Converted Flexible Packaging Market by Product and Geography - Forecast and Analysis 2022-2026

The converted flexible packaging market share is expected to increase by USD 21.73 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.79%.

This converted flexible packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers converted flexible packaging market segmentation by product (pouches, bags, and others) and geography (APAC, Europe, North America, South America, and MEA). The converted flexible packaging market report also offers information on several market vendors, including Amcor Plc, Bischof + Klein SE and Co. KG, Constantia Flexibles Group GmbH, Graphic Packaging Holding Co., Koehler Paper SE, ProAmpac Intermediate Inc., Sappi Ltd., Sealed Air Corp., Sonoco Products Co., and Transcontinental Inc. among others.

What will the Converted Flexible Packaging Market Size be During the Forecast Period?

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Converted Flexible Packaging Market: Key Drivers and Trends

The shift from rigid packaging to converted flexible packaging is notably driving the converted flexible packaging market growth, although factors such as stringent regulations on the manufacture of converted flexible packaging may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the converted flexible packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Converted Flexible Packaging Market Driver

One of the key drivers for the converted flexible packaging market growth is the major shift of end-users from rigid packaging to converted flexible packaging. It is manufactured by using a variety of plastic materials, which are lightweight, stretchable, and non-rigid depending on their application in the end-user industries. Converted flexible packaging helps to retain the aroma of the product and does not get damaged with moisture in case of encasing products such as grass. Converted flexible packaging produces around 45%-55% less packaging waste and is 80% lighter in weight than traditional rigid packaging. With a rising focus on sustainability and convenience by the end-users, the demand for converted flexible packaging is estimated to drive the market growth during the forecast period.

Key Converted Flexible Packaging Market Challenge

The stringent regulations imposed on manufacturers is a key challenge for the converted flexible packaging market growth. The flexible packaging has to comply with various mandatory regulations of the US Environmental Protection Agency (EPA), for manufacturing and marketing operations. Regulations for wastage discharge post manufacture of products or product groups, such SOPs are also imposed by the British Retail Consortium (BRC) and the Institute of Packaging (IoP) collaboratively (BRC/IoP) for monitoring quality and safety packaging, thus such mandates are seen as a negative impact on the market focus during the forecast period.

This converted flexible packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Converted Flexible Packaging Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Amcor Plc
• Bischof + Klein SE and Co. KG
• Constantia Flexibles Group GmbH
• Graphic Packaging Holding Co.
• Koehler Paper SE
• ProAmpac Intermediate Inc.
• Sappi Ltd.
• Sealed Air Corp.
• Sonoco Products Co.
• Transcontinental Inc.

This statistical study of the converted flexible packaging market encompasses successful business strategies deployed by the key vendors. The converted flexible packaging market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The converted flexible packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Converted Flexible Packaging Market?

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47% of the market's growth will originate from APAC during the forecast period. China is the key market for converted flexible packaging market in APAC. Market growth in this region will be faster than the growth of the market in the rest of the regions.

The fast expansion of the end-user industry such as personal care, e-commerce, and fast-moving consumer goods in developing countries will facilitate the converted flexible packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Converted Flexible Packaging Market?

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The converted flexible packaging market share growth by the pouches segment will be significant during the forecast period. Pouches have a strong visual impact on consumers, hence they are used in the packaging of agriculture products, dry foods, liquids, and candies. The different sizes of pouches seal thoroughly and ensure the products are not affected by dirt, moisture, or bacteria. The global converted flexible packaging market has been benefitted from the innovation of resealable pouches. This technology enables the consumers to close the package properly and snack from the same pouch repeatedly. The rise in packaged food and beverages production and consumption is anticipated to fuel up the manufacturing of pouches segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the converted flexible packaging market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Converted Flexible Packaging Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive converted flexible packaging market growth during the next five years
• Precise estimation of the converted flexible packaging market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the converted flexible packaging industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of converted flexible packaging market vendors

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