Press release
Flexible Packaging Market is Projected to Reach USD 345.32 Billion by 2030: Cognitive Market Research
Flexible Packaging Market is Projected to Reach USD 345.32 Billion by 2030: Cognitive Market Research
Introduction of Flexible Packaging Market
Flexible packaging refers to a type of packaging that can easily conform to the shape of its contents such as bags, pouches, wraps, and films. Flexible packaging is often made from materials like plastic, paper, or aluminum foil, and can be used for a wide variety of products including food, beverages, pharmaceuticals, and personal care items.
Summary:
As per the study of CMR, the Global Flexible Packaging Market size was valued at USD 241.51 Billion in 2022 and will reach USD 345.32 Billion by 2030, at a CAGR of 4.6% during the forecast period (2023-2030).
To know more about The Flexible Packaging Market statistics click here: https://www.cognitivemarketresearch.com/flexible-packaging-market-report
Market Dynamics:
Factors Impacting on Flexible Packaging Market
The rising demand for packaged food and beverage products coupled with the growing demand for convenience is driving the growth of the flexible packaging market. Consumers are increasingly looking for packaging that is easy to use, store, and transport. Flexible packaging provides this convenience and flexibility, making it a popular choice for many products. Moreover, the development of new materials, printing technologies, and packaging designs have made flexible packaging more versatile and adaptable, allowing it to be used for a wider range of products. Thus, the advancement in technology is contributing to market growth. Furthermore, the increasing shift towards e-commerce has created a need for packaging that can be easily shipped and delivered. Flexible packaging is lightweight and can be easily folded or rolled, making it ideal for e-commerce. This factor is anticipated to increase the growth of the flexible packaging market.
Market Segmentation:
Material:
• Plastic
• Paper
• Metal
• Bioplastic
• Others
Based on material, the plastic material segment held the major market share in the year 2022 owing to its technical versatility and formability. Plastic material is lightweight and cost-efficient and it offers superior protection for products.
Application:
• Food & Beverages
• Personal Care
• Pharmaceutical
• Household Care
• Others
Based on Application, the food & beverages segment held the major market share in the year 2022 owing to its advantages such as requiring less water and energy to manufacture easy to transport, and convenient storage and disposal of food and beverage products. The increasing demand for convenient food followed by the growth of the retail sector is projected to increase the demand for flexible packaging.
Product Type:
• Pouches
• Bags
• Films
• Wraps
Competitive Analysis of the Flexible Packaging Market: Berry Global Inc., Amcor Plc, FlexPak Services LLC, Mondi Group, Sealed Air Corporation, Constantia Flexibles, Transcontinental Inc., Coveris Holding SA, Huhtamaki, Sonoco
Get free sample pages of the latest published Flexible Packaging Market Report: https://www.cognitivemarketresearch.com/flexible-packaging-market-report#request_sample
Regional Analysis:
Asia Pacific is a leading region of the Flexible Packaging Market
Asia Pacific accounted for the largest market share in the year 2022. This growth is attributed to the growing food & beverage industry, the rising e-commerce sector, and the increasing preference for packaged foods and beverages among consumers. Moreover, the rising adoption of flexible packaging among youngsters is contributing to the demand for convenient food on-to-go and easy-to-eat packaging solutions across the Asia Pacific.
News:
SEE Completed Acquisition of Liquibox
In February 2023, SEE completed the previously announced acquisition of Liquibox. This strategic acquisition combines two leaders in the global flexible packaging industry and aligns with the high-performance growth and innovation cultures of both companies. This acquisition expands SEE's fastest-growing segment, the CRYOVAC brand Fluids & Liquids business.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Flexible Packaging Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Flexible Packaging Market Segmentation
1.5.1 Flexible Packaging Market Regional Fragmentation
1.5.1 Flexible Packaging Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Flexible Packaging Market
• 3.1 Global Flexible Packaging Market Size 2018 - 2030, (USD Million)
• 3.2 Global Flexible Packaging Value, Absolute & Opportunity Analysis
• 3.3 Global Flexible Packaging Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Flexible Packaging Market Statistics 2022: Snapshot
Chapter 4 Global Flexible Packaging Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Flexible Packaging Market by Material Type Segmentation Analysis (2018-2030)
Chapter 10 Global Flexible Packaging Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Flexible Packaging Market by Product Type Segmentation Analysis (2018-2030)
Chapter 12 Global Flexible Packaging Market Regional Analysis
Chapter 13 North America Flexible Packaging Market Outlook (2018 - 2030)
Chapter 14 Europe Flexible Packaging Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Flexible Packaging Market Outlook (2018 - 2030)
Chapter 16 Latin America Flexible Packaging Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Flexible Packaging Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Flexible Packaging Market TOC click here: https://www.cognitivemarketresearch.com/flexible-packaging-market-report#table_of_contents
Related Report:
• Plastic Packaging Market- https://www.cognitivemarketresearch.com/plastic-packaging-market-report
• Flexible Abrasive Market- https://www.cognitivemarketresearch.com/flexible-abrasive-market-report
• Molded Pulp Packaging Market- https://www.cognitivemarketresearch.com/molded-pulp-packaging-market-report
Blogs:
• Analyzing the Data Loss Prevention Market: Cognitive Market Research- https://www.cognitivemarketresearch.com/blog/analyzing-the-data-loss-prevention-market
Article:
• What trends and innovations in the frozen fruit market driving its demand- https://www.cognitivemarketresearch.com/articles/what-trends-and-innovations-in-the-frozen-fruit-market-driving-its-demand
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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