Flexible Packaging Market | Key players operating in the market include Huhtamaki Oyj, Berry Global Group, Amcor, Mondi Group, Sonoco Products

According to recent market research the "Flexible Packaging Market by Packaging Type (Pouches, Bags, Roll Stock, Films & Wraps), Printing Technology (Flexography, Rotogravure, Digital Printing), End-user Industry, Material (Paper, Plastic, Metal) and Region - Global Forecast to 2027", published by MarketsandMarkets, the Growing demand of consumer for packaged, processed food and beverages items such as meat, snacks, namkeen, milk, yogurt, coffee, tea, ketchup, biscuits, and other food items, rising urbanization, changing lifestyles, rising disposable income, rising trends towards sustainable packaging, increasing awareness towards hygiene across the globe are boosting the growth of flexible packaging market. However, the high cost of raw materials which are required for making flexible packaging products such as pouches, bags, roll stock, films & wraps, and others, and poor recycling infrastructure are the factors expected to clog the market of flexible packaging. Opportunities in the flexible packaging market are the growing demand for sustainable packaging and better substitute for traditional packaging materials because of increasing awareness about hygiene. Moreover, rapid changes in technology are the major challenge for the flexible packaging market.

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Flexible pouches are frequently constructed of plastic, metal foil, and occasionally paper. They are widely used for packaging everything from industrial liquids to snack foods, and they may be found on store shelves all around the world. These pouches nowadays are very popular in the flexible packaging market because of their excellent properties such as reusability, eco-friendly, lower carbon footprint, taking less space, and being cheaper than other alternatives like glass, metal, and cardboard containers.

Flexible plastic packaging offers a wide variety of protective qualities while assuring a lower amount of possible material. They are used to market, protect, and distribute a wide range of items for both industrial and consumer uses. The flexible plastic packaging market is expanding at a higher rate than its counterpart, rigid plastic packaging, serving a variety of functions from raising shelf life and maintaining food safety to offering barrier protection from heat and pathogens, oxygen, moisture, and other external agents.

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The market for flexible packaging is approximated to be USD 248.9 billion in 2022, and it is projected to reach USD 315.5 billion by 2027, at a CAGR of 4.8%.
Any component of a package that can easily alter shape is said to be flexible packaging. Bags, pouches, shrink film, tubes, sachets, roll stocks, and sleeves are typical types of flexible packaging. Manufacturers can produce appealing packages with the use of flexible packaging. These packages provide greater convenience to consumers. Flexible packaging is also a type of eco-friendly packaging. These substitutes include stiff packaging made of cardboard, glass, and other materials.

Food and beverage, consumer and household goods, pharmaceutical and medical, healthcare, cosmetics and toiletries, retail non-food, industrial applications, nutritional and supplement products, agricultural, horticulture, and veterinary and pet foods are the main market sectors for flexible packaging.

The demand for flexible packaging is mainly furnished by global players manufacturing for various end-use industries. Some of the leading companies involved in the manufacturing of flexible packaging are Huhtamaki Oyj (Finland), Berry Global Group Inc. (US), Amcor Limited. (Australia), Mondi Group. (UK), and Sonoco Products Company (US). These companies, along with other regional companies, cater to the demand for flexible packaging products globally.

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Huhtamaki Oyj (Finland) offers packaging solutions for food & beverages, personal care & household, and healthcare industries. It offers customized designs, standardized products, and total packaging systems and solutions. The company operates through four business segments, namely, North America, flexible packaging, Foodservice Europe-Asia-Oceania, and fiber packaging. It serves packaging products to the cosmetics market through its flexible packaging segment. The company has a strong foothold globally, with 114 locations in 38 countries.

Berry Global Group Inc (US) is a well-known international provider of plastic packaging goods with a focus on consumer-oriented end markets. The four business divisions are engineered materials; consumer packaging international; consumer packaging North America; and health, hygiene, & specialty. The company sells its products predominantly into stable, consumer-oriented end markets, such as the healthcare, personal care, and food & beverage industry.

Amcor Limited (Australia) is a global packaging manufacturer that offers innovative packaging solutions. The company operates through two business groups, namely, flexibles and rigid plastics. The flexible business of Amcor Limited is one of the world's largest producers and suppliers of flexible packaging products and speciality folding cartons. The flexible packaging business produces several products for beverage, food, medical, pharmaceutical, personal care, cosmetics, and other industries.

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