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Flexible Packaging Market for Food and Beverages Market by Material and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 137
  • SKU: IRTNTR73211
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The flexible packaging market share for food and beverages is expected to increase by USD 39.02 million from 2021 to 2026, at a CAGR of 5.16%.

This flexible packaging market research report for food and beverages 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 the flexible packaging market for food and beverages market segmentation by material (flexible plastic, flexible paper, and flexible foil) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The flexible packaging market report for food and beverages also offers information on several market vendors, including Amcor Plc, 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 Holdings LLC, Printpack Inc., ProAmpac Intermediate Inc., RPC Bramlage GmbH, Sealed Air Corp., Sonoco Products Co., Transcontinental Inc., UFlex Ltd., WestRock Co., and Wipak Group among others.

What will the Flexible Packaging Market Size for Food and Beverages be During the Forecast Period?

Flexible Packaging Market Size

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Flexible Packaging Market for Food and Beverages Market: Key Drivers, Trends, and Challenges

The rise in demand for pouch packaging solutions is notably driving the flexible packaging market growth for food and beverages, although factors such as government regulations on packaging may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the flexible packaging industry for food and beverages. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Flexible Packaging Market Driver for Food and Beverages

One of the key factors driving the global flexible packaging market growth for food and beverages is the rise in demand for pouch packaging solutions. Pouch packaging is lightweight, has high printability, and has a high ability to meet the need for single-serve uses. Spout pouches packaging solutions in the food and beverage industry can discharge up to 99.5% of the products stored in them. Thus, increased demand for flexible pouch packaging solutions made up of polyethylene, aluminum foil, nylon, film foil, and laminated and metalized films will drive the growth of the global flexible pouch packaging market for food and beverages. In addition, the cost of packaging 250 grams of food items in flexible pouch packaging is around USD 0.50 less than in rigid packaging. This will further fuel the market growth during the forecast period.

Key Flexible Packaging Market Trend for Food and Beverages

The evolution of advanced recycling technologies and programs for reducing and recycling flexible packaging waste is one of the key flexible packaging market trends for food and beverages that is expected to impact the industry positively in the forecast period. For instance, through a joint venture, Alcoa, Tetra Pak, Klabin, and TSL Ambiental launched a recycling plant in Brazil that uses plasma technology to separate paper, aluminum, and plastic components used in the packaging of juice cartons and dairy products. This technology is also eco-friendly as it uses 400 kWh-500 kWh of energy, unlike conventional recycling methods that use 700 kWh-750 kWh to produce 1.10 tons of recycled aluminum. The growing adoption of advanced recycling technologies will foster the growth of the global flexible packaging market for food and beverages in the coming years.

Key Flexible Packaging Market Challenge for Food and Beverages

One of the key challenges to the global flexible packaging market growth for food and beverages is the government regulations on the packaging. For instance, the European Commission (EC) placed its final Commission Regulation (EU) 2018/213 in the official journal in February 2018. The regulation restricts the use of Bisphenol A in certain food-contact materials, proposes a specific migration limit for Bisphenol A in varnishes and coatings, and updates the specific migration limit for Bisphenol A in the Plastics Regulation 10/2011. The government of India has also set various regulations related to food packaging in the Food Safety and Standards Regulations, 2011. For instance, containers made from plastic should conform to IS 10146 (specification for polyethylene in contact with food products), IS 10142 (specification for styrene polymers in contact with food products), and many others. Such factors may limit the market growth in the coming years.

This flexible packaging market for food and beverages 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.

Parent Market Analysis

Technavio categorizes the global flexible packaging market for food and beverages as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the flexible packaging market for food and beverages during the forecast period.

Who are the Major Flexible Packaging Market Vendors for Food and Beverages?

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

 

  • Amcor Plc
  • 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 Holdings LLC
  • Printpack Inc.
  • ProAmpac Intermediate Inc.
  • RPC Bramlage GmbH
  • Sealed Air Corp.
  • Sonoco Products Co.
  • Transcontinental Inc.
  • UFlex Ltd.
  • WestRock Co.
  • Wipak Group

 

This statistical study of the flexible packaging market for food and beverages encompasses successful business strategies deployed by the key vendors. The flexible packaging market for food and beverages is fragmented and the vendors are deploying growth strategies such as focusing on distribution and marketing to compete in the market.

Product Insights and News

  • Amcor Plc - The company offers flexible packaging solutions for food and beverages that help in protecting food and assuring it is at its most flavourful stage.
  • American Packaging Corp. - The company offers flexible packaging solutions for food and beverages that include coffee and tea, confections, dairy, fresh produce, frozen foods, grocery, and healthcare.

To make the most of the opportunities and recover from the 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 flexible packaging market for food and beverages forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Flexible Packaging Market for Food and Beverages Value Chain Analysis

Our report provides extensive information on the value chain analysis for the flexible packaging market for food and beverages, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Flexible Packaging Market for Food and Beverages?

Flexible Packaging Market Market segmentation by region

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45% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for flexible packaging for food and beverages in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Growing urbanization and changing lifestyles have led to increased demand for soft drinks and ready-to-eat meals, which will facilitate the flexible packaging market growth for food and beverages 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.

COVID Impact and Recovery Analysis

The COVID-19 pandemic has adversely affected the growth of the market in focus in APAC. Several countries in APAC, such as China, India, Japan, and South Korea, imposed strict lockdowns in Q1 and Q2 2020, which resulted in the temporary closure of foodservice outlets, such as restaurants, hotels, and retail stores in the region. However, the easing of lockdowns and large-scale vaccination drives in different countries in APAC, including India, Japan, and China, and the emphasis on resuming the operations of other businesses in end-user industries, such as food processing, from Q3 2020 led to the gradual growth of the regional flexible packaging market for food and beverages, which, in turn, will continue to propel the market growth during the forecast period.

What are the Revenue-generating Material Segments in the Flexible Packaging Market for Food and Beverages?

Flexible Packaging Market Segmentation

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The flexible packaging market share growth for food and beverages by the flexible plastic segment will be significant during the forecast period. The significant increase in the demand for packaged food, frozen food, and beverages will drive market growth through this segment in the coming years.

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

 

Flexible Packaging Market Scope for Food and Beverages

Report Coverage

Details

Page number

120

Base year

2021

forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 5.16%

Market growth 2022-2026

$ 39.02 million

Market structure

Fragmented

YoY growth (%)

5.73

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 45%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amcor Plc, 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 Holdings LLC, Printpack Inc., ProAmpac Intermediate Inc., RPC Bramlage GmbH, Sealed Air Corp., Sonoco Products Co., Transcontinental Inc., UFlex Ltd., WestRock Co., and Wipak Group

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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What are the Key Data Covered in this Flexible Packaging Market for Food and Beverages Report?

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

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Material
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Material

    • 5.1 Market segments
      • Exhibit 24: Chart on Material - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Material - Market share 2021-2026 (%)
    • 5.2 Comparison by Material
      • Exhibit 26: Chart on Comparison by Material
      • Exhibit 27: Data Table on Comparison by Material
    • 5.3 Flexible plastic - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Flexible plastic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Flexible plastic - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Flexible plastic - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Flexible plastic - Year-over-year growth 2021-2026 (%)
    • 5.4 Flexible paper - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Flexible paper - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Flexible paper - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Flexible paper - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Flexible paper - Year-over-year growth 2021-2026 (%)
    • 5.5 Flexible foil - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Flexible foil - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Flexible foil - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Flexible foil - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Flexible foil - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Material
      • Exhibit 40: Market opportunity by Material ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Amcor Plc
              • Exhibit 93: Amcor Plc - Overview
              • Exhibit 94: Amcor Plc - Business segments
              • Exhibit 95: Amcor Plc - Key news
              • Exhibit 96: Amcor Plc - Key offerings
              • Exhibit 97: Amcor Plc - Segment focus
            • 10.4 American Packaging Corp.
              • Exhibit 98: American Packaging Corp. - Overview
              • Exhibit 99: American Packaging Corp. - Product / Service
              • Exhibit 100: American Packaging Corp. - Key offerings
            • 10.5 Behr Bircher Cellpack BBC AG
              • Exhibit 101: Behr Bircher Cellpack BBC AG - Overview
              • Exhibit 102: Behr Bircher Cellpack BBC AG - Product / Service
              • Exhibit 103: Behr Bircher Cellpack BBC AG - Key offerings
            • 10.6 Berry Global Inc.
              • Exhibit 104: Berry Global Inc. - Overview
              • Exhibit 105: Berry Global Inc. - Business segments
              • Exhibit 106: Berry Global Inc. - Key news
              • Exhibit 107: Berry Global Inc. - Key offerings
              • Exhibit 108: Berry Global Inc. - Segment focus
            • 10.7 Bischof Klein SE and Co. KG
              • Exhibit 109: Bischof Klein SE and Co. KG - Overview
              • Exhibit 110: Bischof Klein SE and Co. KG - Product / Service
              • Exhibit 111: Bischof Klein SE and Co. KG - Key offerings
            • 10.8 Bryce Corp.
              • Exhibit 112: Bryce Corp. - Overview
              • Exhibit 113: Bryce Corp. - Product / Service
              • Exhibit 114: Bryce Corp. - Key offerings
            • 10.9 CCL Industries Inc.
              • Exhibit 115: CCL Industries Inc. - Overview
              • Exhibit 116: CCL Industries Inc. - Business segments
              • Exhibit 117: CCL Industries Inc. - Key offerings
              • Exhibit 118: CCL Industries Inc. - Segment focus
            • 10.10 Constantia Flexibles Group GmbH
              • Exhibit 119: Constantia Flexibles Group GmbH - Overview
              • Exhibit 120: Constantia Flexibles Group GmbH - Business segments
              • Exhibit 121: Constantia Flexibles Group GmbH - Key offerings
              • Exhibit 122: Constantia Flexibles Group GmbH - Segment focus
            • 10.11 Glenroy Inc.
              • Exhibit 123: Glenroy Inc. - Overview
              • Exhibit 124: Glenroy Inc. - Product / Service
              • Exhibit 125: Glenroy Inc. - Key offerings
            • 10.12 Wipak Group
              • Exhibit 126: Wipak Group - Overview
              • Exhibit 127: Wipak Group - Business segments
              • Exhibit 128: Wipak Group - Key offerings
              • Exhibit 129: Wipak Group - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 130: Inclusions checklist
                • Exhibit 131: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 132: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 133: Research methodology
                • Exhibit 134: Validation techniques employed for market sizing
                • Exhibit 135: Information sources
              • 11.5 List of abbreviations
                • Exhibit 136: List of abbreviations

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Flexible Packaging Market for Food and Beverages market growth will increase by $39.02 million during 2022-2026.
              The flexible packaging market for food and beverages market is expected to grow at a CAGR of 5.16% during 2022-2026.
              Technavio has segmented the flexible packaging market for food and beverages market by material (Flexible plastic, Flexible paper, and Flexible foil) and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
              Amcor Plc, 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 Holdings LLC, Printpack Inc., ProAmpac Intermediate Inc., RPC Bramlage GmbH, Sealed Air Corp., Sonoco Products Co., Transcontinental Inc., UFlex Ltd., WestRock Co., Wipak Group are a few of the key vendors in the flexible packaging market for food and beverages market.
              APAC will register the highest growth rate of 45.11% among the other regions. Therefore, the flexible packaging market for food and beverages market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the flexible packaging market for food and beverages market growth are:
              • Rise in demand for pouch packaging solutions
              • Evolution of advanced recycling technologies and programs for reducing and recycling flexible packaging waste
              The flexible packaging market for food and beverages market vendors should focus on grabbing business opportunities from the flexible plastic segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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