenue; US$ Million, 2020-2030)

• Plastic
• Paper
• Metal

Flexible Packaging Market Application Outlook (Volume; Millions of Pack Units, Revenue; US$ Million, 2020-2030)

• Food
• Cosmetics & Toiletries
• Non-alcoholic Beverages
• Household Care
• Pet Care
• Others (Tobacco and Tobacco Products, Baby Care, Alcoholic Beverages)

Flexible Packaging Market Regional Outlook (Volume; Millions of Pack Units, Revenue; US$ Million, 2020-2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Philippines
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • Africa
  • Rest of Middle East & Africa

Scope

The market intelligence report provides an in-depth analysis of the following –

• Flexible packaging market outlook: analysis as well as historical figures and forecasts of volume opportunities from the packaging type, material type, application, and regional segments.
• The competitive landscape: an examination of the positioning of leading players in the flexible packaging market.
• Company Analysis: analysis of the market position of leading service providers in the flexible packaging market.
• Underlying assumptions behind our published base-case forecasts, as well as potential market developments that would alter, either positively or negatively, our base-case outlook.

Key Highlights

Flexible packaging market was evaluated at 1,417.4 billions of pack units in 2023 and is expected to grow at a CAGR of 2.9% during the forecast period (2023-2030). Global flexible packaging market report provides an executive-level overview of the flexible packaging industry worldwide today, with detailed forecasts of key indicators up to 2030.

Reasons to Buy

• This market intelligence report offers a thorough, forward-looking analysis of the global flexible packaging market by packaging type, material type, application, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in flexible packaging markets.
• With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in flexible packaging markets.
• The broad perspective of the report coupled with comprehensive, actionable detail will help mining sector stakeholders, service providers, and other flexible packaging players succeed in growing the flexible packaging market globally.