Press release
Flexible Packaging Market Size, Share, Growth, Trends Report and Forecast 2024-2032
Flexible packaging, characterized by the pliable material properties that allow it to shape according to the contents it is protecting, is increasingly becoming a popular choice among various industries. With its key attributes such as reduced materials usage, lightweight nature, and superior barrier protection, it is positioned as an ideal solution for packaging a wide array of products, ranging from food items to pharmaceuticals.
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The increasing consumer preference for sustainable and convenient packaging options is driving the global flexible packaging market growth. With the growing awareness of environmental issues and the critical role that packaging plays in waste production, there has been a significant shift towards packaging options that utilize less material, are lightweight, and are recyclable or biodegradable. Flexible packaging aligns well with these consumer values, leading to its surge in demand.
Moreover, the growing trend of e-commerce and the need for efficient and lightweight packaging solutions that protect products during transit while minimising shipping costs have further contributed to the increasing popularity of flexible packaging.
Flexible packaging's versatile nature plays a significant role in boosting the flexible packaging market share. In the food and beverage sector, it not only provides excellent barrier properties, ensuring longer shelf life for products, but also offers resealable options, making it a convenient choice for consumers. In the pharmaceutical sector, flexible packaging materials, like pouches and sachets, are used for the hygienic and safe containment of medicines, playing a critical role in patient adherence and reducing contamination risks.
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The cosmetics sector, which demands both aesthetic appeal and functionality, is generating a healthy flexible packaging market demand. Its ability to be formed into various shapes and sizes, coupled with high-quality printing capabilities, makes it ideal for creating packages that are both attractive and protective.
The continuous advancements in materials science and manufacturing technology have allowed for innovations in flexible packaging. New materials, including bio-based and compostable plastics, are paving the way for more sustainable flexible packaging solutions. Moreover, advancements in printing technologies have enabled high-quality, vibrant, and detailed graphics to be produced on flexible packaging materials, enhancing shelf appeal and consumer engagement.
Flexible Packaging Market Segmentation
The market can be divided based on product type, raw material, printing technology, application, and region.
Market Breakup by Product Type
• Printed Rollstock
• Preformed Bags and Pouches
• Others
Market Breakup by Raw Material
• Plastic
• Paper
• Aluminium Foil
• Cellulose
• Others
Market Breakup by Printing Technology
• Flexography
• Rotogravure
• Digital
• Others
Market Breakup by Application
• Food and Beverages
• Pharmaceuticals
• Cosmetics
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global flexible packaging market. Some of the major players explored in the report by Expert Market Research are as follows:
• Amcor plc
• Berry Global Inc.
• Sealed Air
• Mondi plc
• DS Smith
• Huhtamaki
• Others
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