Press release
Flexible Packaging Paper Market Demand & Swot Analysis By 2026: International Paper Company, Mondi Group, Gordon Paper Company, Inc
Transparency Market Research delivers key insights on the flexible packaging paper market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019–2029. In terms of revenue, the global flexible packaging paper market is estimated to expand at a CAGR of 3.9% during the forecast period, owing to numerous factors about which, TMR offers thorough insights and forecast in this report.
The global flexible packaging paper market is a multi-billion dollar market and is projected to have a steady growth through 2029. This steady growth can be attributed to the application of flexible packaging paper for food packaging. Increased demand for smaller pack sizes coupled with preference for convenience has bolstered the demand for flexible packaging paper for food packaging in the past years. Furthermore, high consumption of flexible packaging paper in pharmaceutical and consumer goods in developed regions are expected to boost the sales of flexible packaging paper across the globe. Besides, paper has been considered as an eco-friendly packaging material. As per an independent survey conducted by TMR, more than 60% of the manufacturers interviewed said that they are heading towards complete shift from plastic to paper products by the end of 2023.
South Asia to Spearhead Flexible Packaging Paper Market Growth
As per the TMR analysis, South Asia flexible packaging paper market is projected to expand at a CAGR of 5% during the forecast period. This growth is attributable to the increasing dominance of flexible packaging formats in growing categories such as such as food and personal care & cosmetics. Furthermore, flexible packaging paper is expected to continue its popularity during the next decade as it is lighter than other packaging formats, uses less energy to transport, and causes less harm to the environment.
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In addition to this, the demand for smaller pack sizes in witnessed a sharp rise in 2018 in the region as consumers preferred to carry products with them amidst their fast-paced lifestyles. The convenience features offered by sacks, pouches, and wraps make them an apt choice for on-the-go consumption and snacking trend. Also, manufacturers are offering resealable pouches, which allow people to consume small amounts at a time while keeping the remaining contents fresh. These factors are expected to create a sustained demand for flexible packaging paper in the region.
Matured Consumer Base of Europe to Represent a Sustained Demand for Flexible Packaging Paper
Geographically, the Europe region is estimated to account for ~23% of the flexible packaging paper market share by the end of 2020. The demand for flexible packaging paper in Europe is primarily driven by the increasing demand for convenient and sustainable packaging solutions. Lightweight, ease to open, and environment-friendliness are key attributes possessed by flexible packaging paper, which have been found to influence the purchase decisions of consumers in European markets.
Germany, Italy, France, and the U.K. represent nearly 70% of the European flexible packaging paper market. Governing bodies in these countries are imposing serious legislations to curb the use of single-use plastic in the region. These laws are expected to boost the demand for environment-friendly packaging solutions such as flexible packaging paper in the region.
Flexible Packaging Paper Market: Competition Landscape
In the global market report for flexible packaging paper, the competition landscape is discussed in detail. Key players profiled in the flexible packaging paper market are International Paper Company, Mondi Group, Gordon Paper Company, Inc., Canadian Kraft Paper Ltd., KRPA Holding CZ, a.s., McNairn Packaging, Nordic Paper AS, PG Paper Company, Pudumjee Paper Products Ltd., Sappi Limited, Stora Enso Oyj., DS Smith PLC, Nippon Paper Industries Co Ltd, BillerudKorsnas AB, Gulf Paper Manufacturing Company, Smurfit Kappa Group PLC, Emami Paper Mills Ltd., WestRock Company, Rengo Co Ltd., and JK PAPER Ltd.
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According to TMR analysis, Stora Enso Oyj, International Paper Company, Smurfit Kappa Group Plc, Westrock Company, Nordic Paper AS, and Sappi Ltd. are the leading players operating in the global flexible packaging paper market. However, several players in Asia are emerging as prominent regional players in the flexible packaging paper market, namely Pudumjee Paper Products Ltd., Emami Paper Mills Ltd., and Asia Pulp and Paper among others.
Global Flexible Packaging Paper Market: Segmentation
Flexible Packaging Paper Market, by Paper Type
Kraft Paper
Coated Kraft
Uncoated Kraft
Parchment Paper
Greaseproof Paper
Sulphite Paper
Glassine Paper
Flexible Packaging Paper Market, by Product Type
Bags & Sacks
Pouches
Envelopes
Wraps
Sachets
Flexible Packaging Paper Market, by End-use Industry
Food
Bakery & Confectionery
Ready-to-eat
Fruits & Vegetables
Food Grains
Dairy Products
Pharmaceuticals
Consumer Goods
Agriculture
Personal Care & Cosmetics
Others
Flexible Packaging Paper Market, by Region
North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Germany
France
Italy
Spain
U.K.
BENELUX
Nordic Countries
Russia
Poland
Rest of Europe
South Asia
India
Thailand
Indonesia
Malaysia
Rest of South Asia
East Asia
China
Japan
South Korea
Oceania
Australia
New Zealand
Middle East & Africa
GCC Countries
Turkey
Northern Africa
South Africa
Rest of Middle East & Africa
Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=76857
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About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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