Global Flexible Packaging Market, By Product (Pouches, Bags and Sacks, Tubes, Liners, Sachets and Stick Packs, Labels, Tapes, Films, and Wraps), Material (Plastic, Paper, Metal, Inorganic Oxides, Adhesives and Coatings, Others), End-Use Industry (Food, Beverages, Personal Care and Cosmetics, Pharmaceuticals, Electrical, and Electronics, Home Care, Building and Construction, Automotive, Chemicals and Lubricants, Other Industrial), Technology (Flexography, Digital Printing, Rotogravure, Others) – Industry Trends and Forecast to 2030.
Flexible Packaging Market Analysis and Size
Packaging is often characterized as an economical means of providing convenience, containment, protection, and compliance to a product during its display, storage, transportation, and usage. Flexible packaging is one of the most swiftly growing segments of the packaging industry, combining the highest qualities of paper, film, and aluminum foil to offer an extensive range of protective characteristics. The market is rising swiftly with flexible packaging enhancing the value of food products, ensuring food safety, effective permeability, extended shelf-life, heating and moisture barrier, and ease of use. Consumers also prefer this packaging due to its commitment to aesthetic appeal, convenience, and durability.
Data Bridge Market Research analyses that the flexible packaging market is expected to reach USD 425.19 million by 2030, which was USD 283.44 million in 2022, registering a CAGR of 5.20% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Flexible Packaging Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015- 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Pouches, Bags and Sacks, Tubes, Liners, Sachets and Stick Packs, Labels, Tapes, Films and Wraps), Material (Plastic, Paper, Metal, Inorganic Oxides, Adhesives and Coatings, Others), End Use Industry (Food, Beverages, Personal Care and Cosmetics, Pharmaceuticals, Electrical and Electronics, Home Care, Building and Construction, Automotive, Chemicals and Lubricants, Other Industrial), Technology (Flexography, Digital Printing, Rotogravure, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Amcor plc (Switzerland), Mondi (U.K.), Sonoco Products Company (U.S.), Sealed Air (U.S.), Huhtamaki (Finland), Transcontinental Inc (Canada)., Cosmo Films Ltd (India), Polyplex (India), UFlex Limited (India), Jindal Poly Films (India), CLONDALKIN GROUP (Netherlands), Constantia Flexibles (Austria), TAGHLEEF INDUSTRIES GROUP (UAE), DUNMORE (U.S.), Celplast Metallized Product (Canada), Ultimet Films Ltd (U.S.), Accrued Plastic Ltd (U.K.), All Foils, Inc. (U.S.), SRF Limited (India)
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Market Opportunities
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Market Definition
Flexible packaging is a non-rigid structure that packages and protects many products in various end-user industries. Flexible packaging covers those products which have undergone a conversion process such as printing, coating, lamination, and extrusion, and can involve different substrates such as plastic films, paper, and foil. Flexible pack types include aluminum foil laminates, foil lidding, blister packaging, foil bags, plastic bags, wrapping films, lidding films, and sachets.
Flexible Packaging Market Dynamics
Drivers
- Growing consumption of packaged and processed food
The increasing consumption of packaged and processed food is expected to drive the growth of the flexible packaging market during the forecast period. Packaged foods are those food products that have been frozen, packaged, canned, cooked, or changed in nutritional composition and are fortified and preserved in different ways. Food brands are adopting flexible packaging, which involves different packages that are simply molded. Hence, high consumption of packaged and processed food will likely propel the demand for flexible packaging in the market.
- Increasing consumer focus on sustainability and convenience
The growing inclination of consumers towards sustainability and convenience products is another major factor that is likely to propel the market. The changing consumer preferences are because of hectic lifestyles and demand for smaller household units that are easy to use, carry, open, store, and dispose of, catering to their on-the-go lifestyles. Packaging convenience is a major buying motivator for consumers. It affects the consumer preference towards a particular design or packaging type and influences their behavior. Hence, these factors are likely to boost market growth.
Opportunities
- Rising launches of innovative packaging to increase the market growth
Launching innovative packaging to expand the company's customer base and attract more customers is a major factor likely to create lucrative opportunities for market growth. The companies operating in the flexible packaging market focus on manufacturing sustainable and innovative packaging solutions for end-users. For instance, FreeForm Packaging AB launched one-sided stretchable paper laminate in 2021, based on 85 percent paper. Stretchable paper laminate has two layers. These layers of polyethylene are present to protect packaging and content.
- Increasing demand for flexible packaging in the e-commerce sector
Increasing demand for digital printing and e-commerce is expected to create lucrative opportunities for market growth. Flexible packaging is well suited to e-commerce because it minimizes shipping costs due to their lightweight and can be built to accurately match small package transport. For instance, increasing demand for flexible packaging from Amazon and other e-commerce retailers for specific flexible packaging standards that should withstand the parcel shipping process has generated immense opportunities for major players to bring the latest technology to the global market.
Restraints/ Challenges
- Increasing environmental concerns by the usage of flexible plastic packaging
Rising environmental concerns restricted the usage of flexible plastic packaging, which is likely to hamper the flexible packaging market growth during the forecast period. Non-recyclable plastic bags have become a major source of pollution globally. There are concerns about plastic in marine litter and waste. Hence, these concerns proved to be a major challenge to the flexible packaging industry.
- High cost associated with flexible packaging
The high cost of flexible packaging is another major factor limiting the market growth during the forecast period. This is mainly attributed to the high cost of recycling and processing packaging materials, high labor costs, and fluctuation in the price of raw materials. These factors are also the major challenging factor for the growth of the market in the coming years.
This flexible packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flexible packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2022, PPC Flexible Packaging LLC, acquired Plastic Packaging Technologies, LLC, for an undisclosed amount. With this acquisition, PPC surges its innovative packaging formats and flexible packaging solutions for North America's healthcare, food and beverage, and specialty consumer markets.
Global Flexible Packaging Market Scope
The flexible packaging market is segmented on the basis product, material, end use industry and technology. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Pouches
- Bags and Sacks
- Tubes
- Liners
- Sachets and Stick Packs
- Labels
- Tapes
- Films
- Wraps
Material
- Plastic
- Polyethene (P.E.)
- Bi-orientated Polypropylene (BOPP)
- Cast polypropylene (CPP)
- Polyvinyl Chloride (PVC)
- Ethylene Vinyl Alcohol (EVOH)
- Paper
- Metal
- Inorganic Oxides
- Adhesives and Coatings
- Others
End Use Industry
- Food
- Frozen Food
- Dairy Products
- Fruits and Vegetables
- Meat, Poultry, and Seafood
- Baked Goods and Snack Foods
- Candy and Confections
- Other Food Products
- Beverages
- Personal Care and Cosmetics
- Pharmaceuticals
- Electrical and Electronics
- Home Care
- Building and Construction
- Automotive
- Chemicals and Lubricants
- Other Industrial
Technology
- Flexography
- Digital Printing
- Rotogravure
- Others
Flexible Packaging Market Regional Analysis/Insights
The flexible packaging market is analysed and market size insights and trends are provided by country, product, material, end use industry and technology as referenced above.
The countries covered in the flexible packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
Asia-Pacific is expected to dominate the flexible packaging market because of the growing demand for packaged food in this region. Moreover, increasing the disposable income of consumers will further boost the market's growth in this region.
Middle East and Africa are expected to be the fastest developing region during the forecast period of 2023-2030 because of the increasing growth of the pharmaceutical industry in this region. Furthermore, increasing healthcare expenditure will further boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flexible Packaging Market Share Analysis
The flexible packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to flexible packaging market.
Some of the major players operating in the flexible packaging market are:
- Amcor plc (Switzerland)
- Mondi (U.K.)
- Sonoco Products Company (U.S.)
- Sealed Air (U.S.)
- Huhtamaki (Finland)
- Transcontinental Inc (Canada)
- Cosmo Films Ltd (India)
- Polyplex (India)
- UFlex Limited (India)
- Jindal Poly Films (India)
- CLONDALKIN GROUP (Netherlands)
- Constantia Flexibles (Austria)
- TAGHLEEF INDUSTRIES GROUP (UAE)
- DUNMORE (U.S.)
- Celplast Metallized Product (Canada)
- Ultimet Films Ltd (U.S.)
- Accrued Plastic Ltd (U.K.)
- All Foils, Inc. (U.S.)
- SRF Limited (India)
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