Flexible Plastic Packaging Market Size to Surpass USD 395.56 Billion by 2029, Rise with Steller CAGR 8.89% | Amcor plc, Mondi, Sealed Air

Exactitude Consultancy Market Research analyses that the Flexible plastic packaging Market will witness a CAGR of 8.89% for the forecast period of 2023-2029 and is likely USD 200.13 Billion in 2022 to reach at USD 395.56 Billion by 2029.

Increased awareness about health has escalated demand for flexible plastics in the pharmaceutical packaging industry are likely to generate considerable growth opportunities for the global flexible plastic packaging market. In addition, convenient packaging has gained substantial traction in recent years, which stimulates growth of the global flexible plastic packaging market.

Flexible plastic packaging is plays a vital role in the keeping packaged content fresh and safe. The global flexible plastic packaging market gathers momentum from its popularity in the packaging of frozen food, where it helps in prolonged storage of food items. Flexible plastic packaging solutions are widely used for packaging of products like baked goods & snacks, tea, beverage & juices, confectionery & chocolate, and many other edible items.

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Market Dynamics

Market Drivers:

The flexible plastic packaging market has witnessed significant growth in recent years due to the increasing demand for convenient and sustainable packaging solutions across various industries. One of the key driving factors for this market is the consumer demand for packaging that is easy to use and dispose of, while also being eco-friendly. Consumers are increasingly becoming more aware of the environmental impact of their choices, and as a result, they are opting for packaging materials that are recyclable, biodegradable, and environmentally sustainable. Flexible plastic packaging provides a viable solution to meet these demands, as it is lightweight, easy to handle, and can be recycled.

Market Restraints:

The market growth is limited by factors such as the increasing environmental concerns related to plastic waste and the strict regulations on the use of plastic packaging in certain regions. Additionally, the fluctuation in raw material prices is also a key restraint for market growth.  

Prominent Key players of the Flexible plastic packaging Market survey report:

Historical data available in the report elaborates on the development of the Flexible plastic packaging on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Amcor plc, Mondi, Sealed Air, CONSTANTIA, Coveris, Goglio SpA, ProAmpac, GUALAPACK S.P.A, Huhtamaki Group, Smurfit Kappa.

Industry Developement:

15 December 2022: Amcor a global leader in responsible packaging solutions announced the opening of its new state-of-the-art manufacturing plant in Huizhou, China. With an investment of almost USD 100 million, the 590,000-square-foot plant is the largest flexible packaging plant by production capacity in China, further strengthening Amcor's ability to meet growing customer demand throughout Asia Pacific.
08 November 2022: Amcor a global leader in developing and producing responsible packaging solutions, announced its investment of USD 3 million in PulPac, a Swedish company providing disruptive manufacturing technology for low-cost, high-performance fiber-based packaging. Amcor is one of several strategic investors in a cross-industry alliance aimed at driving the deployment of PulPac's technology globally.

Flexible plastic packaging Market Segmentation:

Flexible Plastic Packaging Market By Material, 2023-2029, (USD Billion), (Thousand Units).

Plastic

Aluminum Foil

Flexible Plastic Packaging Market By Type, 2023-2029, (USD Billion), (Thousand Units).

Pouches

Roll Stocks

Bags

Wraps

Flexible Plastic Packaging Market By Technology, 2023-2029, (USD Billion), (Thousand Units).

Flexography

Rotogravure

Digital Printing

Flexible Plastic Packaging Market By Application, 2023-2029, (USD Billion), (Thousand Units).

Food

Beverage

Pharma and Healthcare

Personal Care and Cosmetics

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Flexible plastic packaging Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Flexible plastic packaging industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Flexible plastic packaging industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Flexible plastic packaging Market Research Report 2023-2029

1 Flexible plastic packaging Market Overview

1.1 Product Overview and Scope of Flexible plastic packaging

1.2 Flexible plastic packaging Segment by Type (Product Category)

1.3 Global Flexible plastic packaging market Segment by Application

1.4 Global Flexible plastic packaging Market by Region (2023-2029)

1.4.1 Global Flexible plastic packaging Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Flexible plastic packaging (2023-2029)

1.5.1 Global Flexible plastic packaging Revenue Status and Outlook (2023-2029)

1.5.2 Global Flexible plastic packaging Capacity, Production Status and Outlook (2023-2029)

…

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