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The flexible packaging market for food and beverages market size is estimated to grow at a CAGR of 5.14% between 2022 and 2027. The market size is forecast to increase by USD 41.78 billion. The growth of the market depends on several factors such as the rise in demand for pouch packaging solutions, the demand for sustainable packaging solutions, and the need to avoid food wastage.
This flexible packaging market for food and beverages market report extensively covers market segmentation by material (flexible plastic, flexible paper, and flexible foil), product (pouches, bags, films and wraps, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise in demand for pouch packaging solutions is the key factor for the growth of the market. Changing consumer lifestyles across the globe and shifting consumer preferences towards flexible packaging solutions to facilitate storage, handling, and transportation have led to a demand for package solutions. The Pouch packaging is light in weight, excellent in printability, and has a high capacity to meet the needs of one-time use. As a result, Pouch packaging solutions are one of the fastest-growing trends in the global flexible food and beverage packaging market for food and beverages.
Moreover, the low cost of printing flexible bag packaging solutions has also had a positive impact on the demand for flexible bag packaging solutions from the food and beverage industry. Furthermore, the cost of packing 250 grams of food products in flexible pouches is approximately USD 0.50 less than in rigid packaging. This will drive the growth of the global flexible packaging market for food and beverages market during the forecast period.
Advanced recycling technologies for recycling flexible packaging waste is the primary trend in the market. A broad range of flexible packaging solutions consists of plastic and aluminum foil. However, the non-recyclable nature of plastic materials limits the growth of the global food and beverage flexible packaging market. Therefore, to meet this challenge, flexible packaging manufacturers and raw material suppliers are introducing environmentally friendly plastic film solutions and launching various recycling programs to improve the sustainability of their supply chain solutions.
Furthermore, various other programs and initiatives such as the Waste and Resources Action Plan (WRAP), the Plastics Industry Recycling Action Plan (PIRAP), and the Materials Recovery Facility (MRF) are also recycling initiatives for plastic waste generated from flexible packaging of food and beverage products. contributes to Flexible packaging for food and beverages. Hence, increasing adoption of advanced recycling technology will drive the growth of the global flexible packaging market for the food and beverages market during the forecast period.
Volatility in raw material prices is a challenge that affects the growth of the market. Different types of packaging materials are used to wrap food including plastic, glass, metal, and paper. Fluctuations in raw material prices will lead to a decrease in profit margin for sellers due to raised production costs. Therefore, sellers are forced to increase product prices due to fluctuating commodity prices. The price of virgin yarn seems to be more stable than that of recycled yarn.
Moreover, prices of packaging materials such as paper and paper products used to produce corrugated packaging solutions are also expected to fluctuate in the future. As a result, companies are expected to increase the price of corrugated packaging solutions in response to rising raw material prices. Additionally, aluminum, the main raw material used in the production of food canning, also experiences constant price fluctuations, which will impede the growth of the market during the forecast period.
The market research 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.
Global Flexible Packaging Market for Food and Beverages 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.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative 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. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The flexible plastic segment is estimated to witness significant growth during the forecast period. Rising demand for packaged foods, frozen foods, and beverages are key factors driving the market growth. Flexible plastic bags are available in various shapes such as wicket bags, gusset bags, display bags, vacuum bags, and poly bags.
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The flexible plastic segment was the largest segment and was valued at USD 111.77 billion in 2017. Films and wraps are primarily used for food packaging in quick-service restaurants, full-service restaurants, cafes, and other food service establishments. They are used to wrap sandwiches, pizza, burgers, and other snacks. It also provides excellent functional properties that make storage easier and keep food fresher for longer. Small bakeries use heat packs to wrap warm baked goods. Thus, such factors are expected to stimulate the demand for flexible plastic packaging such as bags during the forecast period.
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APAC is estimated to contribute 45% 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. Due to improving economic conditions in various countries such as China, India, Indonesia, and Australia, the flexible packaging market for food and beverages in APAC is expected to grow significantly. Increased urbanization and lifestyle changes are expected to increase the demand for soft drinks and instant meals, increasing the demand for food and beverages in the region.
Moreover, the regional food industry is undergoing major changes as consumers choose packaged foods over traditional prepared meals. This is primarily due to rising disposable income, busy lifestyles, time constraints on meal preparation, and the ready availability of packaged food. With on-time delivery, convenience, and better discounts, consumers are turning to e-commerce/online platforms to order packaged groceries. This will bring numerous innovations to the food and beverage industry and boost the growth of the market during the forecast period.
Due to the outbreak of COVID-19 in 2020, the flexible packaging market for the food and beverages market in APAC is negatively affected. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions, which led to the resumption of operations in end-user industries, such as food processing led to the gradual growth of the regional flexible packaging market for food and beverages, which, in turn, will propel the regional market growth during the forecast period.
The flexible packaging market for food and beverages market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Flexible Packaging Market For Food And Beverages Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.14% |
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Market growth 2023-2027 |
USD 41.78 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.67 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 45% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
American Packaging Corp., Behr Bircher Cellpack BBC AG, Berry Global Inc., Bischof Klein SE and Co. KG, Bryce Corp., CCL Industries Inc., Constantia Flexibles Group GmbH, Glenroy Inc., Huhtamaki Oyj, Mondi Plc, Novolex, Printpack Inc., ProAmpac Holdings Inc., Sealed Air Corp., Sonoco Products Co., Transcontinental Inc., UFlex Ltd., WestRock Co., Wipak Group, and Amcor Plc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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