Flexible Green Packaging Market Size, Share Report, Analysis, Trends, Growth, 2030

Flexible Green Packaging Industry Prospective:

The global flexible green packaging market size was evaluated at $15 billion in 2022 and is slated to hit $18 billion by the end of 2030 with a CAGR of nearly 4.7% between 2023 and 2030.

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Flexible Green Packaging Market: Overview

Flexible green packaging is an eco-friendly packaging solution designed to reduce environmental degradation throughout its lifecycle from its manufacture to disposal. It includes the use of flexible, renewable materials, use of eco-friendly manufacturing processes, and packaging designs prioritizing recyclability, reusability, and reduced resource consumption. A surge in environmental awareness and a rise in the preference of end-users for sustainable green products will impel the demand for flexible green packaging solutions. Apart from this, strict implementation of government guidelines aimed at alleviating plastic waste and promoting green packaging practices play a vital role in spearheading the demand for flexible green packaging solutions.

Key Insights

• As per the analysis shared by our research analyst, the global flexible green packaging market is projected to expand annually at the annual growth rate of around 4.7% over the forecast timespan (2023-2030)
• In terms of revenue, the global flexible green packaging market size was evaluated at nearly $15 billion in 2022 and is expected to reach $18 billion by 2030.
• The global flexible green packaging market is anticipated to grow rapidly over the forecast timeline owing to a surge in the demand for minimally invasive surgical methods.
• In terms of product, the pouches & tubes segment is slated to register the highest CAGR over the analysis period.
• Based on the end-user, the food & beverage segment is projected to lead the end-user segment over the forecast period.
• Based on the type, the recyclable packaging segment is set to dominate the type segment over the forecast timeline.
• Region-wise, the Asia-Pacific flexible green packaging industry is projected to register the fastest CAGR during the assessment timeline.

Flexible Green Packaging Market: Growth Factors

Favorable product features can prop up the expansion of the global market over the forecast period

Technological breakthroughs and the launching of new materials used in green packaging will drive the global flexible green packaging market trends. Moreover, enhanced barrier properties and recyclability are anticipated to propel the expansion of the market globally. The rise in the use of green products in primary packaging will prop up the growth of the market in the upcoming years. An increase in the shelf life of the product when packed with flexible green packaging solutions will enlarge the scope of the market demand across the globe.

Surging customer inclination towards lightweight, visually appealing, and durable packaging will embellish the global market expansion. New product launches are likely to contribute majorly towards the global market earnings in the upcoming years. For instance, in May 2023, Huhtamaki Oyj, a Finland-based consumer packaging firm, launched a sustainable flexible packaging solution that can offer protection to products. For the record, the product can be recycled fully and is available at reasonable costs.

Flexible Green Packaging Market: Restraints

Low availability of raw materials used for improving product performance can constraint the global industry surge

The availability of restricted material alternatives for enhancing the performance of flexible green packaging products in comparison to conventional packaging restricts the demand and use of flexible green packaging products. This aspect has severely impacted the expansion of the global flexible green packaging industry.

Flexible Green Packaging Market: Opportunities

New product launches in the current customer market will open new growth opportunities for the global market

Launching new products to existing consumer markets and growing awareness & demand for green products in Europe and the Americas will open a new phase of growth for the global flexible green packaging market.

Flexible Green Packaging Market: Challenges

The low availability of robust infrastructure amenities can impede global industry expansion over the anticipated timeframe

The lack of availability of strong infrastructure facilities and weak supply chains can create a big threat to the growth path of the global flexible green packaging industry. Less use of packaging materials such as bio-plastics in emerging economies can prove to be a huge deterrence for the global industry surge.

Flexible Green Packaging Market: Segmentation

The global flexible green packaging market is sectored into product, type, end-user, and region.     

In product terms, the global flexible green packaging market is segregated into bags, wraps & films, and pouches & tubes segments. Furthermore, the pouches & tubes segment, which accumulated nearly half of the global market revenue share in 2022, is predicted to record the highest CAGR in the forecasting years. The growth of the segment in the forecasting years can be owing to a rise in the use of pouches and tubes for packaging purposes in various end-use sectors.

Based on the type, the global flexible green packaging market is divided into degradable packaging, reusable packaging, and recyclable packaging segments. Furthermore, the recyclable packaging segment, which accumulated nearly 45% of the global market revenue share in 2022, is predicted to dominate the segment in the assessment period. The growth of the segment in the estimated timespan can be subject to an increase in the demand for recyclable packaging in various end-use industries in recent years.  

Based on the end-user, the global flexible green packaging industry is sectored into personal care & household care, agriculture, food & beverage, and pharmaceutical & medical segments. Moreover, the food & beverage segment, which garnered a huge share of the global industry in 2022, is anticipated to lead the global industry expansion over the projected timeline. The segmental expansion over the assessment timeline can be subject to a surge in the demand for flexible green packaging in the food & beverage segment.  

Flexible Green Packaging Market: Report Scope

Flexible Green Packaging Market: Regional Insights

North America is projected to maintain its global market domination over the projected timespan

North America, which accounted for 60% of the global flexible green packaging market earnings in 2022, will be a leading region over the projected timeframe. Furthermore, the regional market growth can be credited to the strict laws aiding the use of green and sustainable packaging in countries such as Canada and the U.S. Furthermore, the presence of key players in the region will further contribute notably towards the regional market size in the ensuing years.

Asia-Pacific flexible green packaging industry is set to register the fastest CAGR in the next couple of years subject to large-scale intake of convenient diets in densely populated countries such as India and China. Moreover, the rising focus on using green packaging by packaging producers in these countries as a part of their corporate social responsibility will boost the regional market trends. Supportive government policies towards the use of the product will further spearhead the expansion of the market in the sub-continent in the upcoming years.

Flexible Green Packaging Market: Competitive Space

The global flexible green packaging market profiles key players such as:

• Mondi
• Ukrplastic
• Amcor
• Clondalkin Group Holdings
• Tetra Laval
• Reynolds Group
• Wipak Group
• Sealed Air
• DowDuPont
• Ampac Holdings

The global flexible green packaging market is segmented as follows:

By Product

• Bags
• Wraps & Films
• Pouches & Tubes

By Type

• Degradable Packaging
• Reusable Packaging
• Recyclable Packaging

By End-User

• Personal Care & Household Care
• Agriculture
• Food & Beverage
• Pharmaceutical & Medical

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa