Expert Market Research Explores the Top 6 Companies in the Global Flexible Packaging Market

Amcor plc, Berry Global Inc., Sealed Air Corporation, Mondi plc, DS Smith, and Huhtamäki Oyj, among others, are the major players in the global flexible packaging market. 

The global flexible packaging market is projected to grow at a CAGR of 4.5% in the forecast period of 2024-2032. As per the analysis by Expert Market Research, the market is expected to be driven by the growing prominence of flexible packaging products in the industry.

Flexible packaging refers to easily modifiable packaging, encompassing pouches, bags, sachets, and wraps crafted from materials such as plastic, paper, film, and aluminium foil, often in combinations. This material provides protective features and optimal utilisation, serving for packaging both institutional and consumer products. Its applications extend to industrial usage, safeguarding and supplying a diverse array of products.

In the 2023 report, the civil society organisation Oceana examined the advantages of transitioning from single-use to reusable beverage packaging. The study suggests that a ten percent increase in reusable packaging by 2030 could eliminate over 1 trillion single-use plastic bottles and cups. In 2022, consumers bought over 755 billion litres of non-alcoholic ready-to-drink beverages, with 6.3% sold in reusable packaging and 75% in single-use plastics. The report estimates global sales in 2022 equate to 1.1 trillion 500 ml single-use plastic bottles, with an anticipated 133 billion ending up in aquatic systems. The U.S. flexible packaging market, a key player, directly employs nearly 79,000 people, ranging from small manufacturers to large corporations with multiple facilities.

The flexible packaging market growth is propelled by the increasing significance of flexible packaging products in various industries. The surge in demand from end-user segments is attributed to the cost efficiency and convenience offered by these products. Ongoing innovations in both product and material modifications are addressing the rising demand, particularly in developed regions.

The global flexible packaging market is on the rise, fuelled by the economic growth and escalating consumerism in emerging regions like the Asia Pacific and the Middle East and Africa. Notably, China stands out as the primary market leader within the Asia Pacific region.

In April 2022, Mondi collaborated with French machine supplier Thimonnier to develop recyclable packaging for liquid soap refills. The berlingot sachet, made from a recyclable mono-material, coextruded polyethylene (PE), significantly reduces plastic waste. Weighing less and using over 75% less plastic compared to rigid bottles, the sachet replaces non-recyclable multilayer PVC containers. The distinctive design is eye-catching, and its durability and leak-proof features enhance the consumer experience, allowing them to smell the product. The lightweight material also provides convenience for in-store customers.

Top 6 Flexible Packaging Companies in the World:

Amcor plc

Amcor, a global leader in responsible packaging, collaborates with leading companies to enhance product protection and brand differentiation. Specialising in flexible and rigid packaging, cartons, closures, and services, Amcor prioritises lightweight, recyclable, and reusable solutions, incorporating recycled content. The company, with approximately 218 sites and 41,000 employees across 41 countries, achieved USD 14.7 billion in sales in 2023. Through its corporate venturing arm, Amcor invests in sustainable packaging solutions and innovative businesses to ensure continued long-term growth and deliver exceptional solutions globally.

Berry Global Inc.

Berry Global Group, Inc. (NYSE: BERY) is a leading provider of innovative packaging and engineered products aimed at improving lives and sustainability. With a global workforce exceeding 40,000 across 250+ locations, Berry collaborates with customers of all sizes, leveraging its diversity and industry-leading talent. Focused on the circular economy, Berry develops, designs, and manufactures innovative products, maintaining a local delivery model for enhanced service. Serving major global brands, the company is committed to making a positive impact in manufacturing and innovation centre communities worldwide.

Sealed Air Corporation

Sealed Air Corporation (SEE) is dedicated to addressing critical packaging challenges and creating a better world. Their automated solutions enhance global supply chains, particularly in food and liquids, ensuring safety and sustainability. With renowned brands like CRYOVAC®, AUTOBAG®, and BUBBLE WRAP®, Sealed Air collaborates with customers to deliver value through innovative, sustainable, and digital packaging solutions. Committed to environmental goals, the company aims for 100% recyclable or reusable packaging materials by 2025 and net-zero carbon emissions in global operations by 2040, as outlined in their SEE Net Positive Circular Ecosystem. In 2022, SEE achieved USD 5.6 billion in sales, employing approximately 17,300 individuals globally.

Mondi plc

Mondi, a global leader in packaging and paper, prioritises sustainability in its integrated value chain, encompassing forest management, pulp, paper, and plastic film production, and innovative packaging solutions. Sustainability is ingrained in their strategy, exemplified by the customer-centric approach, EcoSolutions. With a premium listing on the London Stock Exchange (MNDI) and secondary listing on the JSE Limited (MNP), Mondi, a FTSE 100 constituent, emphasises sustainable practices. With 22,000 employees across 100 sites worldwide, their shared purpose, long-term strategy, and values unite their global operations.

DS Smith

DS Smith is a prominent global provider of sustainable packaging solutions, paper products, and recycling services. With over 80 years of experience, the company has expanded its capabilities by incorporating papermaking and recycling, enabling a comprehensive approach to customer challenges. Recent rapid growth, coupled with acquisitions in Europe and North America, positions DS Smith as one of the largest London Stock Exchange-listed companies. Operating in 30+ countries with 30,000+ employees, DS Smith is committed to being a leading supplier of sustainable packaging solutions, providing strategic support across the entire packaging supply cycle.

Huhtamäki Oyj

Huhtamaki, a global leader in sustainable packaging solutions, prioritises consumer well-being and convenience. Their innovative products ensure food and beverage safety, hygiene, and contribute to preventing food waste. Committed to sustainability, Huhtamaki aims for carbon-neutral production and recyclable, compostable, or reusable products by 2030. Recognised by EcoVadis and part of the UN Global Compact, the company has science-based climate targets. Operating in 37 countries with 114 locations, Huhtamaki, headquartered in Espoo, Finland, generated EUR 3.6 billion in net sales in 2021 and continues its legacy with over 100 years of history.