Flexible Packaging Market Research Report - Global Forecast till 2030

Flexible Packaging Market: Information by Material (Plastic, Paper, Aluminum Foil and others), Product Type (Pouches, Bags, Wraps and others), Printing Technology (Flexography, Digital Printing and others), Application (Food & Beverage, Pharmaceutical, Personal Care and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast to 2030

ID: MRFR/PNT/0645-CR | October 2020 | Region: Global | 150 Pages         

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

5 Global Flexible Packaging Market, By Material

5.1 Introduction

5.2 Plastic

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast, By Region, 2020-2027

5.3 Paper

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast, By Region, 2020-2027

5.4 Aluminium Foil

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast, By Region, 2020-2027

5.5 Others

5.5.1 Market Estimates & Forecast, 2020-2027

5.5.2 Market Estimates & Forecast, By Region, 2020-2027

6 Global Flexible Packaging Market, By Product Type

6.1 Introduction

6.2 Pouches

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, By Region, 2020-2027

6.3 Bags

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, By Region, 2020-2027

6.4 Wraps

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, By Region, 2020-2027

6.5 Others

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast, By Region, 2020-2027

7 Global Flexible Packaging Market, By Printing Technology

7.1 Introduction

7.2 Flexography

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, By Region, 2020-2027

7.3 Digital Printing

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, By Region, 2020-2027

7.4 Others

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, By Region, 2020-2027

8 Global Flexible Packaging Market, By Application

8.1 Introduction

8.2 Food & Beverage

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, By Region, 2020-2027

8.3 Pharmaceutical

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, By Region, 2020-2027

8.4 Personal Care

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast, By Region, 2020-2027

8.5 Others

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast, By Region, 2020-2027

9 Global Flexible Packaging Market, By Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast, By Material, 2020-2027

9.2.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.2.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.2.5 Market Estimates & Forecast, By Application, 2020-2027

9.2.6 US

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast, By Material, 2020-2027

9.2.6.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.2.6.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.2.6.5 Market Estimates & Forecast, By Application, 2020-2027

9.2.7 Canada

9.2.7.1 Market Estimates & Forecast, 2020-2027

9.2.7.2 Market Estimates & Forecast, By Material, 2020-2027

9.2.7.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.2.7.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.2.7.5 Market Estimates & Forecast, By Application, 2020-2027

9.2.8 Mexico

9.2.8.1 Market Estimates & Forecast, 2020-2027

9.2.8.2 Market Estimates & Forecast, By Material, 2020-2027

9.2.8.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.2.8.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.2.8.5 Market Estimates & Forecast, By Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast, By Material, 2020-2027

9.3.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.3.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.3.5 Market Estimates & Forecast, By Application, 2020-2027

9.3.6 UK

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast, By Material, 2020-2027

9.3.6.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.3.6.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.3.6.5 Market Estimates & Forecast, By Application, 2020-2027

9.3.7 Germany

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast, By Material, 2020-2027

9.3.7.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.3.7.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.3.7.5 Market Estimates & Forecast, By Application, 2020-2027

9.3.8 France

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast, By Material, 2020-2027

9.3.8.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.3.8.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.3.8.5 Market Estimates & Forecast, By Application, 2020-2027

9.3.9 Italy

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast, By Material, 2020-2027

9.3.9.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.3.9.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.3.9.5 Market Estimates & Forecast, By Application, 2020-2027

9.3.10 Rest Of Europe

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast, By Material, 2020-2027

9.3.10.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.3.10.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.3.10.5 Market Estimates & Forecast, By Application, 2020-2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast, By Material, 2020-2027

9.4.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.4.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.4.5 Market Estimates & Forecast, By Application, 2020-2027

9.4.6 China

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast, By Material, 2020-2027

9.4.6.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.4.6.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.4.6.5 Market Estimates & Forecast, By Application, 2020-2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast, By Material, 2020-2027

9.4.7.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.4.7.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.4.7.5 Market Estimates & Forecast, By Application, 2020-2027

9.4.8 India

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast, By Material, 2020-2027

9.4.8.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.4.8.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.4.8.5 Market Estimates & Forecast, By Application, 2020-2027

9.4.9 Rest Of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast, By Material, 2020-2027

9.4.9.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.4.9.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.4.9.5 Market Estimates & Forecast, By Application, 2020-2027

9.5 Rest Of The World (RoW)

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast, By Material, 2020-2027

9.5.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.5.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.5.5 Market Estimates & Forecast, By Application, 2020-2027

9.5.6 South America

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast, By Material, 2020-2027

9.5.6.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.5.6.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.5.6.5 Market Estimates & Forecast, By Application, 2020-2027

9.5.7 Middle East & Africa

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast, By Material, 2020-2027

9.5.7.3 Market Estimates & Forecast, By Product Type, 2020-2027

9.5.7.4 Market Estimates & Forecast, By Printing Technology, 2020-2027

9.5.7.5 Market Estimates & Forecast, By Application, 2020-2027

10 Competitive Landscape

11 Company Profile

11.1 Amcor Limited (Australia)

11.1.1 Company Overview

11.1.2 Products/Services Offered

11.1.3 Financial Overview

11.1.4 Key Developments

11.1.5 Key Strategies

11.1.6 SWOT Analysis

11.2 Sealed Air (US)

11.2.1 Company Overview

11.2.2 Products/Services Offered

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 Key Strategies

11.2.6 SWOT Analysis

11.3 Sonoco Products Company (US)

11.3.1 Company Overview

11.3.2 Products/Services Offered

11.3.3 Financial Overview

11.3.4 Key Developments

11.3.5 Key Strategies

11.3.6 SWOT Analysis

11.4 COVERIS (US)

11.4.1 Company Overview

11.4.2 Products/Services Offered

11.4.3 Financial Overview

11.4.4 Key Developments

11.4.5 Key Strategies

11.4.6 SWOT Analysis

11.5 HUHTAMAKI GROUP (Finland)

11.5.1 Company Overview

11.5.2 Products/Services Offered

11.5.3 Financial Overview

11.5.4 Key Developments

11.5.5 Key Strategies

11.5.6 SWOT Analysis

11.6 Mondi (Austria)

11.6.1 Company Overview

11.6.2 Products/Services Offered

11.6.3 Financial Overview

11.6.4 Key Developments

11.6.5 Key Strategies

11.6.6 SWOT Analysis

11.7 CONSTANTIA (Austria)

11.7.1 Company Overview

11.7.2 Products/Services Offered

11.7.3 Financial Overview

11.7.4 Key Developments

11.7.5 Key Strategies

11.7.6 SWOT Analysis

11.8 Berry Global Inc. (US)

11.8.1 Company Overview

11.8.2 Products/Services Offered

11.8.3 Financial Overview

11.8.4 Key Developments

11.8.5 Key Strategies

11.8.6 SWOT Analysis

11.9 Reynolds (New Zealand)

11.9.1 Company Overview

11.9.2 Products/Services Offered

11.9.3 Financial Overview

11.9.4 Key Developments

11.9.5 Key Strategies

11.9.6 SWOT Analysis

11.10 CLONDALKIN GROUP (The Netherlands)

11.10.1 Company Overview

11.10.2 Products/Services Offered

11.10.3 Financial Overview

11.10.4 Key Developments

11.10.5 Key Strategies

11.10.6 SWOT Analysis

12 List Of Tables

TABLE1 Global Flexible Packaging Market, By Region, 2020-2027

TABLE2 North America: Flexible Packaging Market, By Country, 2020-2027

TABLE3 Europe: Flexible Packaging Market, By Country, 2020-2027

TABLE4 Asia-Pacific: Flexible Packaging Market, By Country, 2020-2027

TABLE5 RoW: Flexible Packaging Market, By Country, 2020-2027

TABLE6 Global Flexible Packaging Market, By Material, By Region, 2020-2027

TABLE7 North America: Flexible Packaging Market, By Material, By Country, 2020-2027

TABLE8 Europe: Flexible Packaging Market, By Material, By Country, 2020-2027

TABLE9 Asia-Pacific: Flexible Packaging Market By Material, By Country, 2020-2027

TABLE10 RoW: Flexible Packaging Market By Material, By Country, 2020-2027

TABLE11 Global Flexible Packaging Market, By Product Type, By Region, 2020-2027

TABLE12 North America: Flexible Packaging Market, By Product Type, By Country, 2020-2027

TABLE13 Europe: Flexible Packaging Market, By Product Type, By Country, 2020-2027

TABLE14 Asia-Pacific: Flexible Packaging Market By Product Type, By Country, 2020-2027

TABLE15 RoW: Flexible Packaging Market By Product Type, By Country, 2020-2027

TABLE16 Global Flexible Packaging Market, By Printing Technology, By Region, 2020-2027

TABLE17 North America: Flexible Packaging Market, By Printing Technology, By Country, 2020-2027

TABLE18 Europe: Flexible Packaging Market, By Printing Technology, By Country, 2020-2027

TABLE19 Asia-Pacific: Flexible Packaging Market By Printing Technology, By Country, 2020-2027

TABLE20 RoW: Flexible Packaging Market By Printing Technology, By Country, 2020-2027

TABLE21 Global Flexible Packaging Market, By Application, By Region, 2020-2027

TABLE22 North America: Flexible Packaging Market, By Application, By Country, 2020-2027

TABLE23 Europe: Flexible Packaging Market, By Application, By Country, 2020-2027

TABLE24 Asia-Pacific: Flexible Packaging Market By Application, By Country, 2020-2027

TABLE25 RoW: Flexible Packaging Market By Application, By Country, 2020-2027

TABLE26 Global Flexible Packaging Market, By Region, 2020-2027

TABLE27 Global Flexible Packaging Market, By Material, 2020-2027

TABLE28 Global Flexible Packaging Market, By Product Type, 2020-2027

TABLE29 Global Flexible Packaging Market, By Printing Technology, 2020-2027

TABLE30 Global Flexible Packaging Market, By Application, 2020-2027

TABLE31 North America: Flexible Packaging Market, By Country

TABLE32 North America: Flexible Packaging Market, By Material

TABLE33 North America: Flexible Packaging Market, By Product Type

TABLE34 North America: Flexible Packaging Market, By Printing Technology

TABLE35 North America: Flexible Packaging Market, By Application

TABLE36 Europe: Flexible Packaging Market, By Country

TABLE37 Europe: Flexible Packaging Market, By Material

TABLE38 Europe: Flexible Packaging Market, By Product Type

TABLE39 Europe: Flexible Packaging Market, By Printing Technology

TABLE40 Europe: Flexible Packaging Market, By Application

TABLE41 Asia-Pacific: Flexible Packaging Market, By Country

TABLE42 Asia-Pacific: Flexible Packaging Market, By Material

TABLE43 Asia-Pacific: Flexible Packaging Market, By Product Type

TABLE44 Asia-Pacific: Flexible Packaging Market, By Printing Technology

TABLE45 Asia-Pacific: Flexible Packaging Market, By Application

TABLE46 RoW: Flexible Packaging Market, By Country

TABLE47 RoW: Flexible Packaging Market, By Material

TABLE48 RoW: Flexible Packaging Market, By Product Type

TABLE49 RoW: Flexible Packaging Market, By Printing Technology

TABLE50 RoW: Flexible Packaging Market, By Application

13 List Of Figures

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top-Down And Bottom-Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Flexible Packaging Market Share, By Material, 2020 (%)

FIGURE 9 Global Flexible Packaging Market, By Material, 2020-2027 (USD Million)

FIGURE 10 Global Flexible Packaging Market Share, By Product Type, 2020 (%)

FIGURE 11 Global Flexible Packaging Market, By Product Type, 2020-2027 (USD Million)

FIGURE 12 Global Flexible Packaging Market Share, By Printing Technology, 2020 (%)

FIGURE 13 Global Flexible Packaging Market, By Printing Technology, 2020-2027 (USD Million)

FIGURE 14 Global Flexible Packaging Market Share, By Application, 2020 (%)

FIGURE 15 Global Flexible Packaging Market, By Application, 2020-2027 (USD Million)

FIGURE 16 Global Flexible Packaging Market Share (%), By Region, 2020

FIGURE 17 Global Flexible Packaging Market, By Region, 2020-2027 (USD Million)

FIGURE 18 North America: Flexible Packaging Market Share (%), 2020

FIGURE 19 North America: Flexible Packaging Market By Country, 2020-2027 (USD Million)

FIGURE 20 Europe: Flexible Packaging Market Share (%), 2020

FIGURE 21 Europe: Flexible Packaging Market, By Country, 2020-2027 (USD Million)

FIGURE 22 Asia-Pacific: Flexible Packaging Market Share (%), 2020

FIGURE 23 Asia-Pacific: Flexible Packaging Market, By Country, 2020-2027 (USD Million)

FIGURE 24 Rest Of The World: Flexible Packaging Market Share (%), 2020

FIGURE 25 Rest Of The World: Flexible Packaging Market By Country, 2020-2027 (USD Million)

Flexible Packaging Market

Flexible Packaging Market is projected to be worth USD 230.78 billion by 2030, registering a CAGR of 4.9% during the forecast period (2022 to 2030).the market was valued at USD 168.52 billion in 2021.

Segmentation

By Material Plastic Paper Aluminum Foil Others
By Product Type Pouches Bags Wraps Others
By Printing Technology Flexography Digital Printing Others
By Application Food & Beverage Pharmaceutical Personal Care Others

Key Players

  • CLONDALKIN Group (Netherlands)
  • Reynolds (New Zealand)
  • Berry Global Inc. (US)
  • Sealed Air Corporation (US)
  • Sonoco Products Company (US)
  • Mondi Group (Austria)
  • CONSTANTIA (Austria)
  • Amcor Limited (Australia)
  • HUHTAMAKI Group (Finland)
  • Coveris Holdings SA

Drivers

  • Shift of focus of many individuals to processed food
  • The cost of shipping is low for such materials
  • Increased consumer preference towards flexible materials
  • Increased import and export from different countries.
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Flexible Packaging Market Overview


Flexible Packaging Market is projected to be worth USD 230.78 billion by 2030, registering a CAGR of 4.9% during the forecast period (2022 to 2030).the market was valued at USD 168.52 billion in 2021.


COVID-19 Analysis


The COVID-19 outbreak had an adverse effect upon various industries such as pharmaceuticals, beverages, and food. Especially, the supply and transportation of the materials were heavy impacted due to lockdown. Restaurants and food outlets were shut down that reflected upon the downfall of the market. Various manufacturing units were forced to shut down due to the unavailability of labours, lack of funds, and raw materials. It is expected that after the pandemic will be over, the flexible packaging market revenue will increase in the future.


Competitive Landscape


Key players around the world are using various tactics for increasing their business revenue and capture the market. They are doing mergers, collaborations, new ventures, launching new products, etc. Some companies such as Amcor, Berry Global Inc., Amron Limited are major key players. The list of major key players in the flexible packaging industry-



Industry Updates


June 2021- Fujifilm has launched new digital inkjet water-based jet press FP790 for flexible packaging.


Market Dynamics


Market Drivers


The flexible packaging market trends will rise during the forecast period due to various drivers. The drastic shift of consumers for the processed food is one of the major factors. The materials are lightweight and appealing. Consumers are now aware of the harmful effects of non-degradable products. The flexible packaging helps to effectively pack the products without harming the environment. Materials like plastic, paper, aluminium, foil, etc. require less storage than other packaging materials. Also, the shipment costs are comparatively less for packaging in the confectionery items, bakery, and other items.


Restraints


One of the major restraints is the stringent rules and regulation by the government can hamper market growth. Also, the evolution of various technologically enhanced products and the rising use of sustainable packaging are expected to restraint the market growth to a certain extent. Along with that, the need to maintain the high standards will also hinder the market growth for the future years.


Opportunities


The evolution of nanotechnology has enhanced the packaging in pharmaceuticals, cosmetics, food production, and manufacturing. The flexible materials which are eco-friendly, biodegradable, and recyclable will boost the market. It has high durability, and easy to carry which is efficient in transportation, and possesses high resistance from the external environment. It will lower the cost of shipment. Thus, Easy packaging will also increase the import and export of various products effectively among various countries.


Challenges


One of the major challenges the flexible packaging industry is expected to rising demand  in the pharmaceutical industry.  It is because people are now more aware of sustainable and environmentally friendly products. Hence, this can be a huge challenge in the industry in the forthcoming years.


Cumulative Analysis


The increased use of various packaging materials is expected to boost the market growth in the upcoming years. Various drivers and opportunities are expected to promote growth. It is projected that the flexible packaging industry will grow a Compound Annual Growth Rate (CAGR) of 6.09% during the forecast period 2020-2027. The developing rapid urbanization and change of preferences about packaging among customers will be beneficial for the market.


Value Chain Analysis


The value of the flexible packaging industry will grow at a significant rate for its various uses and high demand among manufacturing companies. The market has ample potential to generate more revenue in the forthcoming years. Investments by major key players for the research and developments and technological advancements are important factors. Various technological advancements and easy rules and regulations by the government will be beneficial for the market to grow.


Market Segmentation


The flexible packaging industry is segmented into application, product type, technology, and material. On the basis of technology, the market is further divided into flexography and digital printing.


On the basis of type, the market is further bifurcated into pouches, bags, sachets, wraps, and others.


Based upon the material, the flexible packaging industry is further classified into foil, paper, aluminium, plastic, and others.


On the basis of application, the flexible packaging industry is further categorised into furnishing, beverage, cosmetics, food, pharmaceuticals, and others.


Regional Analysis


Geographically, is divided into these regions- North America, Asia-Pacific, Europe, and the Rest of the World. The North American region holds a substantial stake in the flexible packaging industry. The supportive policies and rules and regulation by government in North America have promoted the growth of new manufacturing units in various regions.


 It is projected that the Asia-Pacific region will dominate the market during the forecast period. Developing countries like India and China have witnessed massive growth. Some of the major reasons are the increasing rate of industrialization, rising economic value, and increasing population. Consumers are now aware of food safety and they prefer lightweight and efficient packaging.


The European region stands in the second position after the Asia-Pacific. Various companies in the pharmaceutical industry contribute to the growth of flexible packaging market value. Along with that, the makeup and cosmetic industry in countries such as Italy, France, Germany, and the UK is fuelling the market.


The countries in the rest of the world are also projected to have substantial growth during the forecast period. The governments in the countries like Saudi Arabia have been investing in research and development. Pharmaceutical companies have emerged drastically in the past years due to these favourable policies.


Recent Developments



  • In 2019, Amcor Company announced the opening of testing laboratories in Michigan (US) and Manchester (England). The expansion of the company is expected to attract customers to increase the revenue among food, beauty, pet food, personal care, etc.

  • Smurfit Kappa in 2020 has launched its new product called "Bag-in-Box" which offers the best solution for keeping drinks fresh for more than 24 months. The products also remain fresh up to 8 weeks even after opening.

  • LPS industries have recently announced its partnership with a company called Farnell Packaging Limited. This partnership is expected to increase their business portfolio by the production of plastics and paper materials for packaging in the US.

  • In the year 2018, Amcor Limited announced its acquisition of a company called Bemis Corporation to increase its geographical foothold and future growth.


Report Overview


The rising concerns to lessen the harmful impact of various environmentally toxic packaging are elevating the market towards growth. The demand for food packaging especially in developing Asia-Pacific countries like China and India can increase the growth in the upcoming years.


The technological advancements in nanotechnology for packaging, manufacturing food processing industries are some important factors for the development of the flexible packaging market. It has been observed that there has been a significant shift among the preferences of consumers for lightweight, durable and appealing packages. The demand for renewable packaging items which are biodegradable, eco-friendly for snacks, food will increase the market growth.


The lifestyle of consumers and the drastic shift towards packaged and processed food has increased the massive demand for flexible packaging. People are now largely ordering food from outside or eating out that has driven the market growth. However, there are several restraints such as fewer workforces and production can hinder the flexible packaging market growth.


Along with that, cost-effectiveness will also boost the market during the forecast period. The beauty product manufacturing companies, the pharmaceutical industry will also improve the market growth. Flexible packaging also requires less storage due to materials like film packaging and shipment cost will improve the market growth.


The report overview of the flexible packaging market is as follows-



  • Market Overview

  • COVID-19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments of the Key players


Report Score



  • Study Period- 2021-2027

  • Base Year- 2021

  • Forecast Period- 2022 to 2030

  • Historical Period- 2019 & 2020


The score of the report s to provide detailed information about the flexible packaging market outlook. This report highlights the growth and future strengths. It also provides brief information on the key players and their recent developments.


Segmentation



  • By Application

  • Cosmetic

  • Furnishing

  • Food

  • Beverage

  • Pharmaceutical



  • By Technology

  • Flexography

  • Digital Printing

  • By Type

  • Sachet

  • Bags

  • Wraps

  • Pouches

  • Others



  • By Region

  • North America

  • Asia-Pacific

  • Europe

  • Rest of the World



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 230.78 billion
  CAGR   6.9% CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material, Product Type ,Printing Technology, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Sealed Air (US), COVERIS (US), Mondi (Austria), Berry Global Inc. (US), CLONDALKIN GROUP (The Netherlands), Amcor Limited (Australia), Sonoco Products Company (US), HUHTAMAKI GROUP (Finland), CONSTANTIA (Austria), and Reynolds (New Zealand).
  Key Market Opportunities   Increasing demand for eco-friendly, recyclable, biodegradable, and bio-based PLA film packaging
  Key Market Drivers

  • Shift of focus of many individuals to processed food
  • Using aesthetically appealing and lightweight packages
  • Less storage is required for flexible materials like paper, plastic, foil, aluminum, etc.
  • The cost of shipping is low for such materials.
  • Increased consumer preference towards flexible materials.
  • Increased import and export from different countries.
  • Using bioplastics to reduce waste accumulation.
  • Increase in use of flexible packaging in pharmaceutical industry owing to the awareness in people for hygiene and health
  • Technological development in the sachets and pouches used in the cosmetic industry.


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    Frequently Asked Questions (FAQ) :

    It is projected that the flexible packaging market will grow at a 6.9% CAGR during the forecast period 2022-2030.

    It is speculated that the Asia-Pacific region will dominate the global flexible packaging market.

    The global flexible packaging market is divided into application, material, printing technology, and product type.

    Some of the key players in the flexible packaging industry are- CLONDALKIN Group (Netherlands), Reynolds (New Zealand), Berry Global Inc. (US), Sealed Air (US), Sonoco Products Company (US), Mondi (Austria), CONSTANTIA (Austria), Amcor Limited (Australia), HUHTAMAKI Group (Finland), ad others.

    Increasing use of lightweight packages, eco-friendly and biodegradable packaging are important market drivers of the flexible packaging industry.