Global Flexible Packaging Market 2022-2028
MARKET OUTLOOK
Triton Market Research has estimated that the global flexible packaging market to progress with a CAGR of 4.66% in revenue and 4.01% in volume during the forecasted period 2022-2028.
The growing urbanization and higher focus on sustainability in packaging have raised the demand for convenient packaging. In this regard, flexible packaging preserves consumer products such as food & beverages for longer, increasing their shelf life. Hence, these factors are contributing to the growth of the flexible packaging market.
However, the cost of materials in the production of flexible packaging constitutes around 60% of the total expenditure. As a result, vendors charge high prices from the customers, which negatively impacts the studied market’s growth. On the bright side, the increasing public awareness regarding environmental issues has boosted the demand for sustainable packaging solutions. This, along with the rapid growth of the e-commerce industry, presents growth opportunities for the market.
REGIONAL OUTLOOK
The global flexible packaging market spans North America, Latin America, Asia-Pacific, the Middle East and Africa, and Europe. Asia-Pacific presently leads the global market and is estimated to reign over the forecast period.
Factors such as the rising packaged food market, private investments in flexible packaging, and expanding plastic production are expected to augment the flexible packaging market’s growth in the region. Furthermore, due to the availability of low-cost labor, manufacturers are implementing new strategies, such as product launches, agreements, acquisitions, etc., to gain a competitive edge in the market. These developments are driving the market’s growth.
COMPETITIVE OUTLOOK
The key players in the flexible packaging market include Amerplast, Bischof + Klein SE & Co KG, Sealed Air Corporation, Mondi Group, Michelman Japan LLC, Asahi Kasei, Hosokawa Yoko Co Ltd, Bryce Corporation, Korpack Corporation, Amcor Ltd, Kohjin Film & Chemicals Co Ltd, American Packaging Corporation, EPAC, Rengo Co Ltd, Dai Nippon Printing Co Ltd, Flair Flexible Packaging Corporation, Mitsui Bussan Packaging Co Ltd, Takigawa Corporation, Handoo Package Co Ltd, Okura Industrial, Solvay SA, TCL Packaging, Coveris Management GmbH, and KM Packaging Services Ltd.
Sealed Air Corporation is a diversified packaging solution company. It offers films, packaging equipment systems, trays, and easy-open solutions under various trademarks and patents. The company serves various industries, including food service, healthcare, retail, industrial, food & beverages, commercial, and consumer. It has operations across multiple regions comprising the Asia-Pacific, the Middle East and Africa, Europe, North America, and Latin America. The company is headquartered in North Carolina, the United States.
- 1. Global Flexible Packaging Market - Summary
- 2. Industry Outlook
- 2.1. Impact Of Covid-19 On The Flexible Packaging Market
- 2.2. Key Insights
- 2.2.1. Flexible Plastics Are A Good Substitute For Traditional Packaging
- 2.2.2. Improvements In Manufacturing Activities
- 2.2.3. Rotogravure Printing Is Expected To Show High Growth Trends
- 2.3. Porter’s Five Forces Analysis
- 2.3.1. Threat Of New Entrants
- 2.3.2. Threat Of Substitutes
- 2.3.3. Bargaining Power Of Buyers
- 2.3.4. Bargaining Power Of Suppliers
- 2.3.5. Threat Of Competitive Rivalry
- 2.4. Market Attractiveness Index
- 2.5. Vendor Scorecard
- 2.6. Industry Components
- 2.6.1. Manufacturers
- 2.6.2. Distributors
- 2.6.3. End-user
- 2.7. Key Market Strategies
- 2.7.1. Mergers & Acquisitions
- 2.7.2. Product Launches & Developments
- 2.7.3. Partnerships & Agreements
- 2.7.4. Business Expansions & Divestitures
- 2.8. Market Drivers
- 2.8.1. Rise In Demand For Convenient Packaging
- 2.8.2. Increasing Demand For Processed And Packaged Food
- 2.8.3. Need For Improved Shelf Life
- 2.9. Market Challenges
- 2.9.1. Challenges In Recycling Flexible Packaging Products
- 2.9.2. High Operational Cost
- 2.9.3. Increasing Raw Material Costs
- 2.10. Market Opportunities
- 2.10.1. Growing Demand For Sustainable Packaging Solutions
- 2.10.2. Increased Demand From The E-commerce Industry
- 3. Global Flexible Packaging Market – By Raw Material (Revenue In $ Billion & Volume In Kiloton)
- 3.1. Paper
- 3.2. Aluminum
- 3.3. Bioplastic
- 3.4. Plastic
- 4. Global Flexible Packaging Market – By Application (Revenue In $ Billion & Volume In Kiloton)
- 4.1. Food & Beverage
- 4.2. Pharmaceutical
- 4.3. Cosmetics
- 4.4. Others
- 5. Global Flexible Packaging Market – By Type (Revenue In $ Billion)
- 5.1. Stand-up Pouches
- 5.2. Flat Pouches
- 5.3. Rollstock
- 5.4. Gusseted Bags
- 5.5. Wicketed Bags
- 5.6. Wraps
- 6. Global Flexible Packaging Market – By Printing Technology (Revenue In $ Billion)
- 6.1. Flexography
- 6.2. Rotogravure
- 6.3. Digital Printing
- 6.4. Others
- 7. Global Flexible Packaging Market – Regional Outlook (Revenue In $ Billion & Volume In Kiloton)
- 7.1. North America
- 7.1.1. Market By Raw Material
- 7.1.2. Market By Application
- 7.1.3. Market By Type
- 7.1.4. Market By Printing Technology
- 7.1.5. Country Analysis
- 7.1.5.1. United States
- 7.1.5.2. Canada
- 7.2. Europe
- 7.2.1. Market By Raw Material
- 7.2.2. Market By Application
- 7.2.3. Market By Type
- 7.2.4. Market By Printing Technology
- 7.2.5. Country Analysis
- 7.2.5.1. United Kingdom
- 7.2.5.2. Germany
- 7.2.5.3. France
- 7.2.5.4. Spain
- 7.2.5.5. Italy
- 7.2.5.6. Rest Of Europe
- 7.3. Asia-pacific
- 7.3.1. Market By Raw Material
- 7.3.2. Market By Application
- 7.3.3. Market By Type
- 7.3.4. Market By Printing Technology
- 7.3.5. Country Analysis
- 7.3.5.1. China
- 7.3.5.2. Japan
- 7.3.5.3. India
- 7.3.5.4. South Korea
- 7.3.5.5. Asean Countries
- 7.3.5.6. Australia & New Zealand
- 7.3.5.7. Rest Of Asia-pacific
- 7.4. Latin America
- 7.4.1. Market By Raw Material
- 7.4.2. Market By Application
- 7.4.3. Market By Type
- 7.4.4. Market By Printing Technology
- 7.4.5. Country Analysis
- 7.4.5.1. Brazil
- 7.4.5.2. Mexico
- 7.4.5.3. Rest Of Latin America
- 7.5. Middle East And Africa
- 7.5.1. Market By Raw Material
- 7.5.2. Market By Application
- 7.5.3. Market By Type
- 7.5.4. Market By Printing Technology
- 7.5.5. Country Analysis
- 7.5.5.1. United Arab Emirates
- 7.5.5.2. Turkey
- 7.5.5.3. Saudi Arabia
- 7.5.5.4. South Africa
- 7.5.5.5. Rest Of Middle East & Africa
- 8. Competitive Landscape
- 8.1. Rengo Co Ltd
- 8.2. Mitsui Bussan Packaging Co Ltd
- 8.3. Hosokawa Yoko Co Ltd
- 8.4. Takigawa Corporation
- 8.5. Michelman Japan Llc
- 8.6. Asahi Kasei
- 8.7. Dai Nippon Printing Co Ltd
- 8.8. Kohjin Film & Chemicals Co Ltd
- 8.9. Okura Industrial
- 8.10. Sealed Air Corporation
- 8.11. Flair Flexible Packaging Corporation
- 8.12. Epac
- 8.13. Korpack Corporation
- 8.14. Handoo Package Co Ltd
- 8.15. Mondi Group
- 8.16. Amcor Ltd
- 8.17. Amerplast
- 8.18. Solvay S.A.
- 8.19. Coveris Management Gmbh
- 8.20. Km Packaging Services Ltd
- 8.21. Tcl Packaging
- 8.22. American Packaging Corporation
- 8.23. Bryce Corporation
- 8.24. Bischof + Klein Se & Co Kg
- 9. Research Methodology & Scope
- 9.1. Research Scope & Deliverables
- 9.2. Sources Of Data
- 9.3. Research Methodology
- Table List
- Table 1: Global Flexible Packaging Market, Regional Outlook, 2022-2028 (In $ Billion)
- Table 2: Global Flexible Packaging Market, Regional Outlook, 2022-2028 (In Kiloton)
- Table 3: Vendor Scorecard
- Table 4: List Of Mergers & Acquisitions
- Table 5: List Of Product Launches & Developments
- Table 6: List Of Partnerships & Agreements
- Table 7: List Of Business Expansions & Divestitures
- Table 8: Global Flexible Packaging Market, By Raw Material, 2022-2028 (In $ Billion)
- Table 9: Global Flexible Packaging Market, By Raw Material, 2022-2028 (In Kiloton)
- Table 10: Global Flexible Packaging Market, By Application, 2022-2028 (In $ Billion)
- Table 11: Global Flexible Packaging Market, By Application, 2022-2028 (In Kiloton)
- Table 12: Global Flexible Packaging Market, By Type, 2022-2028 (In $ Billion)
- Table 13: Global Flexible Packaging Market, By Printing Technology, 2022-2028 (In $ Billion)
- Table 14: Global Flexible Packaging Market, Regional Outlook, 2022-2028 (In $ Billion)
- Table 15: Global Flexible Packaging Market, Regional Outlook, 2022-2028 (In Kiloton)
- Table 16: North America Flexible Packaging Market, Country Outlook, 2022-2028 (In $ Billion)
- Table 17: North America Flexible Packaging Market, Country Outlook, 2022-2028 (In Kiloton)
- Table 18: North America Flexible Packaging Market, By Raw Material, 2022-2028 (In $ Billion)
- Table 19: North America Flexible Packaging Market, By Raw Material, 2022-2028 (In Kiloton)
- Table 20: North America Flexible Packaging Market, By Application, 2022-2028 (In $ Billion)
- Table 21: North America Flexible Packaging Market, By Application, 2022-2028 (In Kiloton)
- Table 22: North America Flexible Packaging Market, By Type, 2022-2028 (In $ Billion)
- Table 23: North America Flexible Packaging Market, By Printing Technology, 2022-2028 (In $ Billion)
- Table 24: Europe Flexible Packaging Market, Country Outlook, 2022-2028 (In $ Billion)
- Table 25: Europe Flexible Packaging Market, Country Outlook, 2022-2028 (In Kiloton)
- Table 26: Europe Flexible Packaging Market, By Raw Material, 2022-2028 (In $ Billion)
- Table 27: Europe Flexible Packaging Market, By Raw Material, 2022-2028 (In Kiloton)
- Table 28: Europe Flexible Packaging Market, By Application, 2022-2028 (In $ Billion)
- Table 29: Europe Flexible Packaging Market, By Application, 2022-2028 (In Kiloton)
- Table 30: Europe Flexible Packaging Market, By Type, 2022-2028 (In $ Billion)
- Table 31: Europe Flexible Packaging Market, By Printing Technology, 2022-2028 (In $ Billion)
- Table 32: Asia-pacific Flexible Packaging Market, Country Outlook, 2022-2028 (In $ Billion)
- Table 33: Asia-pacific Flexible Packaging Market, Country Outlook, 2022-2028 (In Kiloton)
- Table 34: Asia-pacific Flexible Packaging Market, By Raw Material, 2022-2028 (In $ Billion)
- Table 35: Asia-pacific Flexible Packaging Market, By Raw Material, 2022-2028 (In Kiloton)
- Table 36: Asia-pacific Flexible Packaging Market, By Application, 2022-2028 (In $ Billion)
- Table 37: Asia-pacific Flexible Packaging Market, By Application, 2022-2028 (In Kiloton)
- Table 38: Asia-pacific Flexible Packaging Market, By Type, 2022-2028 (In $ Billion)
- Table 39: Asia-pacific Flexible Packaging Market, By Printing Technology, 2022-2028 (In $ Billion)
- Table 40: Latin America Flexible Packaging Market, Country Outlook, 2022-2028 (In $ Billion)
- Table 41: Latin America Flexible Packaging Market, Country Outlook, 2022-2028 (In Kiloton)
- Table 42: Latin America Flexible Packaging Market, By Raw Material, 2022-2028 (In $ Billion)
- Table 43: Latin America Flexible Packaging Market, By Raw Material, 2022-2028 (In Kiloton)
- Table 44: Latin America Flexible Packaging Market, By Application, 2022-2028 (In $ Billion)
- Table 45: Latin America Flexible Packaging Market, By Application, 2022-2028 (In Kiloton)
- Table 46: Latin America Flexible Packaging Market, By Type, 2022-2028 (In $ Billion)
- Table 47: Latin America Flexible Packaging Market, By Printing Technology, 2022-2028 (In $ Billion)
- Table 48: Middle East And Africa Flexible Packaging Market, Country Outlook, 2022-2028 (In $ Billion)
- Table 49: Middle East And Africa Flexible Packaging Market, Country Outlook, 2022-2028 (In Kiloton)
- Table 50: Middle East And Africa Flexible Packaging Market, By Raw Material, 2022-2028 (In $ Billion)
- Table 51: Middle East And Africa Flexible Packaging Market, By Raw Material, 2022-2028 (In Kiloton)
- Table 52: Middle East And Africa Flexible Packaging Market, By Application, 2022-2028 (In $ Billion)
- Table 53: Middle East And Africa Flexible Packaging Market, By Application, 2022-2028 (In Kiloton)
- Table 54: Middle East And Africa Flexible Packaging Market, By Type, 2022-2028 (In $ Billion)
- Table 55: Middle East And Africa Flexible Packaging Market, By Printing Technology, 2022-2028 (In $ Billion)
- Figure List
- Figure 1: Market Attractiveness Index
- Figure 2: Industry Components
- Figure 3: Global Flexible Packaging Market, By Raw Material, 2021 & 2028 (In %)
- Figure 4: Global Flexible Packaging Market, By Paper, 2022-2028 (In $ Billion)
- Figure 5: Global Flexible Packaging Market, By Aluminum, 2022-2028 (In $ Billion)
- Figure 6: Global Flexible Packaging Market, By Bioplastic, 2022-2028 (In $ Billion)
- Figure 7: Global Flexible Packaging Market, By Plastic, 2022-2028 (In $ Billion)
- Figure 8: Global Flexible Packaging Market, By Application, 2021 & 2028 (In %)
- Figure 9: Global Flexible Packaging Market, By Food & Beverage, 2022-2028 (In $ Billion)
- Figure 10: Global Flexible Packaging Market, By Pharmaceutical, 2022-2028 (In $ Billion)
- Figure 11: Global Flexible Packaging Market, By Cosmetics, 2022-2028 (In $ Billion)
- Figure 12: Global Flexible Packaging Market, By Others, 2022-2028 (In $ Billion)
- Figure 13: Global Flexible Packaging Market, By Type, 2021 & 2028 (In %)
- Figure 14: Global Flexible Packaging Market, By Stand-up Pouches, 2022-2028 (In $ Billion)
- Figure 15: Global Flexible Packaging Market, By Flat Pouches, 2022-2028 (In $ Billion)
- Figure 16: Global Flexible Packaging Market, By Rollstock, 2022-2028 (In $ Billion)
- Figure 17: Global Flexible Packaging Market, By Gusseted Bags, 2022-2028 (In $ Billion)
- Figure 18: Global Flexible Packaging Market, By Wicketed Bags, 2022-2028 (In $ Billion)
- Figure 19: Global Flexible Packaging Market, By Wraps, 2022-2028 (In $ Billion)
- Figure 20: Global Flexible Packaging Market, By Printing Technology, 2021 & 2028 (In %)
- Figure 21: Global Flexible Packaging Market, By Flexography, 2022-2028 (In $ Billion)
- Figure 22: Global Flexible Packaging Market, By Rotogravure, 2022-2028 (In $ Billion)
- Figure 23: Global Flexible Packaging Market, By Digital Printing, 2022-2028 (In $ Billion)
- Figure 24: Global Flexible Packaging Market, By Others, 2022-2028 (In $ Billion)
- Figure 25: Global Flexible Packaging Market, Regional Outlook, 2021 & 2028 (In %)
- Figure 26: United States Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 27: Canada Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 28: United Kingdom Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 29: Germany Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 30: France Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 31: Spain Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 32: Italy Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 33: Rest Of Europe Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 34: China Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 35: Japan Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 36: India Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 37: South Korea Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 38: Asean Countries Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 39: Australia & New Zealand Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 40: Rest Of Asia-pacific Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 41: Brazil Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 42: Mexico Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 43: Rest Of Latin America Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 44: United Arab Emirates Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 45: Turkey Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 46: Saudi Arabia Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 47: South Africa Flexible Packaging Market 2022-2028 (In $ Billion)
- Figure 48: Rest Of Middle East & Africa Flexible Packaging Market 2022-2028 (In $ Billion)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook