Global Flexible Paper Packaging Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global flexible paper packaging market reached a value of USD 61.2 billion in 2022. Aided by the escalating demand for sustainable and eco-friendly packaging solutions, and diverse applications of flexible paper packaging in multiple sectors, the market is projected to further grow at a CAGR of 4.54% between 2023 and 2028 to reach a value of USD 78.34 billion by 2028.
Flexible paper packaging, derived from renewable sources, is widely utilised as a packaging material for an array of goods, including food, pharmaceuticals, personal care products, and electronics, among others. It plays an integral role in safeguarding the product integrity, facilitating storage and transportation, and extending the product's shelf life. In addition to its protective qualities, flexible paper packaging provides notable advantages in terms of lightweight, customisation capabilities, and biodegradability, making it an indispensable component in various industrial applications.
The burgeoning consumer inclination for sustainable packaging solutions is fuelling the global flexible paper packaging market growth. With the rising awareness about the environmental implications of plastic waste, there has been a significant transition towards eco-friendly packaging alternatives, resulting in a surge in demand for flexible paper packaging. Furthermore, regulatory measures and bans on single-use plastic across various regions are also playing a substantial role in the proliferation of paper-based packaging.
The expanding applications of flexible paper packaging in numerous industries are also contributing to the flexible paper packaging market development. In the food industry, flexible paper packaging is utilised for its lightweight and superior protective properties, reducing transportation costs and mitigating food wastage. The pharmaceutical sector leverages flexible paper packaging for its moisture and air barrier qualities, crucial in maintaining the efficacy of drugs and medicines. The electronics industry also employs flexible paper packaging for its anti-static and cushioning attributes, essential for safeguarding delicate components.
Moreover, the increasing demand for customisation in packaging to enhance brand visibility and consumer engagement has led to a renewed focus on flexible paper packaging. Its adaptability to various shapes and sizes, along with the potential for high-quality printing, make it a favourable choice for businesses aiming to stand out in a competitive market.
Also, the ongoing drive for lightweight packaging solutions to reduce logistics costs and carbon emissions has further strengthened the positioning of flexible paper packaging market. With its inherent light weight, flexible paper packaging allows more units per shipment, improving supply chain efficiency and reducing the overall environmental footprint.
The relentless advancement in technology is another significant factor boosting the flexible paper packaging market expansion. Innovations in barrier coatings and treatments have enhanced the performance of paper packaging, broadening its applicability to a wider range of products. Developments in digital printing have also enabled more vibrant and detailed package graphics, increasing the aesthetic appeal of flexible paper packaging.
Market Segmentation
The market can be divided based on paper type, packaging type, printing technology, embellishing type, end use, and region.
Market Breakup by Paper Type
- Kraft Paper
- Glassine Paper
- Greaseproof Paper
- Parchment Paper
- Sulphite Paper
Market Breakup by Packaging Type
- Pouches
- Rollstock
- Shrink Sleeves
- Wraps
- Others
Market Breakup by Printing Technology
- Rotogravure
- Digital Printing
- Flexography
- Others
Market Breakup by Embellishing Type
Market Breakup by End Use
- Food and Beverages
- Healthcare
- Beauty and Personal Care
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global flexible paper packaging companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Amcor Plc.
- Sonoco Products Company
- Huhtamäki Oyj
- Coveris Management GmbH
- Mondi Plc
- International Paper Company
- Stora Enso Oyj
- Sappi Group
- Sabert Corporation
- Billerud AB
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.