Flexible Packaging Market Report and Forecast 2025-2034

The global flexible packaging market size attained a value of USD 265.84 Billion in 2024. The market is expected to grow at a CAGR of 4.80% between 2025 and 2034, reaching almost USD 424.85 Billion by 2034.

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.

Market Segmentation

The EMR’s report titled “Flexible Packaging Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

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

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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.
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