Flow Wrap Packaging Market
Description
The global flow wrap packaging market was valued at $26.9 billion in 2023, and is projected to reach $44.7 billion by 2033, growing at a CAGR of 5.3% from 2024 to 2033.
Flow wrap packaging is a type of flexible packaging commonly used to wrap products in a continuous, horizontal motion. It is widely used in the food, pharmaceutical, and consumer goods industries. It enhances product shelf life, protects against contamination, and provides a visually appealing presentation. It is widely preferred for its efficiency, cost-effectiveness, and ability to accommodate various product shapes and sizes while ensuring high-speed packaging operations.
Surge in demand for convenient, cost-effective, and high-speed packaging solutions across various industries, including food & beverage, pharmaceuticals, and consumer goods drives the growth of the flow wrap packaging market. Increase in preference for single-use and portion-controlled packaging, coupled with advancements in flexible packaging materials, enhances product shelf life and visibility, further boosting market growth. In addition, sustainability trends and the shift toward eco-friendly materials, such as biodegradable and recyclable films, are pushing innovation in flow wrap packaging.
However, market growth is restrained by fluctuating raw material costs and stringent regulations on plastic usage, which challenge manufacturers in terms of compliance and cost management. In addition, the high initial investment in advanced flow wrapping machinery and the complexity of handling different packaging materials pose hurdles for smaller players.
Despite these restraints, the development of sustainable and smart packaging solutions offers significant opportunities for market expansion. Innovations such as bio-based films, recyclable packaging, and intelligent packaging with QR codes or sensors provide value-added benefits, meeting consumer demand for transparency and sustainability. Emerging markets with rapid urbanization and e-commerce penetration offer lucrative growth prospects, making flow wrap packaging a dynamic and evolving industry segment. Rise in demand for sustainable packaging is a significant opportunity driving the growth of the flow wrap packaging market, as consumers and regulatory bodies push for eco-friendly alternatives to traditional plastic-based packaging. For instance, in May 2023, Amcor plc acquired Moda Systems, a New Zealand-based manufacturer of automated protein packaging machines, enhancing its capabilities in high-speed packaging for fresh meat.
Segment Review
The flow wrap packaging market is segmented into material, application, and region. By material, the market is categorized into plastic films, paper, aluminum foil, and others. By application, the flow wrap packaging market is classified into food and beverages, pharmaceuticals, personal care and cosmetics, household products, others. Region wise, the flow wrap packaging market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings:
On the basis of material, the plastic films segment is expected to lead the market throughout the forecast period with a CAGR of 5.1%.
By application, the food and beverages segment was the highest revenue contributor to the market in 2023, growing with a CAGR of 5.3%.
Region wise, Asia-Pacific to maintain its dominance by 2033 growing with a CAGR of 5.6%.
Competition Analysis
The key players operating in the flow wrap packaging market are KM Packaging Services Ltd., Amcor PLC, Huhtamaki, Constantia Flexibles Group, Billerud AB, Sonoco Products Company, Winpak Ltd., Polysack Flexible Packaging Ltd., OPM Group, and ePac Holdings, LLC.
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flow wrap packaging market analysis from 2023 to 2033 to identify the prevailing flow wrap packaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the flow wrap packaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global flow wrap packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material
Plastic Films
Paper
Aluminum Foil
Others
By Application
Food and Beverages
Pharmaceuticals
Personal Care and Cosmetics
Household Products
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
KM Packaging Services Ltd.
Huhtamaki
Billerud AB
Sonoco Products Company
Winpak Ltd.
OPM Group
ePac Holdings, LLC
Amcor PLC
Constantia Flexibles Group
Polysack Flexible Packaging Ltd.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Flow wrap packaging is a type of flexible packaging commonly used to wrap products in a continuous, horizontal motion. It is widely used in the food, pharmaceutical, and consumer goods industries. It enhances product shelf life, protects against contamination, and provides a visually appealing presentation. It is widely preferred for its efficiency, cost-effectiveness, and ability to accommodate various product shapes and sizes while ensuring high-speed packaging operations.
Surge in demand for convenient, cost-effective, and high-speed packaging solutions across various industries, including food & beverage, pharmaceuticals, and consumer goods drives the growth of the flow wrap packaging market. Increase in preference for single-use and portion-controlled packaging, coupled with advancements in flexible packaging materials, enhances product shelf life and visibility, further boosting market growth. In addition, sustainability trends and the shift toward eco-friendly materials, such as biodegradable and recyclable films, are pushing innovation in flow wrap packaging.
However, market growth is restrained by fluctuating raw material costs and stringent regulations on plastic usage, which challenge manufacturers in terms of compliance and cost management. In addition, the high initial investment in advanced flow wrapping machinery and the complexity of handling different packaging materials pose hurdles for smaller players.
Despite these restraints, the development of sustainable and smart packaging solutions offers significant opportunities for market expansion. Innovations such as bio-based films, recyclable packaging, and intelligent packaging with QR codes or sensors provide value-added benefits, meeting consumer demand for transparency and sustainability. Emerging markets with rapid urbanization and e-commerce penetration offer lucrative growth prospects, making flow wrap packaging a dynamic and evolving industry segment. Rise in demand for sustainable packaging is a significant opportunity driving the growth of the flow wrap packaging market, as consumers and regulatory bodies push for eco-friendly alternatives to traditional plastic-based packaging. For instance, in May 2023, Amcor plc acquired Moda Systems, a New Zealand-based manufacturer of automated protein packaging machines, enhancing its capabilities in high-speed packaging for fresh meat.
Segment Review
The flow wrap packaging market is segmented into material, application, and region. By material, the market is categorized into plastic films, paper, aluminum foil, and others. By application, the flow wrap packaging market is classified into food and beverages, pharmaceuticals, personal care and cosmetics, household products, others. Region wise, the flow wrap packaging market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings:
On the basis of material, the plastic films segment is expected to lead the market throughout the forecast period with a CAGR of 5.1%.
By application, the food and beverages segment was the highest revenue contributor to the market in 2023, growing with a CAGR of 5.3%.
Region wise, Asia-Pacific to maintain its dominance by 2033 growing with a CAGR of 5.6%.
Competition Analysis
The key players operating in the flow wrap packaging market are KM Packaging Services Ltd., Amcor PLC, Huhtamaki, Constantia Flexibles Group, Billerud AB, Sonoco Products Company, Winpak Ltd., Polysack Flexible Packaging Ltd., OPM Group, and ePac Holdings, LLC.
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flow wrap packaging market analysis from 2023 to 2033 to identify the prevailing flow wrap packaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the flow wrap packaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global flow wrap packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material
Plastic Films
Paper
Aluminum Foil
Others
By Application
Food and Beverages
Pharmaceuticals
Personal Care and Cosmetics
Household Products
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
KM Packaging Services Ltd.
Huhtamaki
Billerud AB
Sonoco Products Company
Winpak Ltd.
OPM Group
ePac Holdings, LLC
Amcor PLC
Constantia Flexibles Group
Polysack Flexible Packaging Ltd.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
337 Pages
- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. High intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Growing Demand for Convenience Packaging
- 3.4.1.2. Expansion of the Food & Beverage Industry
- 3.4.2. Restraints
- 3.4.2.1. Material Price Volatility
- 3.4.3. Opportunities
- 3.4.3.1. Rising Demand for Sustainable Packaging
- 3.5. Value Chain Analysis
- 3.6. Regulatory Guidelines
- CHAPTER 4: FLOW WRAP PACKAGING MARKET, BY MATERIAL
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Plastic Films
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Paper
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Aluminum Foil
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- CHAPTER 5: FLOW WRAP PACKAGING MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Food and Beverages
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Pharmaceuticals
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Personal Care and Cosmetics
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Household Products
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
- CHAPTER 6: FLOW WRAP PACKAGING MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Material
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Material
- 6.2.4.1.2. Market size and forecast, by Application
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Material
- 6.2.4.2.2. Market size and forecast, by Application
- 6.2.4.3. Mexico
- 6.2.4.3.1. Market size and forecast, by Material
- 6.2.4.3.2. Market size and forecast, by Application
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Material
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Market size and forecast, by Material
- 6.3.4.1.2. Market size and forecast, by Application
- 6.3.4.2. France
- 6.3.4.2.1. Market size and forecast, by Material
- 6.3.4.2.2. Market size and forecast, by Application
- 6.3.4.3. Italy
- 6.3.4.3.1. Market size and forecast, by Material
- 6.3.4.3.2. Market size and forecast, by Application
- 6.3.4.4. UK
- 6.3.4.4.1. Market size and forecast, by Material
- 6.3.4.4.2. Market size and forecast, by Application
- 6.3.4.5. Spain
- 6.3.4.5.1. Market size and forecast, by Material
- 6.3.4.5.2. Market size and forecast, by Application
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Market size and forecast, by Material
- 6.3.4.6.2. Market size and forecast, by Application
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Material
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Material
- 6.4.4.1.2. Market size and forecast, by Application
- 6.4.4.2. India
- 6.4.4.2.1. Market size and forecast, by Material
- 6.4.4.2.2. Market size and forecast, by Application
- 6.4.4.3. Japan
- 6.4.4.3.1. Market size and forecast, by Material
- 6.4.4.3.2. Market size and forecast, by Application
- 6.4.4.4. South Korea
- 6.4.4.4.1. Market size and forecast, by Material
- 6.4.4.4.2. Market size and forecast, by Application
- 6.4.4.5. Australia
- 6.4.4.5.1. Market size and forecast, by Material
- 6.4.4.5.2. Market size and forecast, by Application
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by Material
- 6.4.4.6.2. Market size and forecast, by Application
- 6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Material
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Market size and forecast, by Material
- 6.5.4.1.2. Market size and forecast, by Application
- 6.5.4.2. Saudi Arabia
- 6.5.4.2.1. Market size and forecast, by Material
- 6.5.4.2.2. Market size and forecast, by Application
- 6.5.4.3. South Africa
- 6.5.4.3.1. Market size and forecast, by Material
- 6.5.4.3.2. Market size and forecast, by Application
- 6.5.4.4. Rest of LAMEA
- 6.5.4.4.1. Market size and forecast, by Material
- 6.5.4.4.2. Market size and forecast, by Application
- CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product mapping of top 10 player
- 7.4. Competitive dashboard
- 7.5. Competitive heatmap
- 7.6. Top player positioning, 2023
- CHAPTER 8: COMPANY PROFILES
- 8.1. Amcor PLC
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
- 8.2. Huhtamaki
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.3. Constantia Flexibles Group
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.4. Billerud AB
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.5. Sonoco Products Company
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.6. Winpak Ltd.
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.7. Polysack Flexible Packaging Ltd.
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Product portfolio
- 8.8. KM Packaging Services Ltd.
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.9. OPM Group
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.10. ePac Holdings, LLC
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Product portfolio
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