The global flexible packaging market reached a value of almost USD 106.3 billion in 2019. The industry is further expected to grow at a CAGR of 4.25% between 2020 and 2025 to reach a value of almost USD 136.5 billion by 2025.
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The global flexible packaging market is being led by North America, which is a major consumer of the product, accounting for about 37% of the industry share in 2019 in terms of value. The market in North America is growing due to the innovations taking place in the industry, which are attracting customers at an increasing rate. The United States is the leading market within North America. The market in North America is being driven by the increasing consumer preference for convenient and ready-to-use goods. Shelf ready packaging like retail ready packaging (RRP) is also growing in prominence in the region due to lower operational costs and higher consumer interest. The regional market is also being driven by the consumer awareness about the environmental benefits of flexible packaging like pouches and sachets over non-flexible packaging.
The global flexible packaging market is increasing due to the growing economic development and increasing consumerism in the emerging regions, such as the Asia Pacific and the Middle East and Africa. On the basis of value, the Asia Pacific is the second largest market for flexible packaging after North America. China is the leading regional market within the Asia Pacific region. China is followed by Japan and South Korea as the other significant regional markets in the Asia Pacific. India is also emerging as a significant emerging market in the region. The flexible packaging market in the Asia Pacific region is being driven by the rising e-retail industry in the region, along with the healthy growth of the FMCG industry in the region.
Properties and Applications
Flexible packaging is a term used for a package or a part of a package whose shape can be easily modified. It includes pouches, bags, sachets, and wraps made of materials like plastic, paper, film, aluminium foil, or any combination of these materials. The material offers protective properties, along with optimum utilization. The product is used for packaging institutional and consumer products and is used for industrial applications to help guard and supply a range of products. On the basis of material, the industry is segmented into:
Plastics hold a significant share in the flexible packaging market, followed by paper and foils.
The industry is divided on the basis of application into:
The food segment holds a major share in the industry. Pharmaceutical segment is, however, expected to have robust growth in the forecast period.
The report also covers the regional markets of the product like North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global flexible packaging market is being driven by the growing prominence of flexible packaging products in the industry, along with the growing demand from the end-user segments owing to the product’s cost efficiency and convenience. Many exciting innovations have been made to modify the product and material, further catering to the increasing demand from developed regions. The consumption of flexible packaging products, particularly pouches, is increasing, owing to its vast usage in almost all the end-uses industries. With consumers becoming increasingly eco-conscious, biodegradable product innovations within the industry is propelling the industry forward.
To increase the shelf life of a product, the packaging must have high-barrier properties. To attain high-barrier properties, many laminate structures have been introduced, such as paper, plastic, and aluminium, and a combination of materials. The industry is focusing on providing a cost-effective and sustainable solution for creating barrier to strengthen the industry growth of flexible packaging. Due to the increasing consumer awareness regarding sustainable packaging, new materials, such as PLA have been introduced, which exhibit great growth potential in the industry in the forecast period.
Flexible packaging is increasingly being consumed by the various end-use industries, namely, baby food, pet food, healthcare, pharmaceutical, automobile, agricultural products, and chemicals. Many companies have shifted from the use of cartons or containers to the pouches or bags for consumer convenience, further advancing the industry growth. Most converters of flexible packaging are investing in fast-growing countries such as India and China.
The report gives a detailed analysis of the following key players in the global flexible packaging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Flexible Packaging Market Analysis
6.1 Figure: Global Flexible Packaging Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Flexible Packaging Market Breakup by Material
6.3 Chart: Global Flexible Packaging Market Breakup by Material: Historical Market (2015-2019) & Forecast (2020-2025)
6.4 Chart: Global Flexible Packaging Market Breakup by Application
6.4.3 Consumer Products
6.5 Figure: Global Flexible Packaging Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.3 Consumer Products
6.6 Chart: Global Flexible Packaging Market Breakup by Region
6.6.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.7 Figure: Global Flexible Packaging Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.7.3 Asia Pacific
6.7.4 Latin America
6.7.5 Middle East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 Global Flexible Packaging Feedstock Market Overview
7.4 Global Flexible Packaging Feedstock Price Analysis
7.4.1 North America PE, PP and PVC Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.4.2 Europe PE, PP and PVC Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.4.3 Asia Pacific PE, PP and PVC Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.4.4 Latin America PE, PP and PVC Historical Price Trend (2015-2019) and Forecast (2020-2025)
7.4.5 Middle East and Africa PE, PP and PVC Historical Price Trend (2015-2019) and Forecast (2020-2025)
8 Global Trade Data Analysis
8.1 Major Exporting Countries: by Value and Volume
8.2 Major Importing Countries: by Value and Volume
9 SWOT Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 Value Chain Analysis
12 EMR’s Key Indicators for Demand
13 EMR’s Key Indicators for Price
14 Procurement Strategy
14.1 Engagement Model
14.2 Sourcing Model
15 Cost Analysis and Project Economics
15.1 Raw Material
15.2 Fixed Cost
16 Competitive Landscape & Supplier Analysis
16.1 Berry Global, Inc.
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 UFlex Ltd.
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 Mondi Group
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 Toppan Printing Co., Ltd.
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 Amcor plc
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 Constantia Flexibles
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 Bemis Company, Inc
16.7.1 Company Overview
16.7.2 Financial Analysis
16.8 Winpak Ltd.
16.8.1 Company Overview
16.8.2 Financial Analysis
16.9 Sealed Air Corporation
16.9.1 Company Overview
16.9.2 Financial Analysis
17 Events and Developments
Additional Customisations Available:
18 Manufacturing Process
18.1 Detailed Process Flow
18.2 Operations Involved
18.3 Mass Balance
19 Production Cost Analysis
19.1 Land, Location and Site Development
19.3 Plant Machinery
19.4 Cost of Raw Material
19.9 Other Capital Investment
The global flexible packaging market attained a value of nearly USD 106.3 billion in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4.25%. The market is projected to reach a value of around USD 136.5 billion by 2025.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on material, the global flexible packaging market can be segmented into paper, plastic, and foil, with plastics leading the market. Flexible packaging finds its leading application in the food segment. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market, with North America leading the overall global market, accounting for 37% of the market share. The key players in the above industry are Berry Global, Inc., UFlex Ltd., Mondi Group, Toppan Printing Co., Ltd., Amcor plc, Constantia Flexibles, Bemis Company, Inc, Winpak Ltd., and Sealed Air Corporation, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, rising e-retail segment, growing demand for convenience and ready-to-use goods, and increasing eco-consciousness are driving the growth of the industry globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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