
US Converted Flexible Packaging
Description
Converted Flexible Packaging
Demand for converted flexible packaging is forecast to increase 3.0% annually to $30.6 billion in 2026. Flexible packaging continues to take share from rigid types due to its lower material usage, lower cost, and lighter weight, as well as increasing penetration into new markets:
Plastic remains the material most used in the manufacture of flexible packaging because of its performance, but paper is expected to increase its share of the market due to its more sustainable image. Growing demand for paper will be further supported by recent innovations in barrier solutions, allowing for its use in more applications, such as liquids and items requiring protection from moisture.
Meat Products, Pet Food, & Pharmaceuticals to See Healthy Gains
The pet food, pharmaceuticals, and meat, poultry, and seafood markets will offer the best opportunities for converted flexible packaging:
Sustainability remains the top priority for most packaging manufacturers, with many switching from rigid to flexible packaging where possible to reduce shipping weights and increase the amount of product per load. Additionally, flexible packaging manufacturers are focusing on increasing recycling rates and the use of recycled packaging to meet sustainability goals. Other initiatives include:
Demand for converted flexible packaging is forecast to increase 3.0% annually to $30.6 billion in 2026. Flexible packaging continues to take share from rigid types due to its lower material usage, lower cost, and lighter weight, as well as increasing penetration into new markets:
- Pouches are the leading type of flexible packaging and have maintained healthy growth due to their numerous performance advantages.
- Formats such as bag-in-box, lidding, and strip packs continue to see solid growth, attributable to their strong performance properties compared to less costly flexible packaging (while still allowing for cost savings compared to rigid options).
Plastic remains the material most used in the manufacture of flexible packaging because of its performance, but paper is expected to increase its share of the market due to its more sustainable image. Growing demand for paper will be further supported by recent innovations in barrier solutions, allowing for its use in more applications, such as liquids and items requiring protection from moisture.
Meat Products, Pet Food, & Pharmaceuticals to See Healthy Gains
The pet food, pharmaceuticals, and meat, poultry, and seafood markets will offer the best opportunities for converted flexible packaging:
- Meat and poultry products will continue adopt higher value, case-ready flexible packaging formats like vacuum skin packaging and lidding following pandemic-induced grocery store labor shortages and an increasing consumer preference for high-quality, organic meat products.
- The increasing popularity of premium and organic pet foods benefits converted flexible packaging suppliers, as these products are often sold in higher value packaging such as pouches.
- Flexible packaging for pharmaceutical products will benefit from the strong performance properties of strip and blister packaging, as well as unit dose requirements.
Sustainability remains the top priority for most packaging manufacturers, with many switching from rigid to flexible packaging where possible to reduce shipping weights and increase the amount of product per load. Additionally, flexible packaging manufacturers are focusing on increasing recycling rates and the use of recycled packaging to meet sustainability goals. Other initiatives include:
- Numerous companies have announced or released monomaterial offerings, in formats such as pouches, that are more easily recycled than composite material alternatives.
- There have also been various improvements in coatings and barriers for flexible paper packaging, allowing for its usage in more applications while maintaining recyclability.
Table of Contents
341 Pages
- Figure 1-1. US Converted Flexible Packaging Market
- Overview
- Impact on the Economy
- Impact on the Flexible Packaging Industry
- Study Scope
- Historical Market Patterns
- Key Product Trends
- Top Level Market Overview
- Materials Volume Trends
- Pricing & Product Mix
- Competition from Rigid Packaging
- Technology & Product Innovation
- Growth in E-Commerce
- Regulations
- Sustainability Initiatives
- Consumer Preferences
- Scope & Product Description
- Materials Trends
- Markets Overview
- Leading Suppliers
- Scope & Product Description
- Materials Trends
- Markets Overview
- Leading Suppliers
- Scope & Product Description
- Materials Trends
- Markets Overview
- Leading Suppliers
- Scope & Product Description
- Materials Trends
- Markets Overview
- Product Trends
- Market Scope
- Materials Trends
- Product Trends
- Demand by Market
- Meat, Poultry, &Seafood
- Baked Goods
- Snack Foods
- Fresh Produce
- Candy & Confections
- Frozen Food
- Dairy Products
- Beverages
- Grain Mill Products
- Other Foods
- Market Scope
- Materials Trends
- Product Trends
- Demand by Application
- Pharmaceuticals
- Pet Food
- Medical Products
- Agriculture & Horticulture
- Paper & Textiles
- Chemicals
- Rack & Counter
- Other Nonfood
- Key Findings & Industry Composition
- Market Share
- Mergers & Acquisitions
- List of Industry Participants
- Report Details
- Definitions
- Abbreviations
- Freedonia Methodology
- Study-Specific Methodology
- Data Changes from Previous Version
- Sources
- Associations & Agencies
- Related Studies & Reports
- Macroeconomic Assumptions
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.