Flexible Packaging Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Material Type, Product, End User Industry, and Region.

Flexible Packaging Market Overview:

Flexible packaging is available in the various formats like seal and resealable pouches, gusseted bags, stand-up pouches, microwavable pouches, spouted pouches, zipper and vacuum bags. Flexible packaging adds value to food and non-food products. Innovation and advancements in the packaging technology have led to the development of lighter weight packaging. It has a positive sustainability profile. Flexible packaging extends the shelf life of food products. Flexible Packaging Market report's segment analysis is on the basis of material type, product, end use industry and region.

 

Convenience is one of the key factors contributing to the rise in the popularity of flexible packaging. Current trends in flexible packaging are expected to shape the packaging sector in the near future. Consumer expectations, legal requirements and innovative technologies are driving the packaging sector. High-performance PU adhesives are expected to contribute enhanced sustainability in flexible packaging. Fast-curing, easy-to-use PU lamination adhesives supports manufacturers to accelerate their processes and stay competitive in the fast-paced flexible packaging market.

 

 

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Flexible Packaging Market Dynamics:

Sustainability trends: Flexible Packaging Solutions offer an ecological footprint

Sustainability is a new trend in the flexible packaging market. Many brand owners are seeking sustainable solutions. Flexible packaging offers ecological benefits like it uses less material over other solutions. It helps to save precious resources and energy during production.

 

Health and food safety trends: Drive demand for Reliable, Safe Materials for Packaging

Food contact materials have stringent legal requirements. With the growing consumer, brand owners are focusing to deploy suitable solution for maximized health and food. The standards and regulations are expected to become even stricter in the future, which drives the demand for packaging for food products. In the future, to offer healthy and safe food deployment and improve the quality, freshness and safety of food products, value chain from raw material suppliers to brand owners need to collaborate to create packaging solutions. The demand growth for healthy and safety food drives the growth of flexible packaging market.

 

Food industry: Hold the dominant position

Currently, food packaging industry includes the food products like processed fruits and vegetables, snacks, frozen and fresh food, sauce and spice, fish and seafood, meat and poultry, baby food, pet food, etc. Brand owners in the food packaging market are facing intense competition for the food preference of consumers and high-growth sectors in local, national, regional and global flexible packaging market. Food is the largest end-use industry for flexible packaging, which is accounting more than 50% share in flexible packaging. The food industry was an early adopter of flexible packaging and has witnessed continued strong growth because of increase its usages in convenient packaging for ready-to-eat foods, snacks, frozen meals and cake mixes. The processed fruits, vegetables, and baby food are expected to outperform the total food market for flexible packaging.

 

Global demand for consumer flexible packaging is expected to continue its upward growth trend specially in developing economies across the globe.  Additionally, rural-urban migration, population growth and work routines are expected to increase demand for lightweight, on-the-go, ready-to-eat and portable food packaging to save space and time. Convenient packaging is a key factor for buying decisions among consumers. Food producers are concentrating to fulfil consumers’ desire for sustainable consumption and sustainable lifestyle through packaging formats.

 

High Adoption of Plastic Pouches: Booming Flexible Packaging Sector

In the flexible packaging market, plastic pouches are expected to contribute more than 25% growth over other types of material. The demand for plastic pouch is driven by their flexibility, ease of use and light weight, and growing popularity of ready-to-eat foods. Advances in pouch characteristics like convenience usages as resealable closures, spouts and tear notche boost the demand for plastic pouch. The usages of machinery in pouch manufacturing technology are increasing line speeds and helps to reduce production cost. It makes pouches more competitive with other form of packaging, like cartons and cans.

 

Flexible Packaging Market Regional Insights:

Today, Asia is expected to hold the dominant position in the global flexible packaging market, with more than 40% of the global market share. An increase in preference for ready meals and smaller packaging units, rapid urbanization and high penetration of online shopping are some of the prominent factors behind the market growth. Multilayer plastics are projected to contribute more than 70%% of the market for food packaging in the Asia Pacific region.  Asian consumers increasingly demanding environmentally friendly products. An innovation at the business model level is expected to increase profitability and stave off competition. Key operating players in the market are expected to form new strategies to tap key opportunities into new markets by providing socially responsible goods without sacrificing convenience.

 

However, many countries in Southeast Asia have stated their concerns regarding emerging consequences of a growing dependence on flexibles. An increase in incidences of flooding because of clogged drains and chemicals leaking into the surrounding environment are forcing key players to design plastic action plans to create great opportunity for startups to redesign flexible packaging materials.

 

 

Flexible Packaging Market Competitive Landscape:

Key players are taking efforts for plastic packaging, which shows that circularity in packaging sustainability is possible without sacrificing food quality or shelf life. For instance, global division of India-based UFlex has developed sustainable solutions that build on the inherent light-weighting efficiency of flexible packaging. Following are the Flexible Packaging Market keyplayers with some of the flexible packaging solutions in 2023.

 

Valvoline has Launched Bag for Oil- Valvoline Inc., who is a U.S.-based supplier of lubricants and automotive services have introduced gear-oil packaging innovation FlexFill. It aims to make changing synthetic gear oil easier and offer greater flexibility.

 

ProAmpac has introduced Recyclable Film for Frozen Food Products- ProAmpac has launched ProActive Recyclable R-2000F. It is film part of the ProActive Sustainability product family, which is prequalified for store drop-off recycling.

 

MULTIVAC's has launched Plastic-Free Packaging for Fresh Fruit and Vegetables- MULTIVAC has introduced full wrap labelling that offers a sustainable solution for plastic-free packaging concepts.

 

Amcor has introduced Dual Chamber Pouch- Amcor has launched a specialty multi-chamber pouch for drug-device combination products, which protects from light, moisture and oxygen ingress to support shelf life.

 

The objective of the report is to present a comprehensive analysis of the Flexible Packaging Market to the stakeholders in the industry. The report provides

 

trends that are most dominant in the Flexible Packaging Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Flexible Packaging Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Flexible Packaging Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Flexible Packaging Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Flexible Packaging Market. The report also analyses if the Flexible Packaging Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Flexible Packaging Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Flexible Packaging Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Flexible Packaging Market is aided by legal factors.

 

Flexible Packaging Market Scope:

Flexible Packaging Market
Market Size in 2023	USD 214.76 Bn.
Market Size in 2030	USD 343.29 Bn.
CAGR (2024-2030)	6.93%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Material Type Plastic  Paper Aluminum Foil Other Material Type
	By Product Pouches Bags Films & Wraps Other Product Types
	By End User Industry Food Beverage Pharmaceutical and Medical Household and Personal Care Other End-User Industries
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Flexible Packaging Market

• Berry Global Inc.

• Amcor Plc

• FlexPak Services LLC

• Mondi Group

• Sealed Air Corporation

• Constantia Flexibles Transcontinental Inc.

• Coveris Holding SA

• Huhtamaki Sonoco