The Converted Flexible Packaging Market Size was valued at USD 159.93 Million in 2023. The converted flexible packaging industry is projected to grow from USD 170.38 Million in 2024 to USD 293.69 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.04% during the forecast period (2024 - 2032). Converted flexible is one of the packaging kinds, which incorporate combining unprocessed materials like polyesters, plastics, adhesives paper, and paperboard, to manufacture new packaging materials, like bags and pouches. It is widely used over users like food and beverages, pharmaceuticals, personal care, and consumer goods.
Innovative packaging techniques with modernized in various crucial fields of material performance, besides with growing usage in consumer region, including food and beverage, and, health and beauty, pharmaceuticals are anticipated to support market forecasts. The continuing conversion from tight to flexible formats and customer interest in one-use packaging will be leading to continue and drive the flexible packaging material trend.
In February 2024, Chennai Corporation initiated an outreach program targeting retail shops to educate them about local alternatives to single-use plastic bags, such as banana leaf products, clothes, and other biodegradable items locally found in the town. On Saturday, Corporation Commissioner J.Radhakrishnan headed a delegation of officials to retail shops that still used single-use plastic bags and urged the traders to look for local alternatives for packaging that could be degraded by natural processes.
The pandemic outbreaks and offer guidance for stabilizing the financial status. The market for converted flexible packaging is growing due to its requirement and demand. Even though, covid impacts almost all the business sectors globally, the market share of the converted flexible packaging market is rising vigorously. With the help of more effective techniques specified in this Flexible Plastic Packaging market analysis, large corporations could easily extend their production and business or material collection.
The Covid-19 pandemic shutters the world with lockdowns and effective curfews, during that time a huge number of customers preferred online grocery and provision shopping, a new trend that will undeniably continue. In addition, Online grocery will distend to 21.6% of total United States grocery sales by the year 2025, it values more than increasing its current market share of the entire grocery market, a recent survey by grocery e-commerce expertise Mercatus. Such statistics depict that the outbreak of the pandemic has raised the market share in the online medium.
The conversion from firm packaging to converted flexible packaging and rising consumer choice for packaged food or material are major key factors of the market drivers of converted flexible packaging.
Seafood will be the leading food market that drives the growth of the converted flexible packaging industries. Seafood may lead the trend of the market as contrary to poultry and meat across the upcoming years and might be encouraged by continuous customer demand for personally wrapped portions and also pre-seasoned and case-ready proteins.
Bags and pouches used in the poultry, meat, and seafood production market are generally high-restricted products that aid to expand the shelf life and increase the expiry date of these products. These kinds of products are highly perishable. In addition, a vast range of value appended features is utilized in this market to increase marketability or convenience.
The main market divisions for flexible packaging are art & education, food & beverages, household products, consumer products, medical and pharmaceutical, healthcare, toiletries and cosmetics, market supply food, industrial apps, supplements and nutritional, horticulture, agricultural, and veterinary & pet foods. These industrial sectors demand the market of converted flexible packaging. It leads to the rise of the market trend and market growth.
Enhancing the value for converted flexible packaging market trend in the perishable (easily degraded) proteins market involves peel films, room fresheners cook bags and films, enhanced leak and damage resistance, odor control, freshness expanding components, films that permit for high-quality screening and printing, and pouches. These are all the other key factors that require better packaging technology like the flexible packaging market trend.
Though the market of converted flexible packaging has many benefits and growth there is a loophole that restraints the growth of the flexible packaging market. Those are the factors like strict regulations on the production of converted flexible packaging that might challenge the growth and development of the market.
Converted Flexible Packaging market gaining the attention among the consumers. Due to the conversion in customer preference and awareness about the benefits of using converted flexible packaging solutions. The main restricting factors in the converted flexible packaging could be the goods mostly used is only dry food products, this type of packaging is not suited for liquid-based products.
The converted flexible packaging factories are being challenged by growing product costs and huge demand for materials like low-fat munches, which need innovative ideas and enzymes combinations to reach the expectations of packager demand for freshness. Technological improvements encompass controlled-environment and changed-atmosphere packaging, which output to many extends the shelf life of products such as meats, and fresh products.
Novel resins, for example, metallocene that is powerful and much better than traditional products. The packaging technique varies for the materials used to pack the product depending upon the quality packaging the growth of the market increases. Sometimes, the same factor challenges the market rise. Handling the products with care retains the packaging quality. Some consumers prefer the features like zippered bags and customized closures.
The growth of the international converted flexible packaging market depends on the requirement for innovative and unique packaging techniques, changing consumer preferences, enhanced standards are anticipated to improve the demand for the market of converted flexible packaging.
Unique packaging techniques with modernized in various crucial fields of material performance, besides with growing usage in consumer region, including food and beverage, and, health and beauty, pharmaceuticals are anticipated to support market forecasts. The continuing conversion from tight to flexible formats and customers' interest in one-use packaging will lead to continue and drive the converted flexible packaging market trend.
The most attractive attribute of this converted flexible packaging market survey is that it represents measurable data in a graphical method. It depicts the reality of economic origin. The conversion from firm packaging to converted flexible packaging and rising consumer choice for packaged food or material are major key factors of the market drivers of converted flexible packaging. Plastic in the type of PE, PVC PP is used widely in plastic-based converted flexible packaging sectors. These materials offer high restrictions, cost-efficiency, heat resistance, and long-lasting, durable packaging choices. These major factors are fueling the demand for plastic products.
It advises high-level enterprises on how to grow their market stand over methods like mergers partnerships and collaborations. It also aids in generating successful business methods and support firms make better choices and decisions. Deciding pricing methods and also product features to avoid the risk of the converted flexible packaging market trend.
The unstoppable growth in the packaging industries in the region of Asia Pacific is the major factor increasing the market growth. The rising number of online stores and supermarkets in the same region resultant as the high requirement for multipacks of several grocery materials are anticipated to enhance the need for products of converted flexible packaging. Japan, China, Thailand, and India are the main investors in the APAC market. China was responsible for the leading market share, owing to the fast rise in industrial development and urbanization.
The region of North America was another major international market of flexible packaging converter. Fast growth in the stock industry of the region of North America is another factor fueling the market growth. The main converted flexible packaging producers like Sealed Air Corporation, Bemis Company, and Sonoco Products firms among other manufacturers are occur in the region of North America. These factors create a positive impact on the rise of the market share. The United States is responsible for the major reason for increasing market share from the North American region.
SABIC has announced the successful roll-out of its first circular packaging project in Saudi Arabia as part of TRUCIRCLE, which fosters a circular plastics economy. The FONTE, one of the biggest players in the bakery industry in the Kingdom of Saudi Arabia (KSA), has introduced SABIC’s certified circular polyethylene (PE) bread bags into their Oat Arabic Bread. These are made by Napco National, which is a vertically integrated Saudi manufacturer of flexible film and packaging products. It uses two food-contact certified circular polyethylene resin grades (LLDPE) from SABIC’s TRUCIRCLE portfolio.
Amcor (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced it has launched curbside-recyclable AmFiberTM Performance Paper packaging in North America as part of its AmFiber portfolio. Prequalified by How2Recycle®, performance paper meets the reliability standards for curbside recycling, allowing brands to offer packaging with more sustainable end-of-life outcomes for consumers. Brand and product needs drive paper-based packaging alternatives utilizing innovative technologies that provide appropriate barrier properties, shelf life, and machine performances. For example, consumers often demand paper-based packages because they can be recycled through widespread curbside paper collection systems at the end of their lives. Additionally, on store shelves, customers opt for paper-based solutions, which look more natural than other materials.
In July 2023, Mondi announced the launch of its new range of sustainable flexible packaging solutions. These solutions are made from renewable materials and are designed to reduce the environmental impact of packaging.
In June 2023, Amcor announced the acquisition of Bemis, a leading flexible packaging company. This acquisition is expected to create a global leader in flexible packaging with a strong portfolio of sustainable products.
This report has covered:
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 159.93 Million |
| Market Size 2024 | USD 170.38 Million |
| Market Size 2032 | USD 293.69 Million |
| Compound Annual Growth Rate (CAGR) | 7.04% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Product, Application |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Bemis Company Inc. (U.S.), Amcor Limited (Australia), Sealed Air Corporation (U.S.), Sonoco Products Company (U.S.), Constantia Flexibles Group GmbH (Austria), Graphics Packaging Holding Company (U.S.), Bischof + Klein SE & Co. KG (Germany), Honeywell International Incorporated (U.S.), Ampac Packaging LLC (U.S.), and Oracle Packaging Inc. (U.S.) |
| Key Market Opportunities | Rapid growth in the retail industry of the North American |
| Key Market Dynamics | Increased consumption of processed and packaged foods & beverages Environmental advantages Reduces energy usage |
Converted Flexible Packaging Market Highlights:
Frequently Asked Questions (FAQ) :
The converted flexible packaging market value can touch USD 293.69 million by 2032.
The converted flexible packaging market is expected to display 7.04% CAGR from 2024 to 2032.
Environmental advantages of converted flexible packaging is the major driver of the market.
Pouches can capture a large market share over the forecast period.
Asia-Pacific can lead in the converted flexible packaging market.
Bemis Company Inc., Sealed Air Corporation, Honeywell International Incorporated, Constantia Flexibles Group GmbH, Oracle Packaging Inc., Sonoco Products Company, Bischof + Klein SE & Co. KG, Ampac Packaging LLC, Graphics Packaging Holding Company, and Amcor Limited are key players of the global converted flexible packaging market.
Converted flexible packaging is anticipated to reach USD 94,895 million by the year 2027 and register a CAGR of 5.5%
$94,895 Million
5.5%
Asia Pacific
2020-2027
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Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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