Flexible Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Flexible Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Flexible Packaging Market

The flexible packaging market size was valued at USD 258.67 billion in 2022, and the market is now projected to grow from USD 272.10 billion in 2023 to USD 402.79 billion by 2030, exhibiting a CAGR of 5.76% during the forecast period of 2023-2030.

Government imposed lockdowns due to the outbreak of COVID-19 and thus, manufacturing units and many retail outlets, are shut for some time. Though, there was high demand of medical facilities and pharma products, hence the required films, pouches, and bags for safe deliveries. These needs stimulated the market growth during the pandemic since consumers demanded flexible packaging.

Food packaging is important in maintaining the quality of the packaged foods in that there are hermetic and indestructible packaging techniques that help shield the packed foods from air and moisture. This also means increased shelf lives, less wastage and keeps the food items fresh at the same time. Another advantage of portioned food is that portioned food is easy to digest hence helping the body to easily digest food without swelling up, there is no chance of over eating hence reducing cases of people who eat till they cannot bend and lastly it reduces food wastage. The food that is wasted during the supply chain amounted to 100 million tons annually in 2018, which lead to adverse sky impacts.

Digital printing involves direct digital transfer of images on media substrates thus eliminating the printing plates used in other forms of printing. It provides better color rendering and image quality at the same time as it is much quicker to produce. Such advantages lead to higher levels of adoption of DP as a preferred choice for many business sectors.

Comprehensive Analysis of Flexible Packaging Market

The flexible packaging market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by material analysis, by product type analysis, and by end-use industry analysis. By material analysis incudes plastic, paper & paperboard, and aluminum. By product type analysis incudes pouches & sachets, bags, films & wraps, tubes, tapes & labels, and others. By end-use industry analysis incudes food & beverage, pharmaceutical, personal care & cosmetics, homecare, industrial, e-commerce, and others.

The Asia Pacific region lead the flexible packaging market share by benefitting a market size of USD 98.45 billion in 2022 due to increasing disposable income.

Top players in the market have their responsibility of packaging industrial prospectus growth of the retailing industry and the markets. These players include, Amcor, Constantia Flexibles, Sonoco Product Company, Berry Global, Aluflexpack AG, Bak Ambalaj Sanayi, Transcontinental Inc., B&A Packaging India Ltd., UFlex Limited, SCG Packaging, Mondi, Huhtamaki these market players provide a level-playing competitive landscape.

In July 2023, Berry Global launched NordiVent, a high-performance form-fill-seal film with 50% recycled content, offering waterproof, dust, and moisture resistance for powdered products.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2017-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2017-2021

Growth Rate CAGR of 5.76% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Material

Plastic

Paper & Paperboard

Aluminum

By Product Type

Pouches & Sachets

Bags

Films & Wraps

Tubes

Tapes & Labels

Others

By End-use Industry

Food & Beverage

Pharmaceutical

Personal Care & Cosmetics

Homecare

Industrial

E-commerce

Others

By Region

North America (By Material, By Product Type, By End-use Industry, and Country)

U.S. (By End-use Industry)

Canada (By End-use Industry)

Europe (By Material, By Product Type, By End-use Industry, and Country)

Germany (By End-use Industry)

U.K. (By End-use Industry)

France (By End-use Industry)

Italy (By End-use Industry)

Spain (By End-use Industry)

Russia (By End-use Industry)

Poland (By End-use Industry)

Romania (By End-use Industry)

Rest of Europe (By End-use Industry)

Asia Pacific (By Material, By Product Type, By End-use Industry, and Country)

China (By End-use Industry)

India (By End-use Industry)

Japan(By End-use Industry)

Australia (By End-use Industry)

South Korea (By End-use Industry)

Southeast Asia (By End-use Industry)

Rest of Asia Pacific (By End-use Industry)

Latin America (By Material, By Product Type, By End-use Industry, and Country)

Brazil (By End-use Industry)

Mexico (By End-use Industry)

Argentina (By End-use Industry)

Rest of Latin America (By End-use Industry)

The Middle East & Africa (By Material, By Product Type, By End-use Industry, and Country)

Saudi Arabia (By End-use Industry)

U.A.E. (By End-use Industry)

Oman (By End-use Industry)

South Africa (By End-use Industry)

Rest of Middle East and Africa (By End-use Industry)