Flexible Plastic Snack Food Packaging Market Forecasts to 2028 – Global Analysis By Product Type (Lay Flat Pouches, Stand-Up Pouches and Other Product Types), By Material Type (Linear Low-Density Polyethylene, Bi-Axially-Oriented Polypropylene and Other M

Flexible Plastic Snack Food Packaging Market Forecasts to 2028 – Global Analysis By Product Type (Lay Flat Pouches, Stand-Up Pouches and Other Product Types), By Material Type (Linear Low-Density Polyethylene, Bi-Axially-Oriented Polypropylene and Other Material Types), By Application, and By Geography.

According to Stratistics MRC, the Global Flexible Plastic Snacks Food Packaging Market is accounted for $108582.4 million in 2022 and is expected to reach $180107.9 million by 2028 growing at a CAGR of 8.8% during the forecast period. Plastics are used in many types of food packaging methods owing to the fact that plastic packaging protects food from damage, ensures food safety, and extends the freshness of foods. Packaging material plays an important role in dictating the product's style, thereby making it attractive and increasing its demand. Manufacturers are increasing R&D to develop sustainable materials including paper and recycled plastic to address sustainability and the issue of growing plastic waste. They are personalizing consumer experience by investing in automated packaging machines that help mass produce packaging solutions as per individual requirements. High demand for on-the-go and ready-to-eat food items is fuelling innovations in flexible plastic snack food packaging.

According to the European Bioplastics.org, global production capacities of bioplastics amounted to about 2.11 million tons with more than 53% of the volume destined for the packaging market and According to National Geographic, 115 countries had taken that approach in various ways. For instance, plastic bags less than 50 microns thick are banned in France. In Tunisia, plastic bags less than 40 microns thick are forbidden.

Market Dynamics:

Driver:

Necessity for extended shelf-life of food products

The attractiveness of first-class products in organic food, beverages, and baked food markets with minor synthetic chemicals, preservatives, and other unsure additives has increased significantly. Such a change is likely to transfer the impact of the changing consumer taste and preferences on the global flexible plastic snack food packaging market from rational to high over the forecast period. Extending the shelf-life of food products offers numerous benefits. Hence, the force of the need for extending the shelf-life of food products on the global flexible plastic snack food packaging market is expected to raise during the forecast period.

Restraint:

Strict regulations on packaging material waste and recycling

Government authorities are introducing measures for environmental safety and concerns on the subject of the use of packaging materials, including plastics. Such regulations affect the packaging industry, which involves the substantial use of plastics. Though, many manufacturers of plastic food packaging solutions are investing in developing various grades of plastic that are environmental-friendly and introducing innovative waste management techniques during the packaging processes. Thus, the impact of the stringent regulations on packaging material waste and recycling on the global flexible plastic snack food packaging market is expected to hinder the market growth.

Opportunity:

Growing retail sector

Retailers are inclined to increase the purchase of buying in bulk from product manufacturers to improve their profit margins. Rising retail chains and outlets to enhance the customer grip is likely to supplement the product growth over the proposed timeframe. Thus, the growing retail sector is expected to offer profitable growth opportunities for the players functioning in the global flexible plastic snack food packaging market during the forecast period. Thus, available small and medium-sized manufacturers offer lucrative growth opportunities for the vendors operating in the global flexible plastic snack food packaging market during the forecast period.

Threat:

Lack of recyclability

Multi-layer packaging is in general not recyclable due to the layers themselves. Once packages contain plastic-metal and plastic-paper-metal layers, material separation makes substantially more difficult if not impossible. Poor longevity as plastic degrades over time, the plastic which is used in packaging of food are not degraded easily and takes many years to get degraded and causes pollution. Moreover, plastic can absorb colour, flavours, and smells of the product being contained thereby obstructing the growth of the market.

Covid-19 Impact

Due to the COVID-19 pandemic and the terror among the people related to the rapidly spreading virus, the demand for packaged food increased. Various companies recorded a sharp increase. Moreover, the long queues outside the retail stores further restricted people from stepping out as it increases the chances of virus spread. Thus, the user base on e-commerce channels for packaged food increased dramatically due to the COVID-19 pandemic, which positively influenced the flexible plastic snack food packaging market.

The Stand-Up pouches segment is expected to be the largest during the forecast period

The Stand-Up pouches segment is estimated to have a lucrative growth, due to their lighter weight and more compact size can save on fuel emissions during transportation. Any non-recyclable materials used take up less space in landfills than their inflexible counterparts. Stand-up pouches are recyclable or biodegradable without compromising on safety and quality. They help keep food fresher for longer and give excellent barrier control to protect against the elements. It is also a cost effective packaging method compared to other packing materials. Hence all the above factors are encouraging the growth of flexible plastic snacks food market.

The Bi-Axially-Oriented Polypropylene segment is expected to have the highest CAGR during the forecast period

The Bi-Axially-Oriented Polypropylene segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its protection against air pollution and toxic chemicals. It is also resistant to oils and grease, and it is difficult to puncture. It doesn’t need de-lamination as other plastics do and it is resistant to ultraviolet rays. This plastic is also readily accepted all across the world, which makes shipping a lot easier for companies and the like. Bi-Axially-Oriented Polypropylene has an excellent gloss and high transparency that gives it a stunning finish and is recyclable, which is helping in propelling the global market.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the growing product innovations and rising demand for packaged food. In addition, changing lifestyles and the growing demand for snacks among individuals in the US and Canada are expected to bring abundant growth opportunities for the flexible plastic snack food packaging market. Apart from that, the region is home to some of the prominent snack food companies, such as Hershey, M&M, and Ritz. As a result, it will contribute to the growth of the flexible plastic snack food packaging market.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to increased investments in research & development and product innovation as far as flexible plastic snack food packaging is concerned. These players at this region are adopting several strategies such as mergers & acquisitions, product development, joint ventures, partnerships, and expansion to expand their market share and improve their global market position in this region.

Key players in the market

Some of the key players profiled in the Flexible Plastic Snack Food Packaging Market include Sonoco Products Company, Sealed Air Corporation, Amcor PLC, Bryce Corporation, ProAmpac, Swiss Pack, Coveris, Uflex Limited, Huhtamaki, Clondalkin Group, Purity Flexpack Limited, WestRock Company.

Key Developments:

In Sep 2022, Amcor announced the introduction of DairySeal™ featuring ClearCor™, a more sustainable packaging line for the ready-to-drink dairy market. With the introduction of DairySeal, the exploding nutritional, dairy alternatives, and ready-to-drink (RTD) market will now have a more sustainable packaging option that can be leveraged across all retail channels.

In April 2022, SEE LAUNCHES DIGITAL PACKAGING BRAND PRISMIQ™, The future of digital packaging and graphics is here. prismiq™, powered by our state-of-the-art digital printing technology, is creating game-changing value for customers, enabling touchless automation both in our facilities and our customers’ operations, and making sustainability for packaging real.

In Sept 2020, Sonoco launched the EnviroFlex PE, a recyclable polyethylene flexible packaging solution suitable for a wide range of products, such as cookies, dry/dehydrated foods, confections, snacks, personal care items, pet food items, and others.


Product Types Covered:
• Lay Flat Pouches
• Stand-Up Pouches
• Films & Wraps
• Rollstocks
• Gussetted Bags
• Other Product Types

Material Types Covered:
• Linear Low-Density Polyethylene
• Bi-Axially-Oriented Polypropylene
• Polyethylene
• Polypropylene
• Polyester
• Other Material Types

Applications Covered:
• Nuts & Dried Fruits
• Bakery Snacks
• Savory Snacks
• Candy & Confections
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements