Acknowledging the kind of traction gained by this market, Industry data Analytics recently published a study report asserts the global Flexible Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.2% during the review period (2022 to 2027).
Flexible Packaging Market Overview
Flexible packaging refers to a package made of flexible and definitely yielding materials that can be easily molded into different shapes. It is one of the rapidly rising segments of the packaging industry, joining the highest qualities of film, paper, and aluminum foil to deliver a wide range of protective characteristics. These packages can obtain the shape of a pouch, liner, bag or overwrap and it can resonate with any type of packaging. Numerous applications of flexible packaging in the food industry include packaging of ready-to-eat food items, boil-in-bag pouches, and foods that are often transferred from freezer-to-microwave. Packaging used for freezer-to-microwave type food is resistant to high temperature extravagances and is a good moisture-resistant sealant as well. The non-food product applications of flexible packaging include insulation, cosmetics, and healthcare. The market is growing rapidly with flexible packaging confirming food safety, enhanced value of food products, extended shelf-life, heating and moisture barrier, effective permeability, and ease of use. Consumers also prefer this packaging type because of its commitment to convenience, aesthetic appeal and durability.
The demand for flexible packaging is rising faster than in numerous other forms. It comprises trends like e-commerce, digital printing, and sustainability, which can drive market development and evolution. Customers are increasingly eager to pay extra for specific product attributes increased by flexible packaging. According to the Flexible Packaging Association, more than 60% of consumers in North America are keen to pay more for tangible and functional packaging assistances, such as product protection, shipping friendly and supply chain efficacy, among others.
Recent Developments:
Amcor’s single-serve plastic bottles and flexible packaging reshape dairy industry
January 21, 2021: The evolution of the dairy segment and its packaging is here. Leading packaging suppliers like Amcor have the capabilities and expertise to shape, cultivate, and drive that change and deliver the milk bottle and flexible packaging of the future.
Who are the Major Players in Flexible Packaging Market?
The Foldable Intermediate Bulk Containers (IBC) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Amcor plc (NYSE :AMCR), Bemis Company, Berry Global Group, Inc. (NYSE :BERY), Mondi plc (LSE :MNDI.L), Sealed Air Corporation (NYSE :SEE), Aluflexpack novi, Bak Ambalaj Sanayi, Constantia Flexibles, Clondalkin Group, Danaflex, DS Smith, Glenroy, Huhtamäki, Printpack and ProAmpac and others.
What are the major Applications, Types and Regions for Flexible Packaging Market?
Flexible Packaging Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Printed Rollstock
- Preformed Bags and Pouches
- Others
By Raw Material, it is segmented into
- Plastic
- Paper
- Aluminium Foil
- Cellulose
By Application it is segmented into
- Food & Beverages
- Pharmaceuticals
- Cosmetics
- Others
Flexible Packaging Market Regional Analysis
The APAC region accounted for the largest market share in previous year. Features such as educating global economy, expanding working population, rising domestic demand for ready-to-eat and convenience food products are anticipated to enhancement the market for flexible plastic packaging. The market for flexible plastic packaging in APAC is rising in the food, beverage, pharmaceutical, and personal care and cosmetics industries due to the functional properties offered by flexible plastic packaging, such as safety, cost-effectiveness, durability, strength, lightweight, environmental-friendliness, and handling convenience..
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Flexible Packaging Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.2% during the review period (2022 to 2027).
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By Type
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By Type, it is segmented into
- Printed Rollstock
- Preformed Bags and Pouches
- Others
By Raw Material, it is segmented into
- Plastic
- Paper
- Aluminium Foil
- Cellulose
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By Application
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- Food & Beverages
- Pharmaceuticals
- Cosmetics
- Others
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By Companies
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Amcor plc (NYSE :AMCR), Bemis Company, Berry Global Group, Inc. (NYSE :BERY), Mondi plc (LSE :MNDI.L), Sealed Air Corporation (NYSE :SEE), Aluflexpack novi, Bak Ambalaj Sanayi, Constantia Flexibles, Clondalkin Group, Danaflex, DS Smith, Glenroy, Huhtamäki, Printpack and ProAmpac
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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93
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Flexible Packaging Report
- Evaluate Flexible Packaging market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Flexible Packaging market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Flexible Packaging market.
Frequently Asked Questions
What is the study period of this market?
The Flexible Packaging Market is studied from 2017 - 2027.
What is the growth rate of Flexible Packaging Market?
The Flexible Packaging Market is growing at a CAGR of 5.2% over the next 5 years.
Who are the leading key players in Flexible Packaging Market?
Amcor plc (NYSE :AMCR), Bemis Company, Berry Global Group, Inc. (NYSE :BERY), Mondi plc (LSE :MNDI.L), Sealed Air Corporation (NYSE :SEE), Aluflexpack novi, Bak Ambalaj Sanayi, Constantia Flexibles, Clondalkin Group, Danaflex, DS Smith, Glenroy, Huhtamäki, Printpack and ProAmpac
What regions regions does this Flexible Packaging Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Flexible Packaging Market?
Printed Rollstock, Preformed Bags and Pouches, Others
What are the significant Applications of Flexible Packaging Market?
Food & Beverages, Pharmaceuticals, Cosmetics, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
