The Flexible Packaging Market size in terms of production volume is expected to grow from 34.67 Million tonnes in 2024 to 40.94 Million tonnes by 2029, at a CAGR of 3.38% during the forecast period (2024-2029).
The flexible packaging market is driven by a combination of factors, including increasing demand for convenient and lightweight packaging solutions, rising consumer awareness toward sustainability, and advancements in packaging technology for improved shelf life and product protection.
The flexible packaging market is fragmented owing to the presence of a few vendors with significant market share. The market is slightly concentrated, with the major players adopting strategies like product innovation, mergers, and acquisitions to remain competitive. The key players in the industry are Amcor Group GmbH, Mondi Group, Berry Global Inc., Sealed Air Corporation, and Huhtamaki Oyj, among others.
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