What trends and driving forces influence Flexible Packaging markets in the post-pandemic future?

Strong demand for convenient Packaging in Food and Beverages, Smart packaging investments, Increased use of Bio-Plastic-based Flexible Packaging Products, Modified Atmosphere Packaging, and others... Read more

Which Flexible Packaging types offer lucrative growth opportunities?

Fresh foods and beverages offer the most promising growth prospects in the industry ... Read more

Flexible Packaging Market

Flexible Packaging Market Outlook, 2023- Forecasts and Opportunities by Material (Plastics, Metal, Paper, Bioplastics), Product Type (Pouches and Bags, Films and Wraps, Others), Applications (Food and Beverages, Pharmaceuticals, Household, and Personal Care, Others), Companies and Countries to 2030

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Flexible Packaging Market
|Published Month : December, 2022
|No. of Pages : 205

Overview
Table Of Content
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Flexible Packaging Market Size, Share, and Growth Outlook

The global flexible packaging market is witnessing steady growth driven by increased demand for convenient packaging. The flexible packaging market report presents insights into different materials used for packaging including plastic-based, metallic, paper-based, and cellulose/bioplastic-based flexible packaging market outlook. In addition, the market size by Product Types including Pouches and Bags, Films and Wraps, and Others are forecast in the report.

Further, key end-users of flexible packaging are analyzed and forecasted to 2030 across food and beverages, pharmaceuticals, household, and personal care, and others. Of these, the food and beverages industry is further sub-segmented across different types including Frozen Food, Dairy packaging, Fruits and Vegetables, Meat, Poultry, and Seafood, Bakery and confectionery products, and other foods and beverages. Further, business profiles of 10 leading companies and market forecasts for 25+ countries are included in the flexible packaging industry analysis.

Introduction:

Strong demand for convenient packaging across food and non-food applications supports strong demand for the flexible packaging industry. Growing demand for bags and pouches in the food industry amidst a swift increase in Ready-to-consume foods and drinks is supporting the business of flexible packaging vendors.

Technological innovations in different raw materials used for packaging are also key market drivers over the long-term future. The shift from rigid packaging to flexible packaging and consumer preference for single-use packaging supports the market outlook. Further, sustainable and environment-friendly materials, aesthetic appeal, strong barrier protection, and other materials are quickly witnessing market penetration.

As flexible packaging materials change their shape to suit the product packed, they provide the advantages of less shelf space, ease of handling and disposal, cost-effectiveness, and other benefits for users and distributors. Accordingly, flexible packaging products such as plastic bags and pouches, films, sachets, wraps, and others are gaining customer acceptance.

In addition to the food and beverages industry, the demand from the non-food industry including pharmaceuticals, cosmetics, personal care, household, and others is focusing on tamper-proof packaging, counterfeit measures, efficient handling and management and other attributes in flexible packaging support the market outlook.

The market is highly fragmented with local and multi-national companies competing in terms of pricing and sustainable materials to gain revenues. The use of sustainable and eco-friendly materials for packaging is one of the widely opted growth strategies to attract a wide range of customers. Regulatory support for the use of sustainable packaging is supporting flexible packaging.

The report presents the analysis of leading flexible packaging companies including Amcor plc, Mondi Group, Sealed Air Corporation, Constantia Flexibles, Coveris Group, Goglio SpA, ProAmpac Intermediate, Inc., Gualapack S.p.A., Huhtamaki Oyj, Smurfit Kappa Group plc, and others.

Flexible Packaging Market Size Outlook to 2030

The industry recovered quickly from the COVID-19 pandemic effects, with a swift growth trend observed from late 2021. In 2022, the industry registered a market size of $241.8 billion and is likely to register a year-on-year growth of 3.14% in 2023.

Flexible Packaging Market Size Outlook to 2030

The global flexible packaging industry is valued at $241.8 billion in 2022. The market size for the flexible packaging industry is increasing rapidly, driven by the shift from rigid to flexible and with consumer preference for single-use packaging. The market size is poised to increase at a compounded annual growth rate of 3.37% over the forecast period from 2023 to 2030.

Flexible Packaging Market Trend- Increase in demand for innovative packaging

To attract customers in the intensely competitive industry, companies are opting for innovative packaging solutions including smart packaging, sustainable packaging, high-barrier products, and others. In addition, the recent advancements in the field of smart packaging systems, where products with embedded sensor technology are used with foods, pharmaceuticals, and others support the market outlook.

Further, R&D Efforts in developing superior materials with sustainable and environment-friendly nature, tamper-free, and other attributes are widely observed. Accordingly, leading flexible packaging companies are developing high-barrier resin-based smart packaging materials that can preserve freshness as substitutes for specialized coating-based products. Simplicity in using the products, aesthetic appeal of products, and other parameters are widely marketed.

Flexible Packaging Market Share Analysis- Food and Beverages generated the highest revenue for companies in 2022

The food and beverages industry is the largest revenue generator for flexible packaging companies. In addition, widening industry applications across non-food and beverages such as pharmaceuticals and medical products, personal care, industrial applications, consumer products, pet food, tobacco, and other applications support the market outlook.

The chart below provides the revenue share of each of the end-user industries of flexible packaging products and services. The food and beverages industry accounted for 51.9% market share in 2022. Further, medical and pharmaceuticals accounted for 14.4%, followed by personal care with an 11.1% market share.

Flexible Packaging Market Driver- Increasing Demand for Convenient Packaging in the food industry

Strong growth in the demand for Ready to consume packaged food and beverages is among the key market drivers. Rapid urbanization, growing working-class women, increasing disposable incomes, and steady expansion of distribution channels across developing countries are supporting the demand for flexible packaging. Innovative packaging solutions with unique designs and favorable attributes are put forward to gain market share in the industry. Flexible packaging designs such as zippers, pouches, films, and others are developed for diverse products for specific applications such as frozen food, dairy packaging, fruits and vegetables, meat, poultry, and seafood, bakery and confectionery products, and other foods and beverages. Packaging solutions Ensuring long shelf life and retaining the freshness of products and offering convenience to users are widely observed in the industry.

Flexible Packaging Market Segmentation

Material

Plastics
Metal
Paper
Bioplastics

Product Type

Pouches and Bags
Films and Wraps
Others

Applications

Food and Beverages
- Frozen Food
- Dairy packaging
- Fruits and Vegetables
- Meat, Poultry, and Seafood
- Bakery and confectionery products
- other foods
- Beverages
Pharmaceuticals
Household and Personal Care
Others

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1. Executive Summary

1.1 Introduction to Flexible Packaging Markets

1.2 Flexible Packaging Market Size Outlook, 2021- 2030

1.3 Growth Opportunities in the Flexible Packaging Industry

1.4 Winning Strategies for the post-pandemic future

2. Report Guide

2.1 Market Definition and Scope

2.2 Market Segmentation

2.3 Research Methodology

2.4 Forecast Methodology

2.5 List of Abbreviations

3. Growth Opportunity Analysis

3.1 Key Flexible Packaging Market Trends

3.1.1 Strong demand for convenient Packaging in Food and Beverages

3.1.2 Smart packaging investments

3.1.3 Increased use of Bio-Plastic-based Flexible Packaging Products

3.2 Key Flexible Packaging Market Growth Drivers

3.2.1 Plastic-based Flexible packaging solutions

3.2.2 Aesthetic appeal of small-sized pouches and bags

3.2.3 Modified Atmosphere Packaging

3.3 Key Flexible Packaging Market Growth Restraints

3.3.1 Fragmented market conditions

3.3.2 Fluctuating raw material prices and availability

4 Flexible Packaging Market Outlook – Scenario Analysis

4.1 Low Growth Case Scenario Forecasts: Flexible Packaging Market Size Outlook to 2030

4.2 Reference Growth Case Scenario Forecasts: Flexible Packaging Market Size Outlook to 2030

4.3 High Growth Case Scenario Forecasts: Flexible Packaging Market Size Outlook to 2030

5. Flexible Packaging Market Segmentation- Outlook by Type

5.1 Flexible Packaging Market Share Analysis by Type, 2023

5.2 Plastics-based Flexible Packaging Market Outlook to 2030

5.3 Metal-based Flexible Packaging Market Outlook to 2030

5.4 Paper-based Flexible Packaging Market Outlook to 2030

5.5 Bioplastics-based Flexible Packaging Market Outlook to 2030

6. Flexible Packaging Market Segmentation- Outlook by Product Type

6.1 Flexible Packaging Market Share Analysis by Product Type, 2023

6.2 Pouches and Bags: Flexible Packaging Market Outlook to 2030

6.3 Films and Wraps: Flexible Packaging Market Outlook to 2030

6.4 Others

7. Flexible Packaging Market Segmentation- Outlook by Application

7.1 Flexible Packaging Market Share Analysis by Application, 2023

7.2 Food and Beverages Flexible Packaging Market Outlook to 2030

7.2.1 Frozen Food

7.2.2 Dairy packaging

7.2.3 Fruits and Vegetables

7.2.4 Meat, Poultry, and Seafood

7.2.5 Bakery and confectionery products

7.2.6 Other foods

7.2.7 Beverages

7.3 Pharmaceuticals Flexible Packaging Market Outlook to 2030

7.4 Household and Personal Care Flexible Packaging Market Outlook to 2030

7.5 Others

8. North America Flexible Packaging Market Outlook and Opportunities to 2030

8.1 Market Snapshot, 2023

8.2 North America Flexible Packaging Market Growth Opportunities

8.2.1 North America Flexible Packaging Market Outlook by Type, 2021 to 2030

8.2.2 North America Flexible Packaging Market Outlook by Application, 2021 to 2030

8.2.3 North America Flexible Packaging Market Outlook by Country, 2021 to 2030

8.3 United States Flexible Packaging Market Outlook, 2021 to 2030

8.4 Canada Flexible Packaging Market Outlook, 2021 to 2030

8.5 Mexico Flexible Packaging Market Outlook, 2021 to 2030

9. Europe Flexible Packaging Market Outlook and Opportunities to 2030

9.1 Market Snapshot, 2023

9.2 Europe Flexible Packaging Market Growth Opportunities

9.2.1 Europe Flexible Packaging Market Outlook by Type, 2021 to 2030

9.2.2 Europe Flexible Packaging Market Outlook by Application, 2021 to 2030

9.2.3 Europe Flexible Packaging Market Outlook by Country, 2021 to 2030

9.3 Germany Flexible Packaging Market Outlook, 2021 to 2030

9.4 France Flexible Packaging Market Outlook, 2021 to 2030

9.5 United Kingdom Flexible Packaging Market Outlook, 2021 to 2030

9.6 Spain Flexible Packaging Market Outlook, 2021 to 2030

9.7 Italy Flexible Packaging Market Outlook, 2021 to 2030

9.8 Other Europe Flexible Packaging Market Outlook, 2021 to 2030

10. Asia Pacific Flexible Packaging Market Outlook and Opportunities to 2030

10.1 Market Snapshot, 2023

10.2 Asia Pacific Flexible Packaging Market Growth Opportunities

10.2.1 Asia Pacific Flexible Packaging Market Outlook by Type, 2021 to 2030

10.2.2 Asia Pacific Flexible Packaging Market Outlook by Application, 2021 to 2030

10.2.3 Asia Pacific Flexible Packaging Market Outlook by Country, 2021 to 2030

10.3 China Flexible Packaging Market Outlook, 2021 to 2030

10.4 Japan Flexible Packaging Market Outlook, 2021 to 2030

10.5 India Flexible Packaging Market Outlook, 2021 to 2030

10.6 South Korea Flexible Packaging Market Outlook, 2021 to 2030

10.7 Indonesia Flexible Packaging Market Outlook, 2021 to 2030

10.8 Other Asia Pacific Flexible Packaging Market Outlook, 2021 to 2030

11. South and Central America Flexible Packaging Market Outlook and Opportunities to 2030

11.1 Market Snapshot, 2023

11.2 South and Central America Flexible Packaging Market Growth Opportunities

11.2.1 South and Central America Flexible Packaging Market Outlook by Type, 2021 to 2030

11.2.2 South and Central America Flexible Packaging Market Outlook by Application, 2021 to 2030

11.2.3 South and Central America Flexible Packaging Market Outlook by Country, 2021 to 2030

11.3 Brazil Flexible Packaging Market Outlook, 2021 to 2030

11.4 Argentina Flexible Packaging Market Outlook, 2021 to 2030

11.5 Other Latin America Flexible Packaging Market Outlook, 2021 to 2030

12. Middle East and Africa Flexible Packaging Market Outlook and Opportunities to 2030

12.1 Market Snapshot, 2023

12.2 Middle East and Africa Flexible Packaging Market Growth Opportunities

12.2.1 Middle East and Africa Flexible Packaging Market Outlook by Type, 2021 to 2030

12.2.2 Middle East and Africa Flexible Packaging Market Outlook by Application, 2021 to 2030

12.2.3 Middle East and Africa Flexible Packaging Market Outlook by Country, 2021 to 2030

12.3 Saudi Arabia Flexible Packaging Market Outlook, 2021 to 2030

12.4 United Arab Emirates (the UAE) Flexible Packaging Market Outlook, 2021 to 2030

12.5 Other Middle East Flexible Packaging Market Outlook, 2021 to 2030

12.6 Egypt Flexible Packaging Market Outlook, 2021 to 2030

12.7 South Africa Flexible Packaging Market Outlook, 2021 to 2030

12.8 Other Africa Flexible Packaging Market Outlook, 2021 to 2030

13. Profiles of major world Flexible Packaging Companies

13.1 Amcor Plc

- Key Statistics

- Business Operations