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Flexible Plastic Packaging Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 137
  • SKU: IRTNTR44803
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The flexible plastic packaging market share is expected to increase by USD 40.13 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.78%.

This flexible plastic 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 flexible plastic packaging market segmentations by product (pouches, bags, films and wraps, and others), end User (food and beverage, healthcare, and others), and geography (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA). The flexible plastic packaging market report also offers information on several market vendors, including Amcor Plc, Berry Global Group Inc., CCL Industries Inc., Clondalkin Group Holdings BV, Coveris Management GmbH, Huhtamaki Oyj, Mondi Group, Sealed Air Corp., Sonoco Products Co., and UFlex Ltd. among others.

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

Download the Free Report Sample to Unlock the Flexible Plastic Packaging Market Size for the Forecast Period and Other Important Statistics

 

Flexible Plastic Packaging Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising focus on improving the shelf life of products is notably driving the flexible plastic packaging market growth, although factors such as high cost involved in manufacturing flexible plastic 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 flexible plastic packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Flexible Plastic Packaging Market Driver

The rising focus on improving the shelf life of products is a major factor driving the global flexible plastic packaging market share growth. The increase in the shelf life of products helps manufacturers to keep them for sale for a longer time, and thereby, reduces the wastage of the product. The increase in shelf life also aids in the transportation and export of perishable products such as food, beverages, medicines, and others to different places without any damage. Flexible plastic packaging is effective in improving the shelf life of products. For instance, bananas packaged in flexible plastic packaging ripen more slowly and have a prolonged shelf life. Furthermore, the need to extend the shelf life of food items and reduce their waste has led to the emergence of resealable flexible plastic packaging. The rise in the availability of such new products with added features is likely to increase the demand for flexible plastic packaging during the forecast period.

Key Flexible Plastic Packaging Market Trend

The emergence of recyclable flexible plastic packaging is another factor supporting the global flexible plastic packaging market share growth. A rise in the need for sustainable packaging and reducing the use of plastic packaging due to environmental concerns associated with it has led to an increase in the demand for recyclable flexible plastic packaging. Most of the end-users of flexible plastic packaging have been focusing on introducing various initiatives for increasing the use of recyclable packaging. For instance, in March 2019, Moy Park Ltd. launched Remove, Reduce, Recycle, and Research campaign. The campaign aims at reducing its overall usage of packaging by 5% year-over-year while also increasing the use of recyclable packaging by 5%. As per the European Strategy for Plastics, by 2030, all plastic packaging in the European Union must be recyclable or reusable. Consequently, many businesses are already striving toward achieving this goal by 2025. Therefore, with the increase in new product developments of recyclable flexible plastic packaging, there will be a simultaneous rise in its market demand during the forecast period.

Key Flexible Plastic Packaging Market Challenge

The increasing focus on reducing the use of plastic packaging will be a major challenge for the global flexible plastic packaging market share growth during the forecast period. Flexible plastic packaging solutions are primarily made up of plastics. However, the waste generated from these plastics is harmful to the environment. Discarded plastic food packaging constitutes a major part of the packaging waste generated worldwide. After their use, flexible plastic packaging is mostly discarded in landfills, where its non-degradable nature poses a threat to the environment. Also, when PS degrades, it breaks down into styrene monomer, styrene dimer, and styrene trimer, all of which are carcinogenic. As plastic is one of the major materials disposed of in landfills, various international regulatory bodies and governments across the world are framing regulations and introducing initiatives, which are aimed at reducing plastic waste. The rise in such initiatives is likely to increase the need for sustainable packaging options. Though flexible plastic packaging is extremely efficient in protecting products, the demand for this type of packaging may decline during the forecast period due to the growing focus on reducing the use of plastics in packaging.

This flexible plastic 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global flexible plastic packaging market as 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 plastic packaging market during the forecast period.

Who are the Major Flexible Plastic Packaging Market Vendors?

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

 

  • Amcor Plc
  • Berry Global Group Inc.
  • CCL Industries Inc.
  • Clondalkin Group Holdings BV
  • Coveris Management GmbH
  • Huhtamaki Oyj
  • Mondi Group
  • Sealed Air Corp.
  • Sonoco Products Co.
  • UFlex Ltd.

 

This statistical study of the flexible plastic packaging market encompasses successful business strategies deployed by the key vendors. The flexible plastic packaging market is fragmented and the vendors are deploying growth strategies such as focusing on developing innovative products to compete in the market.

Product Insights and News

  • Amcor Plc- The company offers flexible packaging which is innovative, attractive and more sustainable packaging helps brands stand out and better protects the planets.

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 flexible plastic 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.

Flexible Plastic Packaging Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the flexible plastic packaging market, 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.

The value chain of global metal and glass containers market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Flexible Plastic Packaging Market?

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

The rapid expansion of end-user industries, such as e-commerce, fast-moving consumer goods (FMCG), and personal care in developing economies will facilitate the flexible plastic 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 Flexible Plastic Packaging Market?

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The flexible plastic packaging market share growth by 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. 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. 

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

 

Flexible Plastic Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.78%

Market growth 2021-2025

$ 40.13 billion

Market structure

Fragmented

YoY growth (%)

4.14

Regional analysis

APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 45%

Key consumer countries

US, China, UK, Germany, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amcor Plc, Berry Global Group Inc., CCL Industries Inc., Clondalkin Group Holdings BV, Coveris Management GmbH, Huhtamaki Oyj, Mondi Group, Sealed Air Corp., Sonoco Products Co., and UFlex Ltd.

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, Market condition analysis for 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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What are the Key Data Covered in this Flexible Plastic Packaging Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive flexible plastic packaging market growth during the next five years
  • Precise estimation of the flexible plastic packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the flexible plastic packaging industry across APAC, Europe, North America, South America, MEA, 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 flexible plastic packaging market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Metal and glass containers market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Pouches - Market size and forecast 2020-2025
      • Exhibit 17: Pouches - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Pouches - Year-over-year growth 2020-2025 (%)
    • 5.4 Bags - Market size and forecast 2020-2025
      • Exhibit 19: Bags - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Bags - Year-over-year growth 2020-2025 (%)
    • 5.5 Films and wraps - Market size and forecast 2020-2025
      • Exhibit 21: Films and wraps - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: Films and wraps - Year-over-year growth 2020-2025 (%)
    • 5.6 Others - Market size and forecast 2020-2025
      • Exhibit 23: Others - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Product
      • Exhibit 25: Market opportunity by Product

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 26: End-user - Market share 2020-2025 (%)
    • 6.2 Comparison by End-user
      • Exhibit 27: Comparison by End-user
    • 6.3 Food and beverage - Market size and forecast 2020-2025
      • Exhibit 28: Food and beverage - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 29: Food and beverage - Year-over-year growth 2020-2025 (%)
    • 6.4 Healthcare - Market size and forecast 2020-2025
      • Exhibit 30: Healthcare - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 31: Healthcare - Year-over-year growth 2020-2025 (%)
    • 6.5 Others - Market size and forecast 2020-2025
      • 6.6 Market opportunity by End-user
        • Exhibit 34: Market opportunity by End-user

      7 Customer landscape

      8 Geographic Landscape

      • 8.1 Geographic segmentation
        • Exhibit 36: Market share by geography 2020-2025 (%)
      • 8.2 Geographic comparison
        • Exhibit 37: Geographic comparison
      • 8.3 APAC - Market size and forecast 2020-2025
        • Exhibit 38: APAC - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)
      • 8.4 Europe - Market size and forecast 2020-2025
        • Exhibit 40: Europe - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)
      • 8.5 North America - Market size and forecast 2020-2025
        • Exhibit 42: North America - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 43: North America - Year-over-year growth 2020-2025 (%)
      • 8.6 South America - Market size and forecast 2020-2025
        • Exhibit 44: South America - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 45: South America - Year-over-year growth 2020-2025 (%)
      • 8.7 MEA - Market size and forecast 2020-2025
        • Exhibit 46: MEA - Market size and forecast 2020-2025 ($ billion)
        • Exhibit 47: MEA - Year-over-year growth 2020-2025 (%)
      • 8.8 Key leading countries
        • Exhibit 48: Key leading countries
      • 8.9 Market opportunity by geography
        • Exhibit 49: Market opportunity by geography ($ billion)

      9 Drivers, Challenges, and Trends

      • 9.1 Market drivers
        • 9.2 Market challenges
          • 9.3 Market trends

            10 Vendor Landscape

            • 10.1 Overview
              • Exhibit 51: Vendor landscape
            • 10.2 Landscape disruption
              • Exhibit 52: Landscape disruption
              • Exhibit 53: Industry risks

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 54: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 55: Market positioning of vendors
            • 11.3 Amcor Plc
              • Exhibit 56: Amcor Plc - Overview
              • Exhibit 57: Amcor Plc - Business segments
              • Exhibit 58: Amcor Plc - Key news
              • Exhibit 59: Amcor Plc - Key offerings
              • Exhibit 60: Amcor Plc - Segment focus
            • 11.4 Berry Global Group Inc.
              • Exhibit 61: Berry Global Group Inc. - Overview
              • Exhibit 62: Berry Global Group Inc. - Business segments
              • Exhibit 63: Berry Global Group Inc. - Key offerings
              • Exhibit 64: Berry Global Group Inc. - Segment focus
            • 11.5 CCL Industries Inc.
              • Exhibit 65: CCL Industries Inc. - Overview
              • Exhibit 66: CCL Industries Inc. - Business segments
              • Exhibit 67: CCL Industries Inc. - Key news
              • Exhibit 68: CCL Industries Inc. - Key offerings
              • Exhibit 69: CCL Industries Inc. - Segment focus
            • 11.6 Clondalkin Group Holdings BV
              • Exhibit 70: Clondalkin Group Holdings BV - Overview
              • Exhibit 71: Clondalkin Group Holdings BV - Product and service
              • Exhibit 72: Clondalkin Group Holdings BV - Key offerings
            • 11.7 Coveris Management GmbH
              • Exhibit 73: Coveris Management GmbH - Overview
              • Exhibit 74: Coveris Management GmbH - Product and service
              • Exhibit 75: Coveris Management GmbH - Key news
              • Exhibit 76: Coveris Management GmbH - Key offerings
            • 11.8 Huhtamaki Oyj
              • Exhibit 77: Huhtamaki Oyj - Overview
              • Exhibit 78: Huhtamaki Oyj - Business segments
              • Exhibit 79: Huhtamaki Oyj - Key news
              • Exhibit 80: Huhtamaki Oyj - Key offerings
              • Exhibit 81: Huhtamaki Oyj - Segment focus
            • 11.9 Mondi Group
              • Exhibit 82: Mondi Group - Overview
              • Exhibit 83: Mondi Group - Business segments
              • Exhibit 84: Mondi Group - Key news
              • Exhibit 85: Mondi Group - Key offerings
              • Exhibit 86: Mondi Group - Segment focus
            • 11.10 Sealed Air Corp.
              • Exhibit 87: Sealed Air Corp. - Overview
              • Exhibit 88: Sealed Air Corp. - Business segments
              • Exhibit 89: Sealed Air Corp. - Key offerings
              • Exhibit 90: Sealed Air Corp. - Segment focus
            • 11.11 Sonoco Products Co.
              • Exhibit 91: Sonoco Products Co. - Overview
              • Exhibit 92: Sonoco Products Co. - Business segments
              • Exhibit 93: Sonoco Products Co. - Key offerings
              • Exhibit 94: Sonoco Products Co. - Segment focus
            • 11.12 UFlex Ltd.
              • Exhibit 95: UFlex Ltd. - Overview
              • Exhibit 96: UFlex Ltd. - Business segments
              • Exhibit 97: UFlex Ltd. - Key news
              • Exhibit 98: UFlex Ltd. - Key offerings
              • Exhibit 99: UFlex Ltd. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Currency conversion rates for US$
                • Exhibit 100: Currency conversion rates for US$
              • 12.3 Research methodology
                • Exhibit 101: Research Methodology
                • Exhibit 102: Validation techniques employed for market sizing
                • Exhibit 103: Information sources
              • 12.4 List of abbreviations
                • Exhibit 104: 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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              The flexible plastic packaging market market growth will increase by $40.13 billion during 2021-2025.
              The flexible plastic packaging market market is expected to grow at a CAGR of 4.78% during 2021-2025.
              Technavio has segmented the flexible plastic packaging market market by product (Pouches, Bags, Films and wraps, and Others) ,end user (Food and beverage, Healthcare, and Others) , and geographic (APAC, Europe, North America, South America, and MEA).
              Amcor Plc, Berry Global Group Inc., CCL Industries Inc., Clondalkin Group Holdings BV, Coveris Management GmbH, Huhtamaki Oyj, Mondi Group, Sealed Air Corp., Sonoco Products Co., UFlex Ltd. are a few of the key vendors in the flexible plastic packaging market market.
              APAC will register the highest growth rate of 45.43% among the other regions. Therefore, the flexible plastic packaging market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the flexible plastic packaging market market growth are:
              • Rising focus on improving the shelf life of products
              • Continuous development of new products
              The flexible plastic packaging market market vendors should focus on grabbing business opportunities from the pouches segment as it accounted for the largest market share in the base year.
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