Flexible Packaging Market - Global Industry Analysis

Flexible Packaging Market 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)), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 29-Mar-2022 Category: Packaging Report Format : PDF Pages: 135 Report Code: ZMR-268 Status : Published

The global flexible packaging market was worth around USD 160.1 billion in 2021 and is estimated to grow to about USD 206.1 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.3 percent over the forecast period.

Description

Industry Prospective:

The global flexible packaging market was worth around USD 160.1 billion in 2021 and is estimated to grow to about USD 206.1 billion by 2028, with a compound annual growth rate (CAGR) of approximately 4.3 percent over the forecast period. The report analyzes the flexible packaging market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the flexible packaging market.

Flexible Packaging Market: Overview

Flexible packaging has gained substantial demand over the past few years as innovation in the packaging industry has seen a major impetus owing to changing consumer preferences and requirements in multiple end use applications across various industry verticals.

Rising demand for packaging solutions, increasing sales of multiple products, increasing focus on sustainable packaging, increasing disposable income, the growing popularity of online sales channels, and the emergence of e-commerce are expected to be major factors influencing flexible packaging market growth through 2028. 

COVID-19 Impact:

The pandemic of 2020 resulted in a major change in consumer trends across the world owing to the drastic effects of widespread coronavirus infections. This sudden change in demand and supply impacted the overall packaging market and had a substantially adverse impact on demand for flexible packaging in 2020.

With lockdown restrictions being common across the world, manufacturing and supply chain activity came to a near halt due to a lack of labor and raw material. Closure of multiple sales and distribution channels also impacted the sales of flexible packaging throughout the year.

However, the flexible packaging market is expected to make a steady comeback in the post-pandemic era and is expected to surge as the world returns to normalcy and demand for flexible packaging through 2028 bolsters.

Global Flexible Packaging Market

Flexible Packaging Market: Growth Drivers

Cost-Effective Nature

Research and development in the packaging industry have bolstered over the past few years and the world has seen some major innovations in this field owing to constant changes in the packaging industry landscape. Flexible packaging has emerged as a popular choice due to its cost-effective nature and having a longer shelf life than that of other packaging options. Other than that the changing demand for more nimble and delicate packaging in an affordable manner has fostered the demand for flexible packaging products through 2028

Flexible Packaging Market: Restraints

Lack of Efficient Recycling Infrastructure

Packaging trends have drastically evolved over recent years but the packaging recycling infrastructure has not seen development and is still pretty much outdated which makes it a huge challenge for flexible packaging manufacturers to end their product lifecycle in an eco-friendly manner. With no proper infrastructure to recycle the flexible packaging waste, there will be a drop in the adoption of this type of packaging and thus will act as a major restraining factor to the growth of the flexible packaging market through 2028.

Flexible Packaging Market: Opportunities

Increasing Demand for Sustainable Packaging

Increasing focus on waste management has substantially propelled the demand for sustainable products and since packaging waste is a major contributor to the global waste problem, the need to develop sustainable packaging is more prominent than it was ever before and hence this is expected to provide a lucrative opportunity to flexible packaging market players over the forecast period. Increasing research and development activity to develop eco-friendly sustainable packaging is expected to be a major trend for flexible packaging market growth through 2028 and flexible packaging market players are expected to capitalize on this trend over the forecast period to boost their profit numbers.

Flexible Packaging Market: Challenges

Increasing Environmental Concerns regarding the use of Plastic

Plastic is and has been a major part of all kinds of packaging across the world and since plastic is a major harm to the environment its use is being restricted and limited across the world. These restrictions are expected to be major challenges for flexible packaging market growth through 2028. Increasingly stringent mandates about the use of plastic in packaging are anticipated to prove to be a major challenge for multiple flexible packaging companies across the world.

Global Flexible Packaging Market: Segmentation

The global flexible packaging market is segregated based on type, material, technology, application, and region.

By Material, the market is divided into plastic, aluminum foil, others (including coating, ink, coating, and adhesive). The plastic segment is expected to maintain a dominant outlook throughout the forecast period but is expected to see a decline in popularity by the end of the forecast period owing to increasing efforts to phase out plastic from the packaging industry to comply with sustainability goals.

By Application, the flexible packaging market is segmented into food, beverage, pharma & health care, personal care & cosmetics, others (includes consumer goods, oil & lubricants, agriculture, automotive, household products, tobacco, and sporting goods). The food and beverages segments are expected to lead the market. The pharma and health segment is anticipated to see a substantial increase in demand through 2028.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Recent Developments

  • In November 2021 – Smurfit Kappa a leading name in the packaging industry announced that it had started production of its new packaging bags with a new and more sustainable thermos-laminated film. The films of this new lamination are bonded without adhesives and hence make for a more sustainable option than conventional films.

Regional Landscape

Asia Pacific region leads the global flexible packaging market in terms of revenue and volume share and is anticipated to hold a dominant stance over the forecast period through 2028. Increasing disposable income, the growing popularity of e-commerce and online shopping, the presence of key flexible packaging companies, rising demand for ready-to-eat foods and consumables are some of the major factors propelling market growth through 2028.

The market for flexible packaging in Europe is expected to significant demand owing to rising demand for packaging in the pharmaceutical industry vertical. The personal care and cosmetics industry in this region is also expected to drive flexible packaging market growth over the forecast period.

Competitive Landscape

Some of the main competitors dominating the global flexible packaging market include - Sealed Air Corporation (US), Amcor (Australia), Berry Global Inc. (US), Mondi (South Africa), Sonoco (US), Huhtamaki (Finland), Coveris (Austria), Transcontinental Inc. (Canada), and Clondalkin Group  (The Netherlands)..

Global flexible packaging market is 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
    • 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

 

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global flexible packaging market, 2015 - 2024 (USD Billion)
    • 2.2. Global flexible packaging market: snapshot
  •  
  • Chapter 3. Flexible Packaging Market- Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global flexible packaging market drivers: impact analysis
      • 3.2.2. Growing consumer preferences towards convenient packaging
      • 3.2.3. Rise in disposable income levels of consumers
    • 3.3. Market Restraints
      • 3.3.1. Global flexible packaging market restraints: impact analysis
      • 3.3.2. Fluctuating raw material costs
    • 3.4. Opportunities
      • 3.4.1. Advancements towards packaging technology
      • 3.4.2. Emergence of biodegradable packaging solutions
    • 3.5. Porter’s five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by material segment
      • 3.6.2. Market attractiveness analysis, by product segment
      • 3.6.3. Market attractiveness analysis, by end-user segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Flexible Packaging Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global flexible packaging market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Flexible Packaging Market- Material Segment Analysis
    • 5.1. Global flexible packaging market: material overview
      • 5.1.1. Global flexible packaging market revenue share, by material , 2018 and 2024
    • 5.2. Plastic
      • 5.2.1. Global flexible packaging market for PET market, 2015 - 2024 (USD Billion)
    • 5.3. Aluminum Foil
      • 5.3.1. Global flexible packaging market for aluminum foil market, 2015 - 2024 (USD Billion)
    • 5.4. Paper
      • 5.4.1. Global flexible packaging market for paper market, 2015 - 2024 (USD Billion)
    • 5.5. Flexible Foam
      • 5.5.1. Global flexible packaging market for flexible foam market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Global Flexible Packaging Market- Product Segment Analysis
    • 6.1. Global Flexible packaging market: product overview
      • 6.1.1. Global flexible packaging market revenue share, by product, 2018 and 2024
    • 6.2. Pouches
      • 6.2.1. Global flexible packaging market for pouches market, 2015 - 2024 (USD Billion)
    • 6.3. Wraps
      • 6.3.1. Global flexible packaging market for wraps market, 2015 - 2024 (USD Billion)
    • 6.4. Bags
      • 6.4.1. Global flexible packaging market for bags market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Global Flexible Packaging Market- End-User Segment Analysis
    • 7.1. Global flexible packaging market: end-user overview
      • 7.1.1. Global flexible packaging market revenue share, by end-user, 2017 and 2024
    • 7.2. Food
      • 7.2.1. Global flexible packaging market for food market, 2015 - 2024 (USD Billion)
    • 7.3. Pharmaceuticals
      • 7.3.1. Global flexible packaging market for pharmaceuticals market, 2015 - 2024 (USD Billion)
    • 7.4. Household & Personal Care
      • 7.4.1. Global flexible packaging market for household & personal care market, 2015 - 2024 (USD Billion)
    • 7.5. Others
      • 7.5.1. Global flexible packaging market for others market, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Global Flexible Packaging Market- Regional Segment Analysis
    • 8.1. Global flexible packaging market: regional overview
      • 8.1.1. Global flexible packaging market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
      • 8.2.2. North America flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
      • 8.2.3. North America flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.2.4.2. U.S. Flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.2.4.3. U.S. flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.2.5. Canada
        • 8.2.5.1. Canada flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.2.5.2. Canada flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.2.5.3. Canada flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.2.6. Mexico
        • 8.2.6.1. Mexico flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.2.6.2. Mexico flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.2.6.3. Mexico flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
      • 8.3.2. Europe flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
      • 8.3.3. Europe flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.3.4. UK
        • 8.3.4.1. UK flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.3.4.2. UK flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.3.4.3. UK flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.3.5. Germany
        • 8.3.5.1. Germany flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.3.5.2. Germany flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.3.5.3. Germany flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.3.6.2. France flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.3.6.3. France flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.3.7. Spain
        • 8.3.7.1. Spain flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.3.7.2. Spain flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.3.7.3. Spain flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.3.8. Russia
        • 8.3.8.1. Russia flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.3.8.2. Russia flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.3.8.3. Russia flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.3.9. Italy
        • 8.3.9.1. Italy flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.3.9.2. Italy flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.3.9.3. Italy flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
      • 8.4.2. Asia Pacific flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
      • 8.4.3. Asia Pacific flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.4.4. China
        • 8.4.4.1. China flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.4.4.2. China flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.4.4.3. China flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.4.5. Japan
        • 8.4.5.1. Japan flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.4.5.2. Japan flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.4.5.3. Japan flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.4.6. India
        • 8.4.6.1. India flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.4.6.2. India flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.4.6.3. India flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.4.7. Southeast Asia
        • 8.4.7.1. Southeast Asia flexible packaging market revenue, by material product, 2015 - 2024 (USD Billion)
        • 8.4.7.2. Southeast Asia flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.4.7.3. Southeast Asia flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.4.8. Australia
        • 8.4.8.1. Australia flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.4.8.2. Australia flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.4.8.3. Australia flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.4.9.2. South Korea flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.4.9.3. South Korea flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America flexible packaging market revenue, by material product, 2015 - 2024 (USD Billion)
      • 8.5.2. Latin America flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
      • 8.5.3. Latin America flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.5.4.2. Brazil flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.5.4.3. Brazil flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
      • 8.6.2. Middle East and Africa flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
      • 8.6.3. Middle East and Africa flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.6.4. GCC Countries
        • 8.6.4.1. GCC Countries flexible packaging market revenue, by material, 2015 - 2024 (USD Billion)
        • 8.6.4.2. GCC Countries flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.6.4.3. GCC Countries flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
      • 8.6.5. South Africa
        • 8.6.5.1. South Africa flexible packaging market revenue, by material product, 2015 - 2024 (USD Billion)
        • 8.6.5.2. South Africa flexible packaging market revenue, by product, 2015 - 2024 (USD Billion)
        • 8.6.5.3. South Africa flexible packaging market revenue, by end-user, 2015 - 2024 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. Constantia Flexible Group GmbH
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Mondi Group
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Sealed Air Corporation
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Bemis Company, Inc.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Clondalkin Group Holdings B.V.
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Sonoco Products Company
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Amcor Limited
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Coveris Holdings S.A.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Huhtamaki Group
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Ampac Holdings LLC
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Table Of Figures

List of Figures 

1.    Market research process
2.    Market research methodology
3.    Global flexible packaging market revenue, 2015 – 2024 (USD Billion) 
4.    Porter’s five forces analysis
5.    Flexible packaging market attractiveness analysis, by material segment
6.    Flexible packaging market attractiveness analysis, by product segment
7.    Flexible packaging market attractiveness analysis, by end-user segment
8.    Flexible packaging market: market attractiveness analysis, by regional segment
9.    Company market share analysis, 2017 
10.    Global flexible packaging market revenue share by material 2017 and 2024
11.    Global flexible packaging market for plastic market, 2015 – 2024 (USD Billion)
12.    Global flexible packaging market for flexible foam market, 2015 – 2024 (USD Billion) 
13.    Global flexible packaging market for paper market, 2015 – 2024 (USD Billion)
14.    Global flexible packaging market for aluminum foil market, 2015 – 2024 (USD Billion)
15.     Global flexible packaging market revenue share by product 2017 and 2024
16.    Global flexible packaging market for pouches market, 2015 – 2024 (USD Billion)
17.    Global flexible packaging market for wraps market, 2015 – 2024 (USD Billion)
18.    Global flexible packaging market for bags market, 2015 – 2024 (USD Billion)
19.    Global flexible packaging market revenue share by end-user, 2017 and 2024
20.    Global Flexible packaging market for food market, 2015 – 2024 (USD Billion)
21.    Global flexible packaging market for pharmaceutical market, 2015 – 2024 (USD Billion)
22.    Global flexible packaging market for household & personal care market, 2015 – 2024 (USD Billion)
23.    Global flexible packaging market for others market, 2015 – 2024 (USD Billion)


Table Of Tables

List of Tables

1. Flexible packaging market: market snapshot                                                                                                                        
2. Drivers of global flexible packaging market: impact analysis 
3. Restraints of global flexible packaging market: impact analysis  
4. North America flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
5. North America flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
6. North America Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
7. U.S. Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
8. U.S. flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
9. U.S. Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
10. Canada Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
11. Canada flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
12. Canada Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
13. Mexico Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
14. Mexico flexible packaging market revenue, by product, 2015 – 2024 (USD Billion) 
15. Mexico Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
16. Europe Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
17. Europe flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
18. Europe Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
19. UK Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
20. UK flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
21. UK Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
22. Germany Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
23. Germany flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
24. Germany Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
25. France Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
26. France flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
27. France Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
28. Spain Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
29. Spain flexible packaging market revenue, by product, 2015 – 2024 (USD Billion) 
30. Spain Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
31. Russia Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
32. Russia flexible packaging market revenue, by product, 2015 – 2024 (USD Billion) 
33. Russia flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
34. Italy flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
35. Italy flexible packaging market revenue, by product, 2015 – 2024 (USD Billion) 
36. Italy flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
37. Asia pacific flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
38. Asia Pacific flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
39. Asia pacific Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
40. China Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
41. China flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
42. China Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion) 
43. Japan Flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
44. Japan flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
45. Japan flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion) 
46. India flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
47. India flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
48. India flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)  
49. Southeast Asia flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
50. Southeast Asia flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
51. Southeast Asia Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
52. South Korea flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
53. South Korea flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
54. South Korea flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
55. Australia flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
56. Australia flexible packaging market revenue, by product, 2015 – 2024 (USD Billion) 
57. Australia flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
58. Latin America flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
59. Latin America flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
60. Latin America Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
61. Brazil flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
62. Brazil flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
63. Brazil Flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
64. Middle East and Africa flexible packaging market revenue, by material product, 2015 – 2024 (USD Billion)
65. Middle East and Africa flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
66. Middle East and Africa flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
67. GCC Countries flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
68. GCC Countries flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
69. GCC Countries flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion)
70. South Africa flexible packaging market revenue, by material, 2015 – 2024 (USD Billion)
71. South Africa flexible packaging market revenue, by product, 2015 – 2024 (USD Billion)
72. South Africa flexible packaging market revenue, by end-user, 2015 – 2024 (USD Billion) 

Methodology

Free Analysis

Packaging can be referred to as the process of covering, casing, and securing any type of products from any external damage. Packaged items are available for storage, sale, and usage in many retail outlets, supermarkets, and hypermarkets. Flexible packaging is the method of packaging materials that when packed, can be readily changed into various shapes. The different shapes can be achieved by paper, plastic film, foil, or the grouping of the listed items. Basically, papers, plastics, foams, and foils are the crucial products of flexible packaging products whose shape, size, and structure can be easily produced. Moreover, flexible packaging is considered the most cost-effective way to package, safeguard, and dispense food, beverages, and other consumer usable products that need a longer shelf life.

Flexible packaging market is experiencing the highest growth rate in developed as well as developing countries. The advancements of technology in flexible packaging have resulted in upgradation and innovation in the product development in many sectors of the industry. Many organizations are significantly investing their capital in research and development in order to come up with the exclusive and economical products. Hence, the innovations, particularly in the packaging industry are rising exponentially. In July 2017, the American Packaging Company made investments in a digital system. That system was designed to serve the purpose for flexible packaging to enable greater choice of products from consumer’s point of view. In addition, the rising middle-class population followed by the significant change in their lifestyle is contributing to the growth of the market. This has led to the ever increasing and growing need of the consumers. In the modern world, there has been a rising consumption of food among the population. So, consumers prefer an easy, simplistic, and convenient method of packaging those food products which are basically ready to eat or ready to serve. Hence, such factors are contributing to the flexible packaging market growth over the forecast period.   

Global Flexible Packaging Market

Based on material, the flexible packaging market is segmented into flexible foam, aluminum foil, paper, and plastic. On the basis of the product, the market is categorized into bags, wraps, and pouches. Based on end-user, the flexible packaging market is bifurcated into pharmaceuticals, food, household cosmetics & personal care, and others. 

The Asia Pacific held major revenue share of the global flexible packaging market in 2017 and the region is expected to continue with its regional superiority over the forecast period. The growth of this regional market is attributed due to the rising demand of the food industry. This factor is anticipated to further drive the industry growth in the region over the forecast period. Europe is predicted to provide significant opportunities for the flexible packaging market. The growth is anticipated in the region due to the growing demand for the cosmetic and processed food products among the population. Such factors are expected to drive flexible packaging market growth over the forecast timeframe.  

Some of the industry players operating in the flexible packaging market are Constantia Flexible Group GmbH, Mondi Group, Sealed Air Corporation, Bemis Company, Inc., Clondalkin Group Holdings B.V., Sonoco Products Company, Amcor Limited, Coveris Holdings S.A., Huhtamaki Group, Ampac Holdings LLC, and others.

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FrequentlyAsked Questions

Increasing demand for sustainable and recyclable packaging solutions is a major trend that guides the flexible packaging market growth.

According to the Zion Market Research report, the global flexible packaging market was worth about US$ 160.1 billion in 2021 and is predicted to grow to around US$ 206.1 billion by 2028, with a compound annual growth rate (CAGR) of around 4.3 percent.

Asia Pacific region leads the global flexible packaging market in terms of revenue and volume share and is anticipated to hold a dominant stance over the forecast period through 2028. Increasing disposable income, the growing popularity of e-commerce, etc., are popular trends.

Some of the main competitors dominating the global flexible packaging market include -- Sealed Air Corporation (US), Amcor (Australia), Berry Global Inc. (US), Mondi (South Africa), Sonoco (US), Huhtamaki (Finland), Coveris (Austria), Transcontinental Inc. (Canada), and Clondalkin Group (The Netherlands).

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