Flexible Packaging

Global Flexible Packaging Market to Reach US$360.2 Billion by 2030

The global market for Flexible Packaging estimated at US$225.5 Billion in the year 2024, is expected to reach US$360.2 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2024-2030. Plastic, one of the segments analyzed in the report, is expected to record a 8.1% CAGR and reach US$233.4 Billion by the end of the analysis period. Growth in the Paper segment is estimated at 7.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$53.5 Billion While China is Forecast to Grow at 9.9% CAGR

The Flexible Packaging market in the U.S. is estimated at US$53.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$85.6 Billion by the year 2030 trailing a CAGR of 9.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.5% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.

Global Flexible Packaging Market - Key Trends and Drivers Summarized

Flexible packaging refers to a range of packaging products made from flexible materials that can easily change shape. These materials include plastic, foil, and paper, and they are used to create pouches, bags, wraps, and other types of containers. Flexible packaging is widely utilized across various industries, including food and beverage, pharmaceuticals, cosmetics, and consumer goods, due to its versatility, durability, and cost-effectiveness. The ability of flexible packaging to extend the shelf life of products, enhance convenience for consumers, and reduce transportation costs due to its lightweight nature makes it an increasingly popular choice in the packaging industry.

The flexible packaging market has seen significant advancements and innovations over the years. With the rise of sustainable practices, many companies are investing in the development of eco-friendly flexible packaging solutions. This includes the use of biodegradable and recyclable materials that reduce environmental impact. Technological advancements have also led to improvements in the functionality of flexible packaging, such as better barrier properties, resealability, and enhanced printing capabilities for attractive designs and branding. The adoption of smart packaging technologies, which incorporate sensors and indicators to monitor the freshness and condition of products, further exemplifies the dynamic evolution of flexible packaging.

The growth in the flexible packaging market is driven by several factors. The increasing demand for convenient and lightweight packaging solutions from both consumers and manufacturers is a primary driver, as flexible packaging offers significant advantages in terms of portability and ease of use. Technological advancements in materials and production processes have enabled the creation of more durable and versatile packaging options that meet stringent industry standards. The rising awareness and regulatory pressures regarding environmental sustainability have spurred the adoption of recyclable and biodegradable flexible packaging materials. Additionally, the booming e-commerce industry has increased the need for reliable and protective packaging that can withstand the rigors of shipping while being cost-effective. Consumer behavior trends, such as the preference for on-the-go and single-serve products, also contribute to the growing demand for flexible packaging.

SCOPE OF STUDY:

The report analyzes the Flexible Packaging market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Material (Plastic, Paper, Other Materials); Application (Food & Beverages, Pharmaceuticals, Cosmetics, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 349 Featured) -

• Ball Corporation
• Cascades, Inc.
• Bischof + Klein SE & Co. KG
• Ab Rani Plast Oy
• Achaika Plastics SA
• Anchor Packaging, Inc.
• Carton Pack SpA
• Consolidated Container Company
• C-P Flexible Packaging
• Amerplast Ltd.
• Aeroflex USA, Inc.
• AR Packaging Group AB
• Bryce Corporation
• Aluflexpack
• Advanced Packaging Technology

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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