Global Flexible Packaging Market Outlook, 2027

Global Flexible Packaging Market Outlook, 2027

Flexible packaging is a package made of non-rigid or easily yielding material which when filled or closed, can be readily changed in shape. Flexible packaging is produced from paper, plastic, film, aluminum foil, or any combination of these materials, and includes bags, wraps, pouches, sachets, blisters, roll stock, and other flexible products. Flexible packages are peculiarly useful in firms that require versatile packaging, such as the food, beverages, personal care, pharmaceutical and other industries. Thanks to its cost efficient nature, versatility, and endowment to sustainability efforts, flexible packaging is flattering progressively popular.

According to the report title, “Global Flexible Packaging Market Outlook, 2027”, publish by Bonafide research, the market was value at around USD 242 Billion in 2021 and it is anticipated to grow with the CAGR of more than 4.5%from 2022 to 2027.

Flexible packaging uses quite a wide range of materials that include plastic, paper, polymer films, aluminum foil, metallic foil, cellulosic and bio-plastic films. Many factors influence the selection of the materials that best suit the product to be packed such as layer role in the package construction, mechanical strength, barrier, printing, heat resistance, sealing parameters, visual appearance, recyclability, cost etc. According to the report, based on material type market is segmented into plastic, paper, aluminum foil and other materials. The plastic segment is leading the market with more than 65% of value market share and it is anticipated to capture higher market share in forecast years. Plastics are the most common and wide ranging matter used for packaging. Some of their extensive uses are bags, bottles, foils, trays, cups, pots, pouches, and bowls. The convenience and extensive use of plastic in food packaging is owed to its low cost, ease of process ability, formability, chemical resistance, lightweight, and a diversity of physical properties. However, plastic suffers from permeability to gas, vapor, and light. Paper is used for provisional food containment and protection due to its high permeability and inability to be fastened with heat. When paper used as paramount packaging, waxes, resins, and lacquers are used as coatings and laminates to intensify the paper’s protective and utilitarian properties. Aluminum foil is in general used for pouches, foils, beverage cans, tubes, trays and coffee capsules. It has good resistance to temperature oscillations and acts as an excellent gas barrier, which extends the shelf life of the food. It has superlative malleability and formability and can be easily embossed. It is relatively innocuous, lightweight, and can be recycled indefinitely.

Thanks to the increased consumer focus on convenience and sustainability flexible packaging is seeing peculiarity growth across all formats and producing innovative and creative solutions for food, beverage, pharmaceuticals, personal care and other consumer packaged goods. It provides potent, highly cost and resource efficient methods to preserve and protect, distribute packaged goods and consumables, including many that need extended shelf life. According to the report, based on application, market is segmented into food, beverages, pharmaceuticals, personal care and other applications. The food and beverages segment is leading the market with more than 65% of value market share, followed by the pharmaceuticals segment.

Flexible packaging comes in a diversity of materials, shapes, and sizes, and is typically produced in either formed or unformed configurations. Formed products are pre-shaped with the option of filling and sealing yourself in-house, while unformed products generally come on a roll that is sent to co-packers for forming and filling. The matters used in flexible packaging are easy to manipulate and amalgamate into innovative and customizable styles. According to the report, based on packaging type, market is segmented into bags, wraps, pouches and other packaging type. The pouches segment is leading the market with more than 36% of value market share.

According to the report, based on region, the flexible packaging market is segmented into five major regions i.e. North America, Europe, Asia-Pacific, South America and Middle East & Africa. The Asia-pacific region is dominating the market with more than 45% value market share. Based on country, china is leading the flexible packaging market with more than 16% market share. There are many prominent companies in the flexible packaging market which are driving the market. The companies are Amcor Plc, Berry Global Group Inc., Mondi Group, Sealed Air Corporation and Constantia Flexibles.

As the corona virus outbreak has spread and its humanitarian impact has grown, industries that help provide for essential needs, such as getting food and required supplies safely to consumers, are increasingly affected. However, empowering the essential services to operate during the pandemic has had a nominal impact on the global flexible packaging market in 2020.

Major Companies present in the market:
Amcor Plc, Berry Global Group Inc., Mondi Group, Sealed Air Corporation, Constantia Flexibles, Coveris Holding SA, Transcontinental Inc., HuhtamäkiOyj, Sonoco Products Company, Ahlstrom-MunksjöOyj, Greif, Inc., Westrock Company, AptarGroup, Inc., FlexPak Services LLC, Al Invest Bridlicnaa.s., Aran Group., Alubergs.p.a., Danaflex Group, Bischof + Klein SE & Co. KG, Glenroy, Inc., Clondalkin Group Holdings BV, ProAmpac Intermediate, Inc.

Considered in this report
Geography: Global
Base year: 2021
Estimated year: 2022
Forecast year: 2027

Aspects covered in this report
Global Flexible Packaging market with its value and forecast along with its segments
Region-wise flexible packaging market analysis
Various drivers and challenges
On-going trends and developments
Top profiled companies
Strategic recommendation

Regions covered in the report
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia)
Asia-Pacific (China, Japan, India, Australia, South Korea)
South America (Brazil, Argentina)
Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Types of Material in the report:
Plastic
Paper
Aluminum Foil
Others

By End-Use in the report:
Food
Beverages
Pharmaceuticals
Personal care
Others

Types of Packaging in the report:
Bags
Wraps
Pouches
Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to flexible packaging industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.