Reports
Global Flexible Packaging Market Size, Share, Growth, Trends: By Product Type: Printed Rollstock, Preformed Bags and Pouches, Others; By Raw Material: Plastic, Paper, Others; By Printing Technology; By Application; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Flexible Packaging Market Outlook
The global flexible packaging market is further expected to grow at a CAGR of 4.5% between 2024 and 2032.
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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 2020 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.
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Based on product type, the market is divided into:
- Printed Rollstock
- Preformed Bags and Pouches
- Others
On the basis of raw material, the industry is segmented into:
- Paper
- Plastics
- Aluminium Foil
- Cellulose
- Others
Plastics hold a significant share in the flexible packaging market, followed by paper and foils.
On the basis of technology, the market is divided into:
- Flexography
- Rotogravure
- Digital
- Others
The industry is divided on the basis of application into:
- Food and Beverages
- Pharmaceuticals
- Cosmetics
- Others
The food and beverages 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.
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Market Analysis
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.
Competitive Landscape
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:
- Amcor plc
- Berry Global Inc.
- Sealed Air
- Mondi plc
- DS Smith
- Huhtamaki
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Raw Material, Printing Technology, Application, Region |
| Breakup by Product Type | Printed Rollstock, Preformed Bags and Pouches, Others |
| Breakup by Raw Material | Plastic, Paper, Aluminium Foil, Cellulose, Others |
| Breakup by Printing Technology | Flexography, Rotogravure, Digital, Others |
| Breakup by Application | Food and Beverages, Pharmaceuticals, Cosmetics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Amcor plc, Berry Global Inc., Sealed Air, Mondi plc, DS Smith, Huhtamaki, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Flexible Packaging Market Analysis
8.1 Key Industry Highlights
8.2 Global Flexible Packaging Historical Market (2018-2023)
8.3 Global Flexible Packaging Market Forecast (2024-2032)
8.4 Global Flexible Packaging Market by Product Type
8.4.1 Printed Rollstock
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Preformed Bags and Pouches
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Flexible Packaging Market by Raw Material
8.5.1 Plastic
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Paper
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Aluminium Foil
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Cellulose
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Flexible Packaging Market by Printing Technology
8.6.1 Flexography
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Rotogravure
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Digital
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Flexible Packaging Market by Application
8.7.1 Food and Beverages
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Pharmaceuticals
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Cosmetics
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Flexible Packaging Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Market by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Market by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Market by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Market by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Market by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
12.1 Detailed Process Flow
12.2 Operations Involved
12.3 Mass Balance
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players’ Market Share
13.3 Company Profiles
13.3.1 Amcor plc
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Demographic Reach and Achievements
13.3.1.4 Financial Summary
13.3.1.5 Certifications
13.3.2 Berry Global Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Demographic Reach and Achievements
13.3.2.4 Financial Summary
13.3.2.5 Certifications
13.3.3 Sealed Air
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Demographic Reach and Achievements
13.3.3.4 Financial Summary
13.3.3.5 Certifications
13.3.4 Mondi plc
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Demographic Reach and Achievements
13.3.4.4 Financial Summary
13.3.4.5 Certifications
13.3.5 DS Smith
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Demographic Reach and Achievements
13.3.5.4 Financial Summary
13.3.5.5 Certifications
13.3.6 Huhtamaki
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Demographic Reach and Achievements
13.3.6.4 Financial Summary
13.3.6.5 Certifications
13.3.7 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Flexible Packaging Market: Key Industry Highlights, 2018 and 2032
2. Global Flexible Packaging Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Flexible Packaging Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Flexible Packaging Historical Market: Breakup by Raw Material (USD Billion), 2018-2023
5. Global Flexible Packaging Market Forecast: Breakup by Raw Material (USD Billion), 2024-2032
6. Global Flexible Packaging Historical Market: Breakup by Printing Technology (USD Billion), 2018-2023
7. Global Flexible Packaging Market Forecast: Breakup by Printing Technology (USD Billion), 2024-2032
8. Global Flexible Packaging Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Flexible Packaging Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Flexible Packaging Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Flexible Packaging Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Flexible Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Flexible Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Flexible Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Flexible Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Flexible Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Flexible Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Flexible Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Flexible Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Flexible Packaging Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Flexible Packaging Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Flexible Packaging Market Structure
Key Questions Answered in the Report
In 2023, the global flexible packaging market attained a value of nearly USD 106.3 billion.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 4.5%.
By 2028, the market is estimated to reach a value of about USD 136.5 billion.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, rising e-retail segment, and growing demand for convenience and ready-to-use goods driving the growth of the industry globally.
The rising eco-consciousness among the consumers and growing e-retail distribution channels are major trends driving the growth of the market.
North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regional markets for the product, with North America accounting for the largest market share.
Plastic, paper, aluminium foil, and cellulose, among others, are the various raw materials in the global flexible packaging market.
The leading printing technologies in the market are flexography, rotogravure, and digital, among others.
The significant product types in the market are printed rollstock and preformed bags and pouches, among others.
The food and beverages segment accounts for the largest market share among other application segments in the market.
The key players in the market are Amcor plc, Berry Global Inc., Sealed Air, Mondi plc, DS Smith, and Huhtamaki, among others.
Analyst Review
The global flexible packaging market attained a value of nearly USD 106.3 billion in 2023 driven by the thriving e-retail segment. Aided by the rising eco-consciousness, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.5%. The industry is projected to reach a value of around USD 136.5 billion by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on raw material, the global flexible packaging market can be segmented into paper, plastic, aluminium foil, and cellulose, among others, with plastics leading the market. By product type, the industry is divided into printed rollstock and preformed bags and pouches, among others. On the basis of technology, the market is divided into flexography, rotogravure, and digital, among others. Flexible packaging finds its leading application in the food and beverages 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 Amcor plc, Berry Global Inc., Sealed Air, Mondi plc, DS Smith, and Huhtamaki, among others..
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.
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