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By 2030, the global flexible packaging market is predicted to be worth USD 397.42 billion, a CAGR of 5.5% between 2022 and 2030.
Non-rigid materials can be used in flexible packaging, which results in less expensive and more adaptable packaging options. It's a relatively new method in the packaging sector, but it's quickly gained traction because to its high efficiency and low price. Pouches, bags, and other malleable product containers can be made using this packaging method from a variety of flexible materials like foil, plastic, and paper. Food and beverage, personal care, and pharmaceutical products all benefit greatly from flexible packaging because of its adaptability. Energy consumption for flexible packaging is lower than that of rigid packaging. Additionally, numerous forms of flexible packaging have been made to be easily recycled or decomposed in the environment.
The flexible packaging protects the contents from the elements, extending the product's shelf life and keeping it in pristine condition for as long as possible by keeping out liquid dampness, UV radiation, mildew, contaminants, and other potentially harmful environmental elements. The term "flexible packaging" refers to a class of products that can take on a variety of forms during production. Sample pouches, printed pouches, printed roll stock, and sachets are just a few examples of the creative and versatile packaging options that may be made with flexible packaging solutions. Flexible packaging's versatility makes it an excellent fit for many different products and industries, including those dealing with food and drink, cosmetics, toiletries, and cleaning supplies.
Reasons Why
The flexible packaging industry thrives on the rising popularity of single-serving and individually-packaged snacks and convenience items. Flexible packaging is gaining popularity as a result of its many practical, environmental, and financial benefits. Printability, dependability, barrier protection, freshness, and ease of application are all preserved while using flexible packaging. Furthermore, flexible packaging is rising in popularity due to its significant energy and environmental benefits. Flexible packaging presents numerous advantages due to its reduced need for storage, less transportation costs, and expanded consumer options.
Because it uses less raw materials, electrical energy, and water during production and takes up less space in waste disposal facilities after disposal, flexible packaging is more environmentally friendly. The demand for flexible packaging is expected to increase throughout the forecast period as more sectors of the economy choose for greener packaging options in the face of regulatory hurdles. As a means to mitigate rising prices and maintain the quality of product packages, manufacturers are exploring green packaging alternatives that require minimal resources and less electricity to make a package, minimise transportation charges, and provide a longer shelf life to the product.
Refreshments, dairy products, beverages like smoothies, and many other food items are frequently packaged using flexible packaging. Consumers' shifting spending habits and advances in food processing have propelled the expansion of the worldwide packaged food sector, which in turn is expected to increase demand for flexible packaging. In addition, businesses are devoting more resources to minimising their impact on the environment as a direct result of rising consumer awareness of environmental issues. Because of the bigger space available for printing advertisements, stand-up pouches are used as a marketing strategy in grocery stores. This means that flexible packaging is becoming increasingly popular, which is good news for the industry as a whole.
Factors That Hold It Back
Plastic, paper, and metal are all used in the production of various flexible packaging items, but their prices in the marketplace have recently increased. In addition, the price of polypropylene has increased due to a lack of supply. This material is widely used in resins, bottles, and packaging films. Companies' ability to compete in the flexible packaging market has been affected by this situation. In addition, there are more steps involved in recycling multi-layered flexible packaging products than there are with conventional packaging. In addition, a well-functioning recycling infrastructure is required for the reuse and recycling of flexible packaging materials, which is a time- and energy-consuming process.
The global flexible packaging market is broken down into many submarkets based on product type, including pouches, rollstock, bags, films & wraps, and others. The pouches subsegment is expected to generate the most income (48.6% of the total) throughout the projection period. Pouches are small containers created by sealing together two flexible side sheets of material along their outside edges, creating an interior area whose volume is dictated by the positioning of the walls. There are two basic styles of pouches available: SUPs (stand-up pouches) and flat (or pillow) pouches. There are two main types of stand-up pouches: the standard kind, and the retort kind. Pouches are useful for shipping large quantities of coffee and other products like dried and preserved meats. They're user-friendly, come in a range of sizes and shapes, and can be sealed with heat.
The global flexible packaging market is divided into food & drinks, pharmaceutical, healthcare, personal care & cosmetics, and others based on their respective end-use applications. The food and beverage sector is expected to maintain its lead as the market's greatest revenue contributor over the coming years. The key factors propelling the flexible packaging industry are the growing concern for hygiene and safety, rapid urbanisation, shifting consumer preferences, and abundant disposable income. In addition, shoppers value sanitary conditions, product safety, and aesthetic appeal while purchasing food items. The business environment for food service packaging firms is solid. They have a dedicated R&D division that runs tests based on extensive research and makes use of state-of-the-art technology to ensure that their innovations benefit consumers.
Report Coverage
Global Flexible Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flexible Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flexible Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flexible Packaging market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flexible Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flexible Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sealed Air Corporation, Berry Global Group Inc., Constantia Flexibles, Mondi plc, Amcor Ltd., Wipak Group, Huhtamaki Oyj, Ukrplastic, Sonoco Products Company, Transcontinental Inc., Bemis Company, Inc, Huhtamaki, Coveris Holding SA, Bischof + KleinInternational, Sudpack Verpackungen, DS Smith, Westrock Company
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Flexible Packaging market based on the below-mentioned segments:
Global Flexible Packaging Market, By Type
Pouches
Rollstock
Bags
Films & Wraps
Others
Global Flexible Packaging market, By Material
Plastic
Paper
Metal
Bioplastic
Others
Global Flexible Packaging Market, By End User
Food & Beverages
Pharmaceutical
Healthcare
Personal Care
Cosmetics
Others
Global Flexible Packaging market, Regional Analysis
Non-rigid materials can be used in flexible packaging, which results in less expensive and more adaptable packaging options. It's a relatively new method in the packaging sector, but it's quickly gained traction because to its high efficiency and low price. Pouches, bags, and other malleable product containers can be made using this packaging method from a variety of flexible materials like foil, plastic, and paper. Food and beverage, personal care, and pharmaceutical products all benefit greatly from flexible packaging because of its adaptability. Energy consumption for flexible packaging is lower than that of rigid packaging. Additionally, numerous forms of flexible packaging have been made to be easily recycled or decomposed in the environment.
The flexible packaging protects the contents from the elements, extending the product's shelf life and keeping it in pristine condition for as long as possible by keeping out liquid dampness, UV radiation, mildew, contaminants, and other potentially harmful environmental elements. The term "flexible packaging" refers to a class of products that can take on a variety of forms during production. Sample pouches, printed pouches, printed roll stock, and sachets are just a few examples of the creative and versatile packaging options that may be made with flexible packaging solutions. Flexible packaging's versatility makes it an excellent fit for many different products and industries, including those dealing with food and drink, cosmetics, toiletries, and cleaning supplies.
Reasons Why
The flexible packaging industry thrives on the rising popularity of single-serving and individually-packaged snacks and convenience items. Flexible packaging is gaining popularity as a result of its many practical, environmental, and financial benefits. Printability, dependability, barrier protection, freshness, and ease of application are all preserved while using flexible packaging. Furthermore, flexible packaging is rising in popularity due to its significant energy and environmental benefits. Flexible packaging presents numerous advantages due to its reduced need for storage, less transportation costs, and expanded consumer options.
Because it uses less raw materials, electrical energy, and water during production and takes up less space in waste disposal facilities after disposal, flexible packaging is more environmentally friendly. The demand for flexible packaging is expected to increase throughout the forecast period as more sectors of the economy choose for greener packaging options in the face of regulatory hurdles. As a means to mitigate rising prices and maintain the quality of product packages, manufacturers are exploring green packaging alternatives that require minimal resources and less electricity to make a package, minimise transportation charges, and provide a longer shelf life to the product.
Refreshments, dairy products, beverages like smoothies, and many other food items are frequently packaged using flexible packaging. Consumers' shifting spending habits and advances in food processing have propelled the expansion of the worldwide packaged food sector, which in turn is expected to increase demand for flexible packaging. In addition, businesses are devoting more resources to minimising their impact on the environment as a direct result of rising consumer awareness of environmental issues. Because of the bigger space available for printing advertisements, stand-up pouches are used as a marketing strategy in grocery stores. This means that flexible packaging is becoming increasingly popular, which is good news for the industry as a whole.
Factors That Hold It Back
Plastic, paper, and metal are all used in the production of various flexible packaging items, but their prices in the marketplace have recently increased. In addition, the price of polypropylene has increased due to a lack of supply. This material is widely used in resins, bottles, and packaging films. Companies' ability to compete in the flexible packaging market has been affected by this situation. In addition, there are more steps involved in recycling multi-layered flexible packaging products than there are with conventional packaging. In addition, a well-functioning recycling infrastructure is required for the reuse and recycling of flexible packaging materials, which is a time- and energy-consuming process.
The global flexible packaging market is broken down into many submarkets based on product type, including pouches, rollstock, bags, films & wraps, and others. The pouches subsegment is expected to generate the most income (48.6% of the total) throughout the projection period. Pouches are small containers created by sealing together two flexible side sheets of material along their outside edges, creating an interior area whose volume is dictated by the positioning of the walls. There are two basic styles of pouches available: SUPs (stand-up pouches) and flat (or pillow) pouches. There are two main types of stand-up pouches: the standard kind, and the retort kind. Pouches are useful for shipping large quantities of coffee and other products like dried and preserved meats. They're user-friendly, come in a range of sizes and shapes, and can be sealed with heat.
The global flexible packaging market is divided into food & drinks, pharmaceutical, healthcare, personal care & cosmetics, and others based on their respective end-use applications. The food and beverage sector is expected to maintain its lead as the market's greatest revenue contributor over the coming years. The key factors propelling the flexible packaging industry are the growing concern for hygiene and safety, rapid urbanisation, shifting consumer preferences, and abundant disposable income. In addition, shoppers value sanitary conditions, product safety, and aesthetic appeal while purchasing food items. The business environment for food service packaging firms is solid. They have a dedicated R&D division that runs tests based on extensive research and makes use of state-of-the-art technology to ensure that their innovations benefit consumers.
Report Coverage
Global Flexible Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flexible Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flexible Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flexible Packaging market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Sealed Air Corporation, Berry Global Group Inc., Constantia Flexibles, Mondi plc, Amcor Ltd., Wipak Group, Huhtamaki Oyj, Ukrplastic, Sonoco Products Company, Transcontinental Inc., Bemis Company, Inc, Huhtamaki, Coveris Holding SA, Bischof + KleinInternational, Sudpack Verpackungen, DS Smith, Westrock Company |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Flexible Packaging Market from 2021 to 2030.
- Market Forecast for Flexible Packaging Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Flexible Packaging competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Flexible Packaging
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flexible Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flexible Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sealed Air Corporation, Berry Global Group Inc., Constantia Flexibles, Mondi plc, Amcor Ltd., Wipak Group, Huhtamaki Oyj, Ukrplastic, Sonoco Products Company, Transcontinental Inc., Bemis Company, Inc, Huhtamaki, Coveris Holding SA, Bischof + KleinInternational, Sudpack Verpackungen, DS Smith, Westrock Company
Primary Target Market
- Market Players of Flexible Packaging
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Flexible Packaging market based on the below-mentioned segments:
Global Flexible Packaging Market, By Type
Pouches
Rollstock
Bags
Films & Wraps
Others
Global Flexible Packaging market, By Material
Plastic
Paper
Metal
Bioplastic
Others
Global Flexible Packaging Market, By End User
Food & Beverages
Pharmaceutical
Healthcare
Personal Care
Cosmetics
Others
Global Flexible Packaging market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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