Flexible Industrial Packaging Market by Type (Bags, Pouches, Rollstock), Material (Aluminum Foil, Bioplastic, Paper), Industry - Global Forecast 2024-2030
The Flexible Industrial Packaging Market size was estimated at USD 153.47 billion in 2023 and expected to reach USD 159.84 billion in 2024, at a CAGR 4.31% to reach USD 206.34 billion by 2030.Flexible industrial packaging is made from flexible materials, such as plastic, paper, and woven fabric, and is used in various industries, including food & beverage, pharmaceuticals, and chemicals for storing, transporting, and protecting goods. Flexible industrial packaging is increasingly used for industrial supplies such as chemicals, lubricants, and adhesives. The primary benefits of using flexible industrial packaging are its durability and cost-effectiveness compared to other packaging materials. Increasing demand for convenient and lightweight packaging elevates the demand for flexible industrial packaging. Rising raw material costs and concerns related to the recyclability issues with flexible packaging materials hampers the market's growth. Growing advancements in materials science and manufacturing technology to develop flexible industrial packaging that is stronger, more durable, and customizable are expected to fuel the market's growth.Regional InsightsThe flexible packaging market in the Americas is highly developed, with profound native packaging manufacturers transforming their product portfolio to add new and advanced flexible industrial packaging solutions. These companies are backing huge investments to rapidly scale up an industrial flexible packaging business and innovate new technologies for plastic packaging. The accelerating growth in the food & beverage, pharmaceuticals, and personal care & cosmetics industries has expanded the need for flexible industrial packaging worldwide to ensure convenient, low-cost, and versatile product coverings. The ongoing consumer preference for processed food products and ready-to-consume food products is expanding the demand for flexible industrial packaging solutions in the European and Asia-Pacific region. A recent survey by the South Korean government revealed a boost in processed food sales in 2022, with a rise in the number and frequency of purchases.
FPNV Positioning MatrixThe FPNV Positioning Matrix is pivotal in evaluating the Flexible Industrial Packaging Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share AnalysisThe Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Flexible Industrial Packaging Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company ProfilesThe report delves into recent significant developments in the Flexible Industrial Packaging Market, highlighting leading vendors and their innovative profiles. These include Amcor PLC, Apple Converting Inc., Assemblies Unlimited, Inc., Berry Global Inc., C-P Flexible Packaging, Inc., Constantia Flexibles International GmbH, Cosmo Films, Coveris Management GmbH, ePac Holdings, LLC, Filton Packaging, FlexPak Services LLC, FPS Flexible Packaging Solutions, Huhtamäki Oyj, Jarrett Industries, Logos Pack, Mondi PLC, Multi-Plastics, Inc., Novolex, Oliver-Tolas Healthcare Packaging B.V., PPC Flexible Packaging LLC, ProAmpac Holdings Inc., Rengo Co., Ltd., Reynolds Consumer Products LLC by Alcoa Corporation, Sealed Air Corporation, Sonoco Products Company, Transcontinental Inc., UKRPLASTIC, Victory Packaging by WestRock Company, Wipak Walsrode GmbH & Co. KG, and Yash Pakka Limited.
Market Segmentation & CoverageThis research report categorizes the Flexible Industrial Packaging Market to forecast the revenues and analyze trends in each of the following sub-markets:Type
Bags
Pouches
Rollstock
Wraps
Material
Aluminum Foil
Bioplastic
Paper
Plastic Films
Industry
Chemical & Construction
Food & Beverage
Personal Care & Cosmetics
Pharma & Healthcare
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:1. What is the market size and forecast of the Flexible Industrial Packaging Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Flexible Industrial Packaging Market?
3. What are the technology trends and regulatory frameworks in the Flexible Industrial Packaging Market?
4. What is the market share of the leading vendors in the Flexible Industrial Packaging Market?
5. Which modes and strategic moves are suitable for entering the Flexible Industrial Packaging Market?
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