Flexible Packaging Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2023 - 2032
Growing Demand for Efficiency, and Responsive Packaging to Drive Growth
The rise of e-commerce has been a major boon the for packaging industry. It is estimated that e-commerce channels like Amazon witnessed as much as 58% growth in sales, thanks to consumer shift towards e-commerce during the covid-19 pandemic. The growth has necessitated high-demand for efficient, and safe packaging solutions. Hence, the demand for flexible packaging solutions with multi-layered, sachet, and stick packs remains robust.
The packaging provides an interrupted filling line production, with improved efficiency, reduced downtimes, and reliable packaging. Moreover, the packaging also reduces waste, thanks to multi-layered technology, which is ideal for reuse. This is likely to remain an important growth factor, as demand for natural, recyclable materials to highlight growth of natural, and healthy food products soars. The growth of e-commerce, change in demographics such as rising nuclear household among urban landscape, and improved efficiency due to technological advancements like 3D printing will drive growth for the flexible packaging market.
Cost-effective Products, and Increased Preservation to Drive Demand
The recycling also remains a key factor in cost-savings, as organizations like Resources Defense Council estimates that over 40% food products are wasted in countries like the US. Flexible packaging solutions increase shelf life of products, resulting in more value for consumers, and retailers. Moreover, the innovative solutions like banana-based flexible packaging also promises new advancements in increased shelf life. The rise in shelf-life will lead to major reductions in logistic cost for both retailers, and suppliers in the long run.
The growing changes in demographics have resulted in increased demand for both convenience, and diet food products. This has led to tremendous growth for e-commerce, as convenient access to smartphones, and rising availability of ready-to-eat foods, and expanding access to technology continues to drive demand for flexible food packaging. Flexible packaging promises immense cost-savings in manufacturing as manufacturing remains in a dynamic, and vibrant mode, thanks to major shifts in consumer demands. Moreover, the process leads to significant cost-savings in terms of raw-material usage, which are under strain, as demand for packaging grows globally. The availability of small-packaged goods also leads to less room occupied on shelves at super retail chains, which further provides impetus for growth as supply chain reduce future uncertainties in demand with advanced technological estimation.
Plastic Packaging Drives Strong Growth Despite Regulatory Challenges
The regulatory authorities in the US, and Europe are increasingly emphasizing on the lowered usage of plastics in manufacturing, and packaging. However, it is estimated that the demand for plastic-based flexible packaging solutions will remain high, as growth in e-commerce, convenience, and ease of using plastic products will continue to drive growth. Moreover, the introduction of branded products on e-commerce, and ease of 3D printing on plastics remains a major draw for growth for the flexible packaging market during the forecast period. The regulatory authorities will pose a challenge to growth as use of single-use plastics still remains banned. However, growing emphasis on recycling will likely offset the regulatory challenges to promise robust growth
Some key players in the flexible packaging market are Mondi; Bemis Company, Inc; Amcor Limited; Huhtamaki Group; and BASF SE.
The Flexible Packaging Market will be segmented as follows:
By Type
- Bags
- Wraps
- Pouches
- Rollstock
- Others (include Labels, stick packs and sachets)
By Material
- Plastic
- Aluminum Foil
- Others (include coating, ink, coating, and adhesive)
By Technology
- Flexography
- Rotogravure
- Digital Printing
- Others (include screen, offset, and letterpress printing)
By Application
- Food
- Beverage
- Pharma & Health care
- Personal care & Cosmetics
- Others (includes consumer goods, oil & lubricants, agriculture, automotive, household products, tobacco, and sporting goods)
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of APAC
- South America
- Brazil
- Rest of South America
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of MEA
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Flexible Packaging Market
- Global Flexible Packaging Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Flexible Packaging Market Analysis and Forecast, by Material Type
- Overview and definitions
- Key segment analysis
- Global Flexible Packaging Market Size Estimates (US$ Mn), by Material Type, 2019 – 2032
- Plastic
- Polyethene (PE)
- Bi-orientated Polypropylene (BOPP)
- Cast polypropylene (CPP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Paper
- Aluminium Foil
- Plastic
- Global Flexible Packaging Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Flexible Packaging Market Size Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pouches
- Bags
- Films & Wraps
- Others
- Global Flexible Packaging Market Analysis and Forecast, by End Use Industry
- Overview and definitions
- Key segment analysis
- Global Flexible Packaging Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Food (Retail & Institutional)
- Beverage
- Pharmaceutical
- Household and Personal Care
- Others
- Global Flexible Packaging Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Flexible Packaging Market Size Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Flexible Packaging Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Flexible Packaging Market Size Estimates (US$ Mn), by Material Type, 2019 – 2032
- Plastic
- Polyethene (PE)
- Bi-orientated Polypropylene (BOPP)
- Cast polypropylene (CPP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Paper
- Aluminium Foil
- Plastic
- North America Flexible Packaging Market Size Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pouches
- Bags
- Films & Wraps
- Others
- North America Flexible Packaging Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Food (Retail & Institutional)
- Beverage
- Pharmaceutical
- Household and Personal Care
- Others
- North America Flexible Packaging Market Size Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Flexible Packaging Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Flexible Packaging Market Size Estimates (US$ Mn), by Material Type, 2019 – 2032
- Plastic
- Polyethene (PE)
- Bi-orientated Polypropylene (BOPP)
- Cast polypropylene (CPP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Paper
- Aluminium Foil
- Plastic
- Europe Flexible Packaging Market Size Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pouches
- Bags
- Films & Wraps
- Others
- Europe Flexible Packaging Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Food (Retail & Institutional)
- Beverage
- Pharmaceutical
- Household and Personal Care
- Others
- Europe Flexible Packaging Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Flexible Packaging Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Flexible Packaging Market Size Estimates (US$ Mn), by Material Type, 2019 – 2032
- Plastic
- Polyethene (PE)
- Bi-orientated Polypropylene (BOPP)
- Cast polypropylene (CPP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Paper
- Aluminium Foil
- Plastic
- Asia Pacific Flexible Packaging Market Size Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pouches
- Bags
- Films & Wraps
- Others
- Asia Pacific Flexible Packaging Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Food (Retail & Institutional)
- Beverage
- Pharmaceutical
- Household and Personal Care
- Others
- Asia Pacific Flexible Packaging Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Flexible Packaging Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Flexible Packaging Market Size Estimates (US$ Mn), by Material Type, 2019 – 2032
- Plastic
- Polyethene (PE)
- Bi-orientated Polypropylene (BOPP)
- Cast polypropylene (CPP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Paper
- Aluminium Foil
- Plastic
- Middle East & Africa Flexible Packaging Market Size Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pouches
- Bags
- Films & Wraps
- Others
- Middle East & Africa Flexible Packaging Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Food (Retail & Institutional)
- Beverage
- Pharmaceutical
- Household and Personal Care
- Others
- Middle East & Africa Flexible Packaging Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East
- South America Flexible Packaging Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Flexible Packaging Market Size Estimates (US$ Mn), by Material Type, 2019 – 2032
- Plastic
- Polyethene (PE)
- Bi-orientated Polypropylene (BOPP)
- Cast polypropylene (CPP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Paper
- Aluminium Foil
- Plastic
- South America Flexible Packaging Market Size Estimates (US$ Mn), by Product Type, 2019 – 2032
- Pouches
- Bags
- Films & Wraps
- Others
- South America Flexible Packaging Market Size Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Food (Retail & Institutional)
- Beverage
- Pharmaceutical
- Household and Personal Care
- Others
- South America Flexible Packaging Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Flexible Packaging Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Mondi
- Business overview
- Geographic presence
- Financial facts
- Channel partners
- Relevant news and strategic view
- Bemis Company, Inc.
- Amcor Limited
- Huhtamaki Group
- Amcor plc
- Sealed Air Corporation
- Berry Global Group, Inc.
- Sonoco Products Company
- Constantia Flexibles GmbH
- Winpak Ltd.
- International Paper Company
- Smurfit Kappa Group plc
- Stora Enso Oyj
- WestRock Company
- DS Smith Plc
- Mondi
- Conclusion & Recommendations
Frequently asked questions about this report
What are the different types of Flexible Packaging used?
Based on type, the Flexible Packaging market is segmented into Bags, Wraps, Pouches, Rollstock and Others.
what are the prominent Flexible Packaging market players across the globe?
Major players operating in the global Flexible Packaging market include Mondi; Bemis Company, Inc; Amcor Limited; Huhtamaki Group; and BASF SE..
What is the base year considered in the Flexible Packaging market report?
The base year considered in Flexible Packaging market report is 2022.
What are the major driving factors and opportunities in the Flexible Packaging market?
The growth of e-commerce, change in demographics such as rising nuclear household among urban landscape, and improved efficiency due to technological advancements like 3D printing will drive growth for the flexible packaging market.