Consumers' rising preference for packaged food due to reasons like convenience and price is driving the growth of the flexible packaging industry. Combining the best features of plastic, paper, and aluminium foil, flexible packaging solutions provide superior printability, durability, barrier protection, freshness, and user-friendliness. In addition, flexible packaging's substantial contributions to energy conservation and environmental sustainability are fueling its rising demand.
The demand for more space-efficient packaging has given the flexible bag and pouch industry a boost, allowing for the entrance of new players. Reduced warehouse space requirements, cheaper transport, and growing consumer demand all point to a bright future for flexible packaging. The production method of flexible packaging is distinguished by its low material, energy, and water consumption requirements. It's a more environmentally friendly option because it takes up less room in landfills after disposal. Furthermore, the demand for flexible packaging is expected to witness a large increase in the forecast period as different businesses adopt sustainable packaging choices in response to regulatory demands.
Subtype Analysis
The flexible paper packaging industry is dominated by pouches due to its versatility and convenience as a container for a wide variety of items. Manufacturers and shoppers alike find that pouches draw more attention to the products they contain. They find widespread application in the packaging of consumables like snacks, coffee, tea, and other beverages meant for on-the-go consumption. Pouches are in high demand because of the value consumers place on their resealability, barrier protection, and ability to keep products fresh for longer. The pouch market is predicted to expand steadily in the next years, thanks to the rising popularity of on-the-go eating and the resulting demand for more convenient packing options.
As a result of their eco-friendliness and the increased demand for sustainable packaging options, bags have become the fastest-growing subsegment of the flexible paper packaging market. Snacks, baked products, grains, and powdered goods are frequently packaged in flexible paper bags. They offer the best of both worlds in terms of longevity, safety, and eco-friendliness, making them a popular option among buyers and producers alike. Demand for eco-friendly packaging options like flexible paper bags has increased alongside public consciousness of the perils of plastic waste. The rapid expansion of this market is being fueled by the trend towards eco-friendlier packaging and the widespread use of paper bags across a variety of sectors.
Consumer Behaviour Analysis
Flexible paper packaging is widely used in the food and beverage industry for items as diverse as snacks, coffee, tea, dairy goods, and more. Flexible paper packaging's capacity to maintain product freshness, increase shelf life, and guarantee food safety is especially useful in this market. The food and beverage sector is the largest consumer of flexible paper packaging due to the increasing need for ready-to-eat meals, portable snacks, and environmentally friendly packaging. Consumers' preference for sustainable products and an emphasis on eco-friendly packaging solutions further contribute to this market's preeminence.
In recent years, the flexible paper packaging market has expanded at a rapid rate, with the personal care and homecare sector leading the way. Cosmetics, toiletries, cleaning supplies, and detergents all benefit from being packaged in flexible paper packaging. The market is helped by the fact that flexible paper packaging is both environmentally beneficial and aesthetically pleasing. The personal care and home care business is increasingly using flexible paper packaging solutions as customers grow more environmentally concerned and seek sustainable packaging alternatives. This market is expanding because of the attractive trifecta of practicality, sustainability, and aesthetics.
Important Developments in the Market
The increasing demand for sustainable and environmentally friendly packaging options is a major development in the flexible paper packaging market. There is a growing need for environmentally friendly packaging as consumer awareness and concern for the earth grows. Because it can be easily recycled and decomposed, flexible paper packaging contributes to these aims.
Report Coverage
Global Flexible Paper 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 Paper Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flexible Paper 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 Paper 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 | Amcor plc (Switzerland), Mondi (UK), Sonoco Products Company (US), Sealed Air (US), Huhtamaki OYJ (Finland), Sappi(South Africa), DS Smith (UK), Coveris (UK), Sabert (US), Wihuri (Finland), International Paper(US),KRPA Holding (US), Nordic Paper(Sweden), McNairn Packaging (US), PG Paper Company (UK), Pudumjee Paper (India), Stora Enso (Finland), NIPPON PAPER INDUSTRIES CO., LTD.(Japan), BillerudKorsnäs (Sweden), Gulf Paper Manufacturing Company(UAE), Smurfit Kappa (Ireland), Emami Paper Mills Ltd (India), Rengo Co., Ltd (Japan), WestRock Company (US) and JK Paper (India) |
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 Paper Packaging Market from 2021 to 2030.
- Market Forecast for Flexible Paper 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 Paper Packaging competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Flexible Paper Packaging
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flexible Paper Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flexible Paper 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
Amcor plc (Switzerland), Mondi (UK), Sonoco Products Company (US), Sealed Air (US), Huhtamaki OYJ (Finland), Sappi(South Africa), DS Smith (UK), Coveris (UK), Sabert (US), Wihuri (Finland), International Paper(US),KRPA Holding (US), Nordic Paper(Sweden), McNairn Packaging (US), PG Paper Company (UK), Pudumjee Paper (India), Stora Enso (Finland), NIPPON PAPER INDUSTRIES CO., LTD.(Japan), BillerudKorsnäs (Sweden), Gulf Paper Manufacturing Company(UAE), Smurfit Kappa (Ireland), Emami Paper Mills Ltd (India), Rengo Co., Ltd (Japan), WestRock Company (US) and JK Paper (India)
Primary Target Market
- Market Players of Flexible Paper 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 Paper Packaging market based on the below-mentioned segments:
Global Flexible Paper Packaging Market, By Type
Pouches
Rollstock
Shrink Sleeves
Wraps
Others
Global Flexible Paper Packaging market, By Application
Food
Spirits
Other Beverages
Healthcare
Beauty & Personal Care
Others
Global Flexible Paper 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
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