Press release
Flexible Paper Packaging Global Market Report 2024 - By Trends, Size, Share, Growth, Report, Forecast To 2033
The Business Research Company presents an extensive market research report on the Flexible Paper Packaging Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The flexible paper packaging market size has grown strongly in recent years. It will grow from $63.28 billion in 2023 to $66.91 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to sustainability trends, consumer preference for convenience, regulatory shifts toward eco-friendly solutions, preference for lightweight packaging, urbanization and changing lifestyles, reduced carbon footprint, recyclability and circular economy..
The flexible paper packaging market size is expected to see strong growth in the next few years. It will grow to $82.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to innovations in material science, e-commerce expansion, increased demand in emerging markets, packaging waste reduction initiatives, consumer education initiatives, supply chain resilience requirements.. Major trends in the forecast period include circular economy initiatives, innovations in barrier coatings, focus on convenience and portability, reduced packaging waste, evolving design trends, technological advancements in printing, collaborations and partnerships..
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Key Market Players:
Major companies operating in the flexible paper packaging market report are Amcor Limited, Mondi plc, Sonoco Products Company, Sealed Air Corporation, Huhtamaki Oyj, Sappi Limited, DS Smith plc, Coveris Holding SA, Sabert Corporation, Wihuri International Oyj, International Paper Company, Nippon Paper Industries Co. Ltd., WestRock Company, Georgia-Pacific LLC, KapStone Paper and Packaging Corp., Ahlstrom-Munksjö Oyj, Aluflexpack AG, Ardagh Group S.A, Ball Corporation, Berry Global Inc., Constantia Flexibles Group GmbH, Crown Holdings Inc., Graphic Packaging International Corporation, Silgan Holdings Inc., Smurfit Kappa Group Plc, Stora Enso Oyj, Transcontinental Inc., Accredo Packaging Inc., American Packaging Corporation, Ampac Holdings LLC, Bemis Company Inc., Bischof + Klein SE & Co. KG, Flex Films Inc., Flexopack SA, Glenroy Inc., Innovia Films Ltd., Interflex Group Inc., Jindal Films Americas LLC, Kloeckner Pentaplast India Pvt. Ltd., LPS Industries LLC
Market Drivers:
The increase in demand for processed food is expected to propel the growth of the flexible paper packaging market going forward. Processed food refers to a food product that has undergone a number of mechanical or chemical processes in order to alter or preserve it. Processed foods frequently come in boxes or bags and have multiple ingredients listed. To preserve processed food products that are in high demand, flexible paper packaging is used to enclose them and protect them from tampering or contamination from physical, chemical, and biological sources. For instance, according to an article shared by Nutra Ingredients-Asia, a UK-based online news service, in 2022, a government poll in South Korea of 2193 Koreans found that sales of processed foods have increased significantly in the last year, both in terms of volume and frequency of purchases. With 23.7% of all families purchasing processed food two to three times per week compared to 20.6% in 2020, which is a 3.1% rise, it was discovered that many homes have changed to purchasing it more frequently than they did in 2020. Therefore, an increase in demand for processed food is driving the growth of the flexible paper packaging market.
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https://www.thebusinessresearchcompany.com/report/flexible-paper-packaging-global-market-report
The flexible paper packaging market covered in this report is segmented -
1) By Packaging Type: Pouches, Rollstock, Shrink Sleeves, Wraps, Other Packaging Types
2) By Printing Technology: Rotogravure, Flexography, Digital Printing, Other Printing Technologies
3) By Application: Food, Spirits, Other Beverages, Healthcare, Beauty and Personal Care, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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