Flexible Packaging Market Growth Drivers, Trends, Industry Innovation, Demand Analysis, Global Profit and Development Strategies until 2030

Flexible packaging refers to the non-rigid packaging structure which is used for packaging products, when filled or closed can be readily shift into numerous shapes. This type of packaging uses different types of flexible materials including foil, plastic & paper to make pouches, bags and other foldable product containers which are sealed using heat or pressure. The advent of bio-based & biodegradable films and rising demand for packaging solutions among the food & beverage, healthcare & personal care industries which ensures improved protection & convenient handling are the key driving factors for the flexible packaging market.

Also, the escalating demand for processed, ready to cook & ready to eat food owing to the busy lifestyle of consumers, rising urban population and increasing number of retail industries predicts to boost the market growth in the coming years. Apart from this, the strict government regulations on the plastics usage and availability of other methods of packaging are factors limiting the market growth.

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The global flexible packaging market in 2020 was approximately USD 180 billion. The market is expected to grow at a CAGR of 4.8% and is anticipated to reach around USD 250 billion by 2025. The growing consumer awareness about dietary requirements, environment concerns, retailers and manufacturers concern for longer shelf life has been the encouraging factor for food and beverage manufacturers to adopt active packaging technology to enhance the quality of packaged food for a longer period.

The market for flexible packaging market is intensely competitive and is highly fragmented. The vendors in the flexible packaging market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their products. In addition, the market is expected to be highly competitive over the years with increased number of new players.

The key players in the market are Oji Holdings Corporation, Sealed Air, Schur Flexibles Group, International Paper Company, Amcor, Sonoco Products Company, Mondi Group, Coveris Holdings, Stora Enso Oyj, Winpak, WestRock Company, Pactiv, Smurfit Kappa Group, Berry Global Group, Constantia Flexibles GmbH, ProAmpac LLC, Huhtamaki Oyj, DS Smith, CCL Industries and Others

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Based on the product type, the global plastic flexible packaging market sub-segmented into

Pouches
Bags
Films
Others

Based on the end-use, the global plastic flexible packaging market sib segmented into

Food
Drinks
Personal Care and Cosmetics
Pharmaceutical
Others

Based on geography, the global plastic flexible packaging market segmented into

North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]

Further key aspects of the report indicate that:

Chapter 1: Research Scope: Product Definition, Type, End-Use & Methodology

Chapter 2: Global Industry Summary

Chapter 3: Market Dynamics

Chapter 4: Global Market Segmentation by region, type and End-Use

Chapter 5: North America Market Segmentation by region, type and End-Use

Chapter 6: Europe Market Segmentation by region, type and End-Use

Chapter 7: Asia-Pacific Market Segmentation by region, type and End-Use

Chapter 8: South America Market Segmentation by region, type and End-Use

Chapter 9: Middle East and Africa Market Segmentation by region, type and End-Use.

Chapter 10: Market Competition by Companies

Chapter 11: Market forecast and environment forecast.

Chapter 12: Industry Summary.

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