Press release
Sustainable Flexible Packaging Market Size, Share, Demand, Outlook, Opportunities and Market Forecast 2023-2030
Growing awareness of environmental issues including plastic waste, climate change, and resource depletion has led to a focus on consumption. Sustainable and renewable flexible packaging is growing in popularity as consumers' concerns about sustainability increase. The growing demand for eco-friendly products and packaging has opened up new markets for companies that specialize in sustainable flexible packaging solutions.
Because packaging made of non-biodegradable polymers lengthens its shelf life and contributes to environmental damage, sustainable packaging is essential to maintaining product shelf life. Removing, Reducing, Recycling, Renewing, and Reusing are the five R's of sustainable packaging. Additionally, environmentally friendly packaging has less of an influence.
Sustainable Flexible Packaging Market Size and Growth Analysis
The Global Sustainable Flexible Packaging Market reached US$ 126.3 billion in 2022 and is expected to reach US$ 266.0 billion by 2030, growing with a CAGR of 8.8% during the forecast period 2023-2030.
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Sustainable Flexible Packaging Market Dynamics and Trends
Flexible packaging is becoming more and more necessary for product main packaging, the market is expected to grow more fast. The principal purpose of primary packaging is to shield the product from damage and contamination. Flexible packaging offers a range of characteristics, such as light weight, low contamination, high barrier, and complete product environmental protection, that exactly fulfill the requirements of primary packaging. Thus, it is projected that the need for flexible packaging globally will fuel market growth.
It is anticipated that one of the main factors impeding market expansion will be the recycling issues associated with flexible packaging. Multiple-layered, flexible post-consumer materials are challenging to recycle. Furthermore, recycling plastic-metal and plastic-paper packaging is difficult, which is bad for the environment.
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Sustainable Flexible Packaging Market Segment Analysis
By Type
By Material
By Process
By Printing Technology
By End-User
By Region
Major Companies Covered
Amcor Plc, Mondi Group, Sealed Air Corporation, Huhtamaki Oyj, Constantia Flexibles, Berry Global, Inc., ProAmpac, Glenroy, Inc., Printpack and WestRock.
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