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The Flexible Packaging Market size is forecast to increase by USD 54.42 billion and is estimated to grow at a CAGR of 4.82% between 2022 and 2027. The market's expansion hinges on multiple factors, notably an increasing emphasis on enhancing product shelf life, a transition from rigid to flexible packing solutions, and the surging demand for flexible bioplastic packing options. This shift reflects a broader trend toward sustainable and eco-friendly packing materials, driven by consumer preferences and regulatory pressures. Businesses are actively exploring innovations in packing design and materials to address environmental concerns while meeting consumer expectations for convenience and freshness. As sustainability becomes a key driver in purchasing decisions, the market continues to evolve with a focus on reducing waste and environmental impact throughout the packing lifecycle.
Analysis Period | 2017-2027 |
Market Size (2017) Historic Year | USD 185.01 billion |
Market Size (2027) - Forecasted Year | USD 259.48 billion |
Historic Opportunity (2017-2021) | USD 13.79 billion |
Historic CAGR | 1.81 % |
Forecasted Opportunity (2023-2027) | USD 54.42 billion |
Market Opportunity Transformation Growth | 40.25 % |
Market Opportunity Capitalization | USD 68.21 billion |
This market analysis research report extensively covers market segmentation by product (pouches, bags, films and wraps, and others), type (food and beverage, healthcare, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
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The market is driven by the personal care industry's demand for plastic, paper, and metal-based solutions, including polypropylene and bioplastic materials. Advancements like smart packaging, stand-up pouches, and bag-in-box designs are prominent trends, catering to diverse sectors such as electronics, cosmetics, and non-food products. Challenges like enhancing recycling capabilities, reducing food wastage, and developing sustainable biodegradable films are crucial for addressing environmental concerns while maintaining food shelf life and ensuring consumer satisfaction. Managing glass and aluminum foil alternatives alongside cartons and Tetra packs further defines the market's trajectory. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising focus on improving the shelf life of products is notably driving market growth. Increase shelf-life helps the manufacturer in keeping the product saleable for a longer time reducing the wastage of the product. It also helps with damage-free export and transit of perishable goods, such as food, drinks, pharmaceuticals, and other items, to various locations. Flexible packaging works well to extend product shelf life.
In the case of flexible packaging, the extension of shelf life is achieved using MAP. The use of MAP allows the air in the package to be replaced with a different, fixed mixture of gases, while the use of flexible films prevents the gas from leaking out of the package. Some companies of flexible packaging are focusing on offering new products that have an extended shelf life. The rise in the availability of new products with added features is likely to increase the demand for flexible packaging, thereby driving the market share during the forecast period.
Continuous development of new products is the key trend in the market. Product developments by some of the companies will also encourage other companies to come up with innovative products to remain competitive in the market. For instance, in January 2020, Coveris announced the launch of a sustainable and high-performance version of its cast polypropylene film.
The Coveris Print Layer (PP CPL) is designed for flexible packaging of a wide range of food, pet food, and non-food products. Such developments are expected to drive the growth of the global market during the forecast period.
The high cost involved in manufacturing flexible packaging is the major challenge in the market. The material used in flexible packaging manufacturing is mostly made of plastic, which includes PE, PP, and other types of plastic. Any fluctuation in the prices of these raw materials will have a direct impact on the cost of manufacturing flexible packing. The cost of these many kinds of plastics has significantly increased. companies are thus compelled to increase prices in order to pass these expenses along to customers. Some producers of flexible packing have raised the cost of their goods.
Furthermore, the prices of the printing inks and coatings used along with flexible packing have also increased as a result of the rise in the price of oil, solvents, and key monomers for polyurethane (PU) resins. Additionally, the tight supply situation with regard to titanium dioxide white pigment also increases the price of printing inks. Therefore, the price rise of raw materials compels market companies to experiment with cheaper substitutes for flexible packing in order to gain a competitive edge in the market. This is expected to limit the growth of the global market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ProAmpac Holdings Inc - The company offers flexible packaging solutions to various industries such as food and beverage, food service, retail, and other sectors. The company offers flexible packaging such as proactive sustainable packages, mono PE recyclable film, and fresh food-to-go packages.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative market report analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. In market growth and forecasting, data is qualitatively analyzed to categorize companies as pure play, market trends and analysis, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The industry caters to a wide range of sectors, including the personal care industry, snack and convenience foods, and household care products. It encompasses various materials such as paper, glass, and metal, offering versatile solutions like cartons, Tetra packs, and boxes. Packaging manufacturers play a crucial role in meeting the diverse needs of these industries, providing innovative solutions in rigid packaging as well as flexible packaging. This flexibility is particularly beneficial for working women, who often seek convenient and practical packaging options. Advanced technologies like radio frequency identification (RFID) and near-field communication (NFC) enhance inventory management and product tracking, ensuring efficient supply chains and better consumer experiences. These technologies can be seamlessly integrated into both rigid and flexible packaging solutions, further highlighting the adaptability and versatility of the market.
The market share growth of the pouches segment will be significant during the forecast period. Pouches are widely used for the packaging of dry foods, candies, confectioneries, agriculture products, and liquids, as they have a strong visual impact on consumers. Pouches include various types, such as stand-up pouches, flat pouches, side-sealed pouches, center-sealed pouches, gusseted side pouches, vacuum pouches, spout pouches, and others. companies in the market in focus are coming up with new launches to maintain a strong foothold and cater to customer needs which, in turn, is anticipated to propel the growth of the market in focus during the forecast period.
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The pouches segment was valued at USD 74.77 billion in 2017 and continued to grow until 2021. The stand-up pouch packaging segment is becoming more popular than the other types of pouch packaging owing to its shelf appeal and because it offers an airtight closure and is extremely easy to pack. Stand-up pouches have multiple barrier layers of protection, improving the shelf life of various products. Such factors will facilitate segment growth during the forecast period.
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APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market is growing at a steady pace across APAC. Developing economies such as China and India are expected to emerge as major revenue contributors to the overall market in APAC. This is primarily because of the rapid expansion of end-user industries, such as e-commerce, fast-moving consumer goods (FMCG), and personal care. Countries such as China, India, and Japan have a rapidly growing e-commerce industry. Packaging is a very important aspect of the e-commerce industry, as products are prone to damage during transportation. Flexible packing can use multi-layered films, which provide enhanced protection during transit. It can be used to reduce the costs related to damage, replacements, returns, waste, and shipping. This, in turn, will increase the demand for flexible packing in the e-commerce industry.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
The market is witnessing substantial growth driven by diverse industries like personal care, food, electronics, and healthcare. This growth is propelled by factors such as recycling, hygiene, and smart packaging solutions. Manufacturers are focusing on inventory management and sales tracking through advanced technologies like QR codes, RFID, and NFC for efficient product tracking. The demand for flexible bioplastics, paper-based packaging, and biodegradable films underscores the industry's shift towards environmentally friendly packaging. Recyclable products and waste reduction initiatives are key priorities amidst rising environmental concerns.
Innovations like flat or pillow pouches, flat-bottom bags, and bag-in-box solutions offer user-friendly features while enhancing barrier properties for extended food shelf life and reduced food wastage. Flexographic printing techniques enable attractive designs on various substrates like paperboard, metals, and aluminum foil. The versatility of flexible packaging extends to diverse applications such as bulk coffee packaging, cosmetics, medical supplies, and snack foods. This adaptable packaging format meets evolving consumer preferences while addressing industry-specific requirements, making it a pivotal component in the modern packaging landscape.
Furthermore, the industry caters to a wide range of sectors, including the personal care industry, snack and convenience foods, and household care products. It encompasses various materials such as paper, glass, and metal, offering versatile solutions like cartons, Tetra packs, and boxes.Packaging manufacturers play a crucial role in meeting the diverse needs of these industries, providing innovative solutions in rigid packaging as well as flexible packaging. This flexibility is particularly beneficial for working women, who often seek convenient and practical packaging options.Advanced technologies like radio frequency identification (RFID) and near-field communication (NFC) enhance inventory management and product tracking, ensuring efficient supply chains and better consumer experiences. These technologies can be seamlessly integrated into both rigid and flexible packaging solutions, further highlighting the adaptability and versatility of the market.
Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.82% |
Market growth 2023-2027 |
USD 54.42 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.46 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aluflexpack AG, Amcor Plc, Berry Global Inc., Bischof Klein SE and Co. KG, CCL Industries Inc., Clondalkin Group Holdings BV, Constantia Flexibles Group GmbH, Coveris Management GmbH, DS Smith Plc, DuPont de Nemours Inc., Glenroy Inc., Huhtamaki Oyj, Mondi plc, Parkside Flexibles Ltd., Printpack Inc., ProAmpac Holdings Inc, Reynolds Packaging, Sealed Air Corp., Sonoco Products Co., and UFlex Ltd. |
Market dynamics |
Parent market analysis, market research and growth, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, market growth analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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