Flexible Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Description
Flexible Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Flexible packaging formats, including pouches, films, and bags, continue to be highly preferred among brands, primarily for the packaging of food products. The global market for flexible packaging is expected to witness stable growth between 2021 and 2025, fueled by the rapidly expanding end-use base, according to a forthcoming study by Fairfield Market Research. With a growing demand for functional and tangible packaging from customers and a focus on efficient, shipping-friendly product protection and supply chain efficacy from companies, the demand for flexible packaging solutions is poised to thrive.
Flexible packaging represents one of the fastest-growing segments of the global packaging industry, benefiting significantly from technological innovations and attractive economics. As sustainability concerns gain prominence, packaging companies are shifting away from conventional rigid packaging solutions and embracing innovative and environmentally-friendly alternatives. With more companies adopting a customer-centric approach, flexible packaging formats are gaining prominence in the global market. The expansion of e-commerce and advancements in digital printing technology are expected to further drive market growth.
F&B Applications Contribute Over 50% of Global Revenue
The food and beverage (F&B) industry accounts for more than half of the total market revenue, showcasing its dominance in the global market. The convenience, high performance, marketability, and storage efficiency of flexible packaging formats have contributed to their popularity in both food and non-food applications. Lightweight bags and pouches are projected to gain traction for unit packaging in segments such as bakery, frozen food, meat and poultry, and confectionery. Due to their cost-effectiveness, ease of use, functionality, safety, moisture and heat barrier properties, extended shelf-life, permeability, and adaptability, flexible packaging formats are also extensively used for products with higher liquid content. Their durability and appealing aesthetics add to the overall market attractiveness of flexible packaging solutions. Non-food application areas include healthcare, beauty and personal care, and insulation.
Versatility of Pouches Remains Desired
The unprecedented growth of retail categories like ready-to-eat/ready-to-drink, freezer-to-microwave, and boil-in-bag products is expected to bolster the demand for flexible packaging formats such as pouches, bags, and liners. Pouches, in particular, will witness significant growth due to their high performance compared to commodity counterparts. The versatility of pouches, including greater food safety, reliable air-tight closures, and easy handling, will drive their adoption in the retail sector, especially as they can stand upright on store shelves. The customizable nature of pouches will further contribute to their growing popularity in the flexible packaging market.
Asia Pacific Promises Maximum Growth Opportunity
Asia Pacific leads the global flexible packaging market, generating over a third of the total market revenue. The region's growth is driven by the rapid expansion of e-commerce, booming processed and packaged food sectors, and a thriving retail industry. The emergence of numerous smaller packaging units, particularly in fast-developing economies, supports market growth. The rising demand for medical, pharmaceutical, and related packaging solutions throughout the region is also expected to uphold the flexible packaging market during the forecast period.
Competition Analysis
Key players in the flexible packaging landscape are focused on strategic acquisitions, mergers, and partnerships. Amcor acquired Bemis Company Inc. in 2019, while Constantia Flexibles Group acquired a majority of shares in Creative Polypack Limited in 2018. Leading market players covered in the flexible packaging market report include Mondi Group, Amcor PLC, UFlex Limited, Eagle Flexible Packaging, Constantia Flexibles Group GmbH, Bemis Company, Inc., Wheel Flexible Packaging, Ampac Holdings, Sanjeev Flexi-Pack Pvt. Ltd., Sonoco Products Company, Sealed Air Corporation, ProAmpac, Coveris Holdings S.A., and Clondalkin Group Holdings B.V.
The global flexible packaging market is set for stable growth driven by increasing adoption, technological innovations, and the demand for sustainable packaging solutions.Please note: the PDF e-mail from publisher version of this report is for a global site license.
Table of Contents
220 Pages
- 1. Executive Summary
- 1.1. Global Flexible Packaging Market Snapshot
- 1.2. Key Market Trends
- 1.3. Future Projections
- 1.4. Analyst Recommendations
- 2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.1.1. Driver A
- 2.2.1.2. Driver B
- 2.2.1.3. Driver C
- 2.2.2. Restraints
- 2.2.2.1. Restraint 1
- 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
- 2.3. Value Chain Analysis
- 2.4. Porter’s Five Forces Analysis
- 2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-covid and Post-covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
- 2.6. Government Regulations
- 2.7. Global Packaging Market - Overview
- 2.8. Economic Analysis
- 2.9. PESTLE
- 3. Production Output and Trade Statistics, 2019 - 2022
- 3.1. Regional Production Statistics
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa
- 4. Price Trends Analysis and Future Projects, 2019 - 2030
- 4.1. Key Highlights
- 4.2. Prominent Factors Affecting Prices
- 4.3. By Material
- 4.4. By Region
- 5. Global Flexible Packaging Market Outlook, 2019 - 2030
- 5.1. Global Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 5.1.1. Key Highlights
- 5.1.1.1. Plastic
- 5.1.1.1.1. PP
- 5.1.1.1.2. PE
- 5.1.1.1.3. PVC
- 5.1.1.1.4. PET
- 5.1.1.1.5. EVA
- 5.1.1.1.6. BOPP
- 5.1.1.1.7. Misc.
- 5.1.1.2. Aluminum Foil
- 5.1.1.3. Paper
- 5.1.1.4. Misc.
- 5.2. Global Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 5.2.1. Key Highlights
- 5.2.1.1. Food
- 5.2.1.2. Beverage
- 5.2.1.3. Medical & Pharmaceutical
- 5.2.1.4. Consumer Products
- 5.2.1.5. Personal Care
- 5.2.1.6. Pet Food
- 5.2.1.7. Baby Food
- 5.2.1.8. Retail (Non-food)
- 5.2.1.9. Industrial Applications
- 5.2.1.10. Misc. (Tobacco, etc.)
- 5.3. Global Flexible Packaging Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 5.3.1. Key Highlights
- 5.3.1.1. North America
- 5.3.1.2. Europe
- 5.3.1.3. Asia Pacific
- 5.3.1.4. Latin America
- 5.3.1.5. Middle East & Africa
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
- 6. North America Flexible Packaging Market Outlook, 2019 - 2030
- 6.1. North America Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 6.1.1. Key Highlights
- 6.1.1.1. Plastic
- 6.1.1.1.1. PP
- 6.1.1.1.2. PE
- 6.1.1.1.3. PVC
- 6.1.1.1.4. PET
- 6.1.1.1.5. EVA
- 6.1.1.1.6. BOPP
- 6.1.1.1.7. Misc.
- 6.1.1.2. Aluminum Foil
- 6.1.1.3. Paper
- 6.1.1.4. Misc.
- 6.2. North America Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 6.2.1. Key Highlights
- 6.2.1.1. Food
- 6.2.1.2. Beverage
- 6.2.1.3. Medical & Pharmaceutical
- 6.2.1.4. Consumer Products
- 6.2.1.5. Personal Care
- 6.2.1.6. Pet Food
- 6.2.1.7. Baby Food
- 6.2.1.8. Retail (Non-food)
- 6.2.1.9. Industrial Applications
- 6.2.1.10. Misc. (Tobacco, etc.)
- 6.3. North America Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 6.3.1. Key Highlights
- 6.3.1.1. U.S.
- 6.3.1.2. Canada
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
- 7. Europe Flexible Packaging Market Outlook, 2019 - 2030
- 7.1. Europe Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 7.1.1. Key Highlights
- 7.1.1.1. Plastic
- 7.1.1.1.1. PP
- 7.1.1.1.2. PE
- 7.1.1.1.3. PVC
- 7.1.1.1.4. PET
- 7.1.1.1.5. EVA
- 7.1.1.1.6. BOPP
- 7.1.1.1.7. Misc.
- 7.1.1.2. Aluminum Foil
- 7.1.1.3. Paper
- 7.1.1.4. Misc.
- 7.2. Europe Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 7.2.1. Key Highlights
- 7.2.1.1. Food
- 7.2.1.2. Beverage
- 7.2.1.3. Medical & Pharmaceutical
- 7.2.1.4. Consumer Products
- 7.2.1.5. Personal Care
- 7.2.1.6. Pet Food
- 7.2.1.7. Baby Food
- 7.2.1.8. Retail (Non-food)
- 7.2.1.9. Industrial Applications
- 7.2.1.10. Misc. (Tobacco, etc.)
- 7.3. Europe Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 7.3.1. Key Highlights
- 7.3.1.1. Germany
- 7.3.1.2. France
- 7.3.1.3. U.K.
- 7.3.1.4. Italy
- 7.3.1.5. Spain
- 7.3.1.6. Russia
- 7.3.1.7. Rest of Europe
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
- 8. Asia Pacific Flexible Packaging Market Outlook, 2019 - 2030
- 8.1. Asia Pacific Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 8.1.1. Key Highlights
- 8.1.1.1. Plastic
- 8.1.1.1.1. PP
- 8.1.1.1.2. PE
- 8.1.1.1.3. PVC
- 8.1.1.1.4. PET
- 8.1.1.1.5. EVA
- 8.1.1.1.6. BOPP
- 8.1.1.1.7. Misc.
- 8.1.1.2. Aluminum Foil
- 8.1.1.3. Paper
- 8.1.1.4. Misc.
- 8.2. Asia Pacific Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 8.2.1. Key Highlights
- 8.2.1.1. Food
- 8.2.1.2. Beverage
- 8.2.1.3. Medical & Pharmaceutical
- 8.2.1.4. Consumer Products
- 8.2.1.5. Personal Care
- 8.2.1.6. Pet Food
- 8.2.1.7. Baby Food
- 8.2.1.8. Retail (Non-food)
- 8.2.1.9. Industrial Applications
- 8.2.1.10. Misc. (Tobacco, etc.)
- 8.3. Asia Pacific Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 8.3.1. Key Highlights
- 8.3.1.1. China
- 8.3.1.2. Japan
- 8.3.1.3. South Korea
- 8.3.1.4. India
- 8.3.1.5. Southeast Asia
- 8.3.1.6. Rest of Asia Pacific
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
- 9. Latin America Flexible Packaging Market Outlook, 2019 - 2030
- 9.1. Latin America Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 9.1.1. Key Highlights
- 9.1.1.1. Plastic
- 9.1.1.1.1. PP
- 9.1.1.1.2. PE
- 9.1.1.1.3. PVC
- 9.1.1.1.4. PET
- 9.1.1.1.5. EVA
- 9.1.1.1.6. BOPP
- 9.1.1.1.7. Misc.
- 9.1.1.2. Aluminum Foil
- 9.1.1.3. Paper
- 9.1.1.4. Misc.
- 9.2. Latin America Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 9.2.1. Key Highlights
- 9.2.1.1. Food
- 9.2.1.2. Beverage
- 9.2.1.3. Medical & Pharmaceutical
- 9.2.1.4. Consumer Products
- 9.2.1.5. Personal Care
- 9.2.1.6. Pet Food
- 9.2.1.7. Baby Food
- 9.2.1.8. Retail (Non-food)
- 9.2.1.9. Industrial Applications
- 9.2.1.10. Misc. (Tobacco, etc.)
- 9.3. Latin America Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 9.3.1. Key Highlights
- 9.3.1.1. Brazil
- 9.3.1.2. Mexico
- 9.3.1.3. Rest of Latin America
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
- 10. Middle East & Africa Flexible Packaging Market Outlook, 2019 - 2030
- 10.1. Middle East & Africa Flexible Packaging Market Outlook, by Material, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 10.1.1. Key Highlights
- 10.1.1.1. Plastic
- 10.1.1.1.1. PP
- 10.1.1.1.2. PE
- 10.1.1.1.3. PVC
- 10.1.1.1.4. PET
- 10.1.1.1.5. EVA
- 10.1.1.1.6. BOPP
- 10.1.1.1.7. Misc.
- 10.1.1.2. Aluminum Foil
- 10.1.1.3. Paper
- 10.1.1.4. Misc.
- 10.2. Middle East & Africa Flexible Packaging Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 10.2.1. Key Highlights
- 10.2.1.1. Food
- 10.2.1.2. Beverage
- 10.2.1.3. Medical & Pharmaceutical
- 10.2.1.4. Consumer Products
- 10.2.1.5. Personal Care
- 10.2.1.6. Pet Food
- 10.2.1.7. Baby Food
- 10.2.1.8. Retail (Non-food)
- 10.2.1.9. Industrial Applications
- 10.2.1.10. Misc. (Tobacco, etc.)
- 10.3. Middle East & Africa Flexible Packaging Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
- 10.3.1. Key Highlights
- 10.3.1.1. GCC
- 10.3.1.2. South Africa
- 10.3.1.3. Rest of Middle East & Africa
- 10.3.2. BPS Analysis/Market Attractiveness Analysis
- 11. Competitive Landscape
- 11.1. Company Market Share Analysis, 2021
- 11.2. Competitive Dashboard
- 11.3. Company Profiles
- 11.3.1. Berry Global Inc.
- 11.3.1.1. Company Overview
- 11.3.1.2. Product Portfolio
- 11.3.1.3. Financial Overview
- 11.3.1.4. Business Strategies and Development
- 11.3.2. Amcor
- 11.3.3. Mondi Group
- 11.3.4. Crown Holdings, Inc.
- 11.3.5. WestRock
- 11.3.6. Constantia Flexibles
- 11.3.7. Sealed Air
- 11.3.8. Ball Corp
- 11.3.9. Clondalkin Group
- 11.3.10. Tetra Pak International S.A.
- 11.3.11. International Paper Co.
- 11.3.12. Huhtamäki Oyj
- 11.3.13. Sonoco
- 11.3.14. Oji Holdings
- 11.3.15. Stora Enso
- 11.3.16. Coveris Holding S.A
- 11.3.17. PKGMAKER
- 12. Appendix
- 12.1. Research Methodology
- 12.2. Report Assumptions
- 12.3. Acronyms and Abbreviations
Pricing
Currency Rates
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